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
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

You might be interested in
Corey is the city sales manager for RIBS, a national fast food franchise. Every working day, Corey drives his car as follows: Mi
Inessa [10]

Answer:

b.46 miles

Explanation:

Calculation to determine Corey's reimburseable mileage

Corey's reimburseable mileage= 15 miles + 18 miles + 13 miles

Corey's reimburseable mileage = 46 miles

Therefore As a result, Corey's reimburseable mileage is 46 miles

8 0
3 years ago
When the effective-interest method of amortization is used for a bond premium, the amount of interest expense for an interest pe
gayaneshka [121]

The amount of interest expense for an interesting period is calculated by multiplying the carrying value of the bonds at the beginning of the period by the effective interest rate.

Amortization is an accounting approach used to periodically decrease the ebook value of a loan or an intangible asset over a fixed time frame. Concerning a mortgage, amortization focuses on spreading out mortgage bills through the years. When applied to an asset, amortization is similar to depreciation.

Amortized price is an accounting approach in which all economic properties need to be suggested on a stability sheet at their amortized fee that is identical to their acquisition general minus their essential payments and any reductions or charges minus any impairment losses and change variations.

Input the corresponding values in cells B1 thru B3. In cellular B4, input the components "=-PMT(B2/1200, B3*12, B1)" to have Excel routinely calculate the monthly charge. As an example, in case you had a $25,000 mortgage at 6.5 percent annual hobby for 10 years, the month-to-month fee could be $283.87.

Learn more about the method of amortization here brainly.com/question/10561878

#SPJ4

5 0
2 years ago
Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
Nesterboy [21]

Answer:

€4,883,000

Explanation:

The computation of cost of sales is shown below:-

Inventory = 35,000 ÷ €12

= 2,917 units

Weighted average cost of inventory

= (2,917 × €12) + (35,000 × €14)

=  €35,004 + €490,000

= €525,004

So weighted average cost = €525,004 ÷ €40,833.33

= €12.85

So, cost of sales = weighted average cost × sold units

= €12.85 × 38,000

= €4,883,000

3 0
4 years ago
Please help me w this one multiple choice question (Principles of Business (P.O.B.)​
Leno4ka [110]

The correct answer to this question is choice A.

The definition of Imperfect Competition is when there is a situation in a market where there are features of a competitive market, but also characteristics of a monopoly. The other three choices are characteristics of a competitive market.

3 0
3 years ago
51 Which of the following is the best estimate, in feet, for personal distance in Western cultures? Multiple Choice O
steposvetlana [31]

The correct option is b) 1.5-4. The best estimate for personal distance in Western cultures is around 1.5 to 4 feet.

<h3>What is meant by personal distance?</h3>

The term personal distance is often used to describe the physical space distance between communicating parties in western cultures. For example, when people are talking in a group setting or in a one-on-one setting, the physical distance between them that is viewed as appropriate makes up for the personal distance range.

You can learn more about personal distance from a related question here https://brainly.in/question/5605173

#SPJ1

5 0
2 years ago
Other questions:
  • when gathering information, which of the following tasks might you need to perform? a. fill out forms, follow procedures, and ap
    11·2 answers
  • Katie Inc. reported net income of $171,000 for the current year and paid dividends of $26,000 on common stock. It also has 10,00
    13·1 answer
  • Suppose it is 1810. what advice would you give tecumseh to help him be more successful in his goals than he actually was?
    13·1 answer
  • CalcuCo hired Effner &amp; Associates to design a new computer-aided manufacturing facility. The new facility was designed to pr
    8·1 answer
  • Consider the following cases.
    7·1 answer
  • Coltrane Company has a $5,000 note payable that is paid in $1,000 installments over five years. How would the portion that must
    13·1 answer
  • A customer owns 1,000 shares of XYZZ stock, purchased at $40 per share. The stock is now at $45, and the customer has become neu
    15·1 answer
  • The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed
    9·1 answer
  • 2. On January 1, 2017, Gaskin Cabinetry Company purchases $300,000 of equipment by paying $50,000 in cash and
    10·1 answer
  • The​ product/market expansion grid is a tool that allows marketers to identify growth opportunities. Of the​ following, which re
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!