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
Dima020 [189]
4 years ago
7

You purchase 20 shares of common stock at $15.20 per share. a few months later, you sell the shares for $10.12. no dividends wer

e paid. your stockbroker charges 2.5% commission on transactions of less than 100 shares. determine the gain (or loss) of the stock transaction. round your answer to the nearest cent.
a. a gain of $114.26
c. a gain of $197.34
b. a loss of $114.26
d. a loss of $197.34
Business
1 answer:
ANEK [815]4 years ago
8 0
Purchased common stocks: 1.025 x 20 shares x $15.20 = $311.60
Sold common stocks: (1 - 0.025) x 20 shares x $10.12 = $197.34

To get the gain or loss of the stock transaction:
$197.34 - $311.60 = ($114.26) 

Negative result signifies loss.

The answer is there is a loss of $114.26
You might be interested in
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
3 0
3 years ago
An increase in the price level reduces the real value of financial assets with fixed money values, and, as a result, the holders
ohaa [14]

Answer:

(B) False

Explanation:

In fact, if assets have a fixed monetary value, increasing the overall price level (inflation) will reduce the real value of these assets. Thus, the purchasing power of the holders of these assets will decrease. However, it is not correct to say that the holders of these titles have reduced their spending, since what determines spending is individual perceptions and needs. Some of the holders may decrease their spending in the face of an inflationary process, but others may maintain or even increase their spending.

7 0
3 years ago
Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided an 8 percent yield at the time
ExtremeBDS [4]

Answer:

Current dividend paid = 8% x $100 = $8

Current yield = <u>Current dividend paid</u>

                         Current market price

Current yield = <u>$8</u>

                         $74

Current yield  = 0.1081 = 10.81%

Explanation:

Current yield is the ratio of current dividend paid to current market price. The current dividend paid is $8 and the current market price is $74. The division of current dividend by current market price gives current yield.

3 0
3 years ago
Darwin is a 60-year-old software engineer for Compuswerve, Inc. Recently, the company went through a reorganization process mean
yanalaym [24]

Answer:

Darwin and Compuserve, Inc.

1. d. if Darwin was unable to perform the essential functions of his job

e. if Darwin had another job offer elsewhere

2. b. Title VII

3. a. No, because Darwin was treated less favorably than younger employees based solely on his age.

Explanation:

Title VII of the Civil Rights Act of 1964 is a federal law that protects employees against discrimination based on certain specified characteristics: race, color, national origin, sex, and religion. Under Title VII, an employer may not discriminate with regard to any term, condition, or privilege of employment.

Federal employment laws prohibit discrimination of persons who are over 40 years.

7 0
3 years ago
A company's normal operating range, which excludes extremely high or low operating levels that are not likely to occur, is calle
Novay_Z [31]
I believe the answer is the first option. A company's normal operating range, which excludes extremely high or low operating levels that are not likely to occur, is called the relevant range. It is a certain activity that is implemented which is being bounded by a maximum and minimum value.
7 0
3 years ago
Other questions:
  • Frantic Fast Foods had earnings after taxes of $970,000 in 20X1 with 378,000 shares outstanding. On January 1, 20X2, the firm is
    5·1 answer
  • As the name monopolistic competition implies, a firm’s decisions in this setting will in certain ways resemble ______________ an
    5·1 answer
  • Concrete hardens best when it is
    7·1 answer
  • Automobile dealerships have invested significant time, effort, and money in their websites. Dealerships commonly measure website
    15·1 answer
  • A monthly fixed rate mortgage payment
    15·2 answers
  • Regarding the major trading partners of the United States A. the top 10 accounted for nearly 50 percent of total U.S. goods expo
    7·1 answer
  • Lopez Corporation incurred the following costs while manufacturing its product.
    14·1 answer
  • Firms will hire additional workers as long as the nominal wage: A. is less than the marginal product of labor. B. equals the mar
    10·1 answer
  • At December 31, 2017 Sheridan Company had 294000 shares of common stock and 9500 shares of 6%, $100 par value cumulative preferr
    11·2 answers
  • Can't we run a business without training?<br>​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!