Melanie purchased 621 shares of Animite Energy at $30. 60 apiece. When the price hit $36. 23 per share, Melanie sold her holdings in Animite Energy. Melanie’s broker charges $48 for each $1,000 of stock bought or sold. How much profit did Melanie make? a. $1,504. 17 b. $22,498. 83 c. $3,496. 23 d. $1,992. 6.
Answers
Correct answer is (D) $1,992.6. Melanie purchased 621 shares of Animite Energy at $30.60 apiece, and when the price hit $36.23 per share, Melanie sold her holdings in Animite Energy. Melanie's broker charges $48 for each $1,000 of stock bought or sold.
To determine the total purchase price of the Animite Energy shares, multiply the number of shares bought by the purchase price per share, that is,$30.60 x 621 = $18,998.20 Similarly, to calculate the total sales price of the Animite Energy shares, multiply the number of shares sold by the selling price per share, that is,$36.23 x 621 = $22,495.83 In total, Melanie sold the Animite Energy shares for $22,495.83 and purchased them for $18,998.20. So, to determine the profit made from selling the shares, we will need to subtract the total purchase price from the total sales price:Profit = Total sales price - Total purchase price = $22,495.83 - $18,998.20 = $3,497.63 To determine the total brokerage charges, first, calculate the amount of stock sold:621 x $36.23 = $22,495.83 Then, divide the total sales price by $1,000:$22,495.83 ÷ $1,000 = 22.49 So, Melanie would be charged for 23 units of $48 brokerage fees per unit:$48 x 23 = $1,104
Therefore, the total profit made by Melanie will be the profit from selling the Animite Energy shares minus the total brokerage fees: $3,497.63 - $1,104 = $2,393.63 Thus, Melanie made a profit of $2,393.63 from the sale of the Animite Energy shares after paying the brokerage fees. Therefore, the closest option is D. $1,992.6.
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Related Questions
On December 28, Kerr Manufacturing Co. purchased goods costing $50,000. The terms were F.0.B. destination. Some of the costs incurred in connection with the sale and delivery of the goods were as follows.
Packaging for shipment $1,000
Shipping 4,500
Special handling charges 2,000
These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory?
Answers
Explanation: This is why I believe the answer is $50,000
- When the shipping terms are FOB
destination, the seller has the responsibility of all costs of
transporting the goods to the buyer.
Therefore, the seller is responsible for the
payment of packaging costs ($1,000),
shipping costs ($4,500), and the special
handling charges ($2,000). The only
amount to be included as the buyer's cost
of the inventory purchased is the purchase
price ($50,000).
HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answers
Answer:inflation
Explanation:
Which of the following is not a common audit procedure used to search for contingent liabilities?
A) examine letters of credit
B) examine payroll reports
C) review internal revenue agent reports
D) analyze legal expense
Answers
The audit procedures used to search for contingent liabilities include; examining letters of credit, reviewing payroll reports, analyzing legal expenses, and reviewing internal revenue agent reports. Therefore, the option that is not a common audit procedure used to search for contingent liabilities is option B) examines payroll reports.
Contingent liability is the potential obligation that may or may not be incurred depending on the outcome of a future event, such as a pending lawsuit. During the audit process, auditors often search for contingent liabilities. In order to search for contingent liabilities, the auditors perform a number of audit procedures such as:
Examine Letters of Credit: It is a letter from the bank that guarantees payment to the seller in the event that the buyer does not fulfill their obligation. Examining letters of credit can help the auditor determine whether the company has any outstanding commitments.
Review Payroll Reports: The payroll reports help the auditor determine whether the company has any obligations related to employee compensation and benefits. However, it is not a common audit procedure used to search for contingent liabilities.
Analyze Legal Expense: The analysis of legal expenses is used to identify any pending litigation that could result in a contingent liability. By reviewing legal expenses, the auditor can identify any potential obligations that may arise if the company loses the lawsuit.
Review Internal Revenue Agent Reports: Reviewing the reports from the internal revenue agent can help the auditor identify any potential tax obligations. The auditor can then determine whether these obligations would result in a contingent liability. Therefore, examining payroll reports is not a common audit procedure used to search for contingent liabilities.
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Which act governs and restricts the scope and activities of labor relations? a) NLRA b) Wagner Act c) Tart-Hartley Act d) Landrum-Griffin Act
Answers
The act that governs and restricts the scope and activities of labor relations is the Landrum-Griffin Act. Option D is the answer.
