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

Author Question: You purchase 150 shares of stock at 40.88 per share. Several months later you sell the shares at ... (Read 204 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
You purchase 150 shares of stock at 40.88 per share. Several months later you sell the shares at 32.50. Your broker charges 4 commission for round lots and 5 for odd lots. Calculate the gain or loss on the transaction. (If loss, enclose in parenthesis)
 A) (1,924.69)
  B) (1,311.47)
  C) (1,733.97)
  D) 2,145.87

Question 2

On October 10, Blake Redman borrowed 2,600 from his credit union at 12 for 120 days. The credit union uses the ordinary interest method. What is the amount of interest on the loan? (Round to the nearest cent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshraies

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

104


B

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
Excellent

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Diverse living organisms share common chemical features Diverse living organisms share common chemical features
Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse Jane Goodall pioneered the modern approach to studying primates in the wild, involving close-up obse
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
Identical twins (monozygotic twins) have the same sex and share a single genotype. Identical twins (monozygotic twins) have the same sex and share a single genotype.
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: Stroke volume

For a complete list of videos, visit our video library