This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Steven Fork purchased 375 shares of Grant Corporation common stock at 19.75 per share. Three months ... (Read 132 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 24, 2018
Steven Fork purchased 375 shares of Grant Corporation common stock at 19.75 per share. Three months later he sold the shares at 28.80. His stockbroker charges 3 commission on round lots and 4 on odd lots. What was the amount of gain on this transaction?

Question 2

Customer Bank loaned The Teacup Shoppe money at 6 interest for 90 days. If the interest was 750 using the ordinary interest method, the principal amount borrowed was 5,000.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cegalasso

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jun 24, 2018
Answer to Question 1

2,811.15

Answer to Question 2

FALSE


mynx

  • Member
  • Posts: 555
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Symptoms that are most common in toxic spider bites Symptoms that are most common in toxic spider bites
Common Abbreviations and Symbols Used by Massage Therapists Common Abbreviations and Symbols Used by Massage Therapists
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
Schematic view of a replication fork Schematic view of a replication fork
Comparison of Portion Sizes of Common Foods Comparison of Portion Sizes of Common Foods
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library