The Landrum-Griffin Act is a United States federal law that deals with labor unions' regulation and operation. The act is also known as the Labor-Management Reporting and Disclosure Act (LMRDA) of 1959, and it amends the National Labor Relations Act (NLRA) and the Railway Labor Act (RLA).
The act aims to ensure that the conduct and affairs of labor organizations are free of corruption and corrupt influences. It was sponsored by Senator John L. McClellan and Congressman Phillip Landrum, who wanted to clean up and regulate the Teamsters Union's leadership, which was corrupt and mafia-dominated.
Option D is the answer.
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Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answers
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
Jaya i the middle of three ibling whoe age are conecutive even integer. If the um of their age i 84, find Jaya’ age
Answers
Jaya is the middle sibling among three, whose ages are all consecutive even numbers. Jaya's age, which is the middle age among the three siblings if their age is 84, is 28.
When two numbers follow one another, what does that mean?Consecutive numbers are those that come after one another in order. Each number pair has a 1 difference between them. In the case of a series of numbers, the mean and median are equal. If there is a number n, n, n+1, and n+2 would follow. Examples. 1, 2, 3, 4, 5.
a definition of an integer1, 2, and 3 are all integers because they do not contain any fractions or decimals. A whole number without any fractional or decimal components is known as an integer.
The three siblings' ages change in chronological order, which is referred to as consecutive ages.
Suppose the youngest sibling is X years old.
Age of the next sibling is X+1.
Age of the final sibling is X+2.
sum of their ages=X+X+1+X+2
sum of their ages=3X+3
sum of their ages=84
84=3X+3
84-3=3X
X=(84 - 3)/3
X = 27 years old for the youngest child
The following sibling is 28 years old.
the oldest child's age is 29.
28 (27+28+29) is the middle age.
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what is the proper format for a letter?
Answers
The proper format for a letter includes several elements like Your contact information, Recipient’s contact information, Salutation, Signature, Enclosures, CC line etc.
Letters typically structured as follows:
Your contact information, Your name, address, phone number, and email address should be included at the top of the letter. You can also include the date, which should be placed below your contact information.
Recipient’s contact information, Include the name and address of the person or organization you are writing to. You should also include the recipient's job title or department (if applicable).
Salutation, Begin the letter with a formal greeting, such as “Dear Mr./Ms./Dr. [Last Name]” or “To Whom It May Concern” if you do not know the recipient’s name.
Body of the letter, This is where you write the main content of your letter. Use clear and concise language to convey your message, and organize your thoughts into paragraphs. Be sure to use a professional and courteous tone.
Closing, End the letter with a closing such as “Sincerely,” “Best regards,” or “Thank you.” This should be followed by a comma.
Signature, Below the closing, leave a few blank lines to sign your name by hand. If the letter is being typed, you can include a scanned or electronic signature.
Enclosures, If you are including additional documents with your letter, such as a resume or a brochure, you can list them under the signature line.
CC line, If you are sending a copy of the letter to someone else, you can include a "CC" line at the bottom of the letter, which lists the names and addresses of the people who will receive a copy.
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1. Visit a website for a company that sells products or services online. Then go to that company's
corporate website. Compare the product/service sales site with the corporate site. Describe at least three
differences between them.
Answers
Answer:
The company being examined here is Amazon.
Their corporate website is: aboutamazon.com/
while their product sales site is amazon.com
Explanation:
The various differences are:
1. the corporate is much easier on the eyes than the product sales website
2. the corporate website contains more information on the company and its corporate activities whilst the sales website is focused on the various categories of products available for sale by the company.
3. the sales website has e-commerce functionalities, the corporate does
Cheers
Explain in detail two engagments. ASAP
Answers
Answer:
easy a
Explanation:
easy a
As a smart consumer, you are always on the lookout for sales, coupons, and rebates. While shopping for new clothes, you notice that one particular brand of shirts is on sale for 20% off the original price. You also have a coupon for $10 off a $40 purchase. Coupons are applied after the 20% discount is taken. If each shirt originally costs $17.99, how many shirts would you need to buy to be able to use your coupon? Show your work
Answers
Answer:
3 shirts
Explanation:
The cost of one shirt is before discounts is $17.99
After a 20% discounts, the shirt will retail at
= $17.99 - (20% of $17.99)
=$17.99 -$3.598
=$14.392
The coupon applies purchases worth $40. A customer will need by
=$40/$14.392
=2.7793
The customer has to buy 3 shirts
Bob has a great idea for a new device to help people find their keys when they lose them. He gets a small business loan from his bank, rents a factory, hires
workers, and begins producing his product. After two years, his business is so successful he decides to "go public," selling shares of his company to
investors in order to develop different products. Which term best describes Bob?
