« previous next »

Author Question: Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 ... (Read 302 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 24, 2018
Lance bought 120 shares of stock at 25.28 per share. Several months later he sold the stock at 24.70 per share. His broker charges 3 commission for round lots and 4 for odd lots. Calculate the gain or loss on the transaction. (Show loss in parentheses)
 A) 3,139.66
  B) 3,033.60
  C) 259.52
  D) (259.52)

Question 2

The owner of a hot dog stand receives a loan of 3,750 at 8.25 for 9 months. Find the amount of simple interest.(Round to the nearest cent)
 A) 320.63
  B) 232.03
  C) 489.65
  D) 232.00


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Australopithecus sediba shares small brain size with other members of Australopithecus but also has Australopithecus sediba shares small brain size with other members of Australopithecus but also has
ADHD (Stock photo) ADHD (Stock photo)
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
How many carboxylic acids and esters share the molecular formula C2H4O2? How many carboxylic acids and esters share the molecular formula C2H4O2?
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Traits Bacteria and Archaea Share Traits Bacteria and Archaea Share
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library