1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GREYUIT [131]
2 years ago
12

The commission structure on a stock purchase is $45 plus $0.04 per share. If you purchase five round lots of a stock selling for

$130, what is your commission
Business
1 answer:
Vedmedyk [2.9K]2 years ago
7 0

The commission for purchasing five round lots of a stock selling for $130 is $65.

<h3>What is round lots of a stock?</h3>

A specified quantity of securities to be traded on an exchange is known as a round lot. In the stock market, a round lot is defined as 100 shares or a bigger number that may be divided in half equally.

1 round lots = 100 shares

5 round lots = 500 shares

The commission structure on a stock purchase is $45 plus $0.04 per share.

For 500 shares, the commission is

= 45 + 0.04×500

= 65

Therefore, the commission for purchasing 500 shares of stock selling for $130 is $65.

To know more about commission, here

brainly.com/question/957886

#SPJ4

You might be interested in
Are schools officials immune from being sued?
Vikki [24]

Depending on where there located

3 0
3 years ago
Parco, Inc., a U.S. entity, has a 100% owned subsidiary, Subco, Inc., located in the country of Eastlaco. In which one of the fo
slega [8]

Answer: C. Subco borrows in the currency of Eastlaco.

Explanation:

Exchange rate risk only occurs when an entity borrows in a currency that is not their own. This means that if the currency they borrowed in was to appreciate against theirs, they would have to pay more than usual.

Subco is located in Eastlaco so if they borrowed funds in the currency of Eastlaco they would not have to worry about exchange rate risk because they are paying back in their local currency which cannot appreciate or depreciate against itself.

4 0
3 years ago
Required
Marina86 [1]

Answer: See explanation

Explanation:

• Natural resources occur in the environment.

This is true. In our environments, we can see natural resources. They include coal, tin, limestone, iron ore etc.

• Example of services are teaching, banking, insurance, tailoring etc. In an economy, services are regarded as the intangible parts as they can't be touched. It is an important part of every nation.

• Example of goods are clothes, pens, cars etc.

Goods are physical and tangible items. They include laptops, chairs, phones etc.

• A renewable resource cannot be exhausted.

This is true. A renewable resource cannot be exhausted e.g. sunlight.

6 0
3 years ago
Accounts Randall Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various ag
Crazy boy [7]

Answer:

Explanation:

The journal entry will be:

Debit: Bad debt expense $2500

Credit: Allowance for doubtful $2500

Then, we will calculate the net amount of account receivable that should be included in current assets which will be:

Account receivable = $128000

Less: Allowance for doubtful = $500 + $2500 = $3000

Net amount of account receivable = $125000

8 0
3 years ago
All City​ Realty, Inc. issued 10 comma 000 shares of $ 3 stated value common stock for $ 16 per share. The journal entry to reco
elena55 [62]

Answer:

B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000

Explanation:

Whenever shares are issued at a price higher than the par value, then the additional value that is higher than par value is is added to paid in capital in excess of stated common capital.

Here, in the given case stated capital = 10,000 \times $3 = $30,000

Paid in capital in excess of stated capital = 10,000 \times ($16 - $3) = $130,000

Thus, correct entry will include credit to both of the above.

Therefore, correct option is

B. Paid-In Capital in Excess of Stated long dash Common for $ 130,000

7 0
4 years ago
Other questions:
  • At a? fast-food restaurant, cooks hear a symphony of buzzers and beepers. some tell the burger people when to turn the meat and
    8·1 answer
  • A question that can be answered by observing and analyzing the world as it is known:
    11·1 answer
  • Which phrase defines complementary goods
    14·2 answers
  • Managers might want to offer _____ to employees who want to talk to someone about their problems.
    8·2 answers
  • Michelle transfers $4,000 from her savings account to her checking account. What effect is this change likely to have on M1 and
    8·1 answer
  • Sheridan Company received $135000 in cash and a used computer with a fair value of $318000 from Carla Vista Co. for Sheridan Com
    7·1 answer
  • Selected Information from Balance Sheets (As of Year End for Years 0 and 1)
    11·1 answer
  • The ability for a business to pay all that is owed is called what?
    14·2 answers
  • What is the manager​
    11·2 answers
  • A decision that involves doing a little more or a little less of something is called a:.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!