Question: I am coding in Java and I require that each part of the code have comments in order to explain each part of the code.
I am coding in Java and I require that each part of the code have comments in order to explain each part of the code.
Suppose you buy 100 shares of a stock at $12 per share, then another 100 at $10 per share, and then sell 150 shares at $15.
You have to pay taxes on the gain, but exactly what is the gain? In the United States, the FIFO rule holds: You first sell all shares of the first batch for a profit of $300, then 50 of the shares from the second batch, for a profit of $250, yielding a total profit of $550.
Write a program that can make these calculations for arbitrary purchases and sales of shares in a single company. The user enters commands buy quantity price, sell quantity price (which causes the gain to be displayed), and quit. Hint: Keep a queue of objects of a class Block that contains the quantity and price of a block of shares.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
