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andriy [413]
3 years ago
9

Your discount brokerage firm charges $7.95 per stock trade. how much money do you need to buy 200 shares of pfizer, inc. (pfe),

which trades at $31.40? (round your answer to 2 decimal places.)
Business
1 answer:
Andrej [43]3 years ago
5 0

Answer: $6,287.95

Explanation: There are two pieces to consider when calculating the cost of a trade. First, you need to calculate the total cost of the stock. Pfizer is trading for $31.40, so the total amount for 200 shares is $6,280. The second piece is what the brokerage firm charges for the trade. In this case it is $7.95. The total for this trade is $6,280 + $7.95, which equals $6,287.95.

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During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600
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Answer:

$25,400

Explanation:

Average for first 11 months = $20,600

Total amount for first 11 months = 11 x $20,600 = $226,600

Average for 12 months = $21,000

Total amount for 12 months = 12 x $21,,000 = $252,000

Amount received in December =  $252,000 - $226,600 = $25,400

The organization received $25,400 in donations during December

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The cost of the merchandise inventory that the business ▼ has sold to customers.
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c a type of marchandiser that buys merchadise from a manufacture


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Net operating income computed under variable costing would exceed net operating income computed using absorption costing if: Mul
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Units sold exceeds units produced

Explanation:

The net operating income under variable costing system is always higher than absorption costing system when units sold exceeds units produced. As variable cost doesn't include fixed manufacturing overhead unlike absorption costing, when the net operating income under it now exceed that of absorption, it's definitely am increase in sales that's responsible for that.

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When companies follow the key factors of Corporate Social Responsibility, a __________ usually results, thus __________.
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positive public image, attracting more customers

Explanation:

7 0
2 years ago
The transactions of Spade Company:
diamong [38]

Answer:

Trial Balance

                                                                                                    Debit     Credit

Cash                                                                                           $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)  

Common Stock                                                                                        $16,500

Office Supplies                                                                             $479

Office Equipment                                                                      $9,125

Accounts Payable ($9.125 - $9,125)                                                            $0

Service Fees ($1,947 + $3,498)                                                               $5,445

Accounts Receivable ($3,498 - $1,469)                                  $4,967

Rent Expense                                                                              $530

Dividends                                                                                    $800

Totals                                                                                        $21,945  $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts  from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

a.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

b.

Office Supplies $479 (debit)

Cash $479 (credit)

c.

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

d.

Cash $1,947 (debit)

Service Fees $1,947 (credit)

e.

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

f.

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

g.

Rent Expense $530 (debit)

Cash $530 (credit)

h.

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

i.

Dividends $800 (debit)

Cash $800 (credit)

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