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AysviL [449]
3 years ago
7

Tabitha Robertson bought 80 shares of White Air Lines stock at $13.20 per share. She held the stock for one year and sold it at

$45.68. Each transaction has a commission of $27 plus $0.03 per share. What is the profit or loss for the sale?
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Answer: $2569.00

Explanation:

Purchase price per share = $13.20

Number of shares = 80

Commission on transaction = $0.03 per share plus $27

Sales prices per share = $45.68

Total Purchase price = ( number of shares × purchase price per share)

Total Purchase price = (80 × $13.20) = $1056.00

Total Sales price = (number of shares × sales price per share)

Total Sales price = (80 × $45.68) = $3654.40

Commission = $27 + (80 × 0.03) = $29.40

Profit or loss = Total Sales price - Total purchase price - commission

Profit or loss = $3654.40 - $1056.00 - $29.40

Profit = $2569.00

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2 years ago
An integrity-based approach _____. a. helps very little concerning where questionable practices are occurring and where possible
Roman55 [17]

Answer:

The correct answer is letter "C": usually have chief officers, human resource managers, and board member committees involved with the ethics and compliance program.

Explanation:

The integrity-based approach is the practice in which top executives of a company including members of the <em>Board of Directors</em> (BoD) hold the responsibility of the firm's ethical culture and spread it to their employees. This is done to promote good practices among workers and to spot where might be possible ethical issues appearing in the company.

8 0
3 years ago
Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a(n) __________ process
marysya [2.9K]

Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) <u>accounting process</u>.

The accounting process is the set of steps that allows the economic operations of an entity or company to be expressed through financial statements.

This process is essential for any company since they will be able to see their expenses and income, and thus make projections and help it to minimize entry errors of the company.

  • During the accounting process, the economic operations of the company are compiled (purchases of materials, sales of products), together with the documents that guarantee each operation.

  • Finally, before the accounting process is closed, adjustments or modifications can be made that allow a reliable balance.

Therefore, we can conclude that Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) accounting process.  

Learn more here: brainly.com/question/20871705

5 0
2 years ago
Double entry system means?
Soloha48 [4]
Every transaction has a double effect i.e Dr and cr
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2 years ago
Discuss whether or not consumers benefit more from a market economic system or a mixed economic system. *
storchak [24]

Answer:

compared to a mixed economy, a market economy tends to benefit the consumers.

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However, in the real world scenarios, pure free market systems are difficult to be seen and most of the time, the economies are Mixed economies.

Even in USA's economy 40% of the economy consists of the government agencies and activities.

This is mainly due to the economic malpractices by the producers and corporations.

Explanation:

7 0
2 years ago
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