Answers
Bob can be described as an entrepreneur.
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The United States has raised the taxes on tomatoes imported from Mexico. These taxes are an example of a(n) Group of answer choices subsidy referendum antidumping policy. local content requirement. tariff.
Answers
The taxes by the United States are an example of tariff.
Where does the US get tomatoes?
The country of Mexico is known to be the leading exporter of fresh tomatoes to the United States.
A tariff is known to be the tax imposed by a country on the goods and services that is been imported from another country.
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Tom, a customer care executive, receives an order of 25 personal computers from a customer who wants the goods to be delivered to him in two days. Tom needs to inform the customer of that there will be a delay in shipping goods in bulk in such a short span of time. In order to maintain trust, Tom should: _________
a. update the customer only when they enquire on the delay in the shipment.
b. update the customer regarding the delay as per his own convenience.
c. update the customer regularly and keep the customer informed of any further delay
d. update the customer only when he or she raises a complaint regarding non-receipt of goods.
Answers
Answer:
b. update the customer regarding the delay as per his own convenience.
Based on the given information, Tom should update the customer regarding the delay at his own convenience. Thus the correct option is B.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
In the given case, it is explained that A customer orders 25 personal computers for Tom, a customer service representative, and requests that the items be delivered to him in two days.
Now it is observed that the order is getting delayed, in order to maintain trust with the customer he should inform the client of the delay at his earliest possible opportunity to avoid any dissatisfaction among customers.
Customer satisfaction is the key to the success of any business which can be achive through better customer service. If any delay is caused it is better to inform than to create any misunderstanding or confusion for later.
Therefore, option B is appropriate.
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the banking industry is heavily regulated because a. banking is a monopoly industry. b. most banks are owned by government agencies. c. bankers do what is best for their stockholders, not necessarily what is best for the economy. d. all of the above are correct.
Answers
The banking industry is heavy regulated because bankers do what is best for their stockholders, not necessarily what is best for the economy. So, the correct option is (c).
The banking industry consists of networks of financial institutions known as banks that assist individuals in storing and using their money. Customers of banks have the option to open accounts for various uses, such as saving or investing their funds. The banking industry contributes to the economy by giving people, families, and organizations access to resources for activities and investment. One method the banking industry uses to accomplish this is by planning and allocating loans for candidates that they may use for things like buying real estate, starting a business, or paying for college.
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Does the amount of effort that you put into your courses increase or decrease the marginal cost of your education? Explain your answer. PLEASE HELP!
Answers
The amount of effort that you put into your courses increases the marginal
cost of your education.
Marginal cost refers to the incremental cost which is accrued as a result of
increase in goods and services.
In this scenario, amount of effort put into courses entails more time and
money spent from buying of books and other materials. This therefore
depicts an increase in the incremental and marginal cost.
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Creating
public awareness about goods
produced by a company
responsibility of which
department?
A. Mechanical.
B. Marketing.
C. Personnel.
D. Production.
E. Administrative.
Answers
Answer:
I think production
hope it helps
name an internal data source that can be used for planning
Answers
Answer:
Sales. Internal data in the sales department include revenue, profits, and bottom line. ...
Finance. ...
Marketing. ...
Human Resource.
If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.
Answers
If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
What is opportunity cost?Opportunity cost is an economist term for expressing cost in terms of foregone alternative.
It is the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
Hence, If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
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You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?
Answers
Answer:
658
Explanation:
if the head of a company has political economic or social views which you learn about and find problematic, is it ethical to boyCott publicly or privately?
Answers
which type of retail space has an anchor store and commonly has approximately three miles of trade space, often has service businesses, such as dry cleaners, hair salons, and convenience stores?
Answers
The sort of retail space has an anchor shop and often has three miles of trade space, as well as service companies such as dry cleaners, hair salons, and convenience stores is Neighborhood centers.
What is the meaning of retail store?A retail shop is a location of business that is normally owned and operated by a retailer, but can also be owned and operated by a manufacturer or someone other than a retailer, and where products are largely sold to end users.
In the retail space industry, supply may be defined as the total square footage of leased retail space in the trade area by a given type of user, or, in other