Question: the correct answer is 25 but i need to know how to calculate it The commission structure on a stock purchase is $15 plus $0.02

the correct answer is 25 but i need to know how to calculate it

The commission structure on a stock purchase is $15 plus $0.02 per share. If you purchase five round lots of a stock selling for $50, what is your commission? $15 $25 $5 $10

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Allen Moving and Storage prepared the following income statement for 2 0 1 8 : CHECK FIGURE ( 2 ) Break - even sales = $ 4 , 8 3 8 , 4 8 5 Revenues: Local: $ 1 , 4 3 3 , 5 0 0 Intra - province: $ 5 1...

Choose the correct answer 6. Glavine Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a...

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

1. Regression analysis is being used to find the line of best fit (y=a + bx) from eleven pairs of data. The calculations have produced the following information: EX=440, y=330, EX2 =17,986, Zy2...

TONY AND PEPPER STARK O Income Tax Case Analysis PERSONAL INFORMATION AND BACKGROUND Tony and Pepper have been married for 5 years. They have one son named Anthony who is 2 years old. Last summer....

1. Texas Roadhouse (TXRH) is rapidly expanding into new markets and had sales of $1,263M in 2012. Suppose you expect sales to grow at a 15% rate in 2013, but this rate will slow by 2% per year to a...

Can I have an explanation please, question is very confusig, thanks in advance! Two years ago you purchased 100 shares of a company your purchase was the sh, for at cost of $70 pete her one year the...

N 1 Compute the interest and taxable income of following TIPS 10-year note at the end of the first 6 months since issuance. Terms of TIPS 10-year note are: 1) Value at issuance (par amount) = $1,000;...

I need help with this assignment using excel sheet. I will provide information sheet with some examples and the last picture will be the assignment. re Q o Calibri 11 B/USA. A B C D 6. Pioneer...

Evaluate the potential gains and losses for forwards,future,call options,put options and swaps. Outline and describe the different risks that each type of derivative contract faces. Describe...

I need help with this assignment using excel sheet. I will provide information sheet with some examples and the last picture will be the assignment. re Q o Calibri 11 B/USA. A B C D 6. Pioneer...

What are some of the important mechanisms for promoting ethics in a firm?

Two cars have speakers mounted on their roofs which play identical have identical frequency of 450 Hz. One of the cars is moving with a speed of 14.5 m/s toward a stationary observer on the roadside,...

Jeremiah corporation purchased debt securities during 2 0 3 4 and classified them as securities available for sale all declines are considered to be temporary how much gain will be reported

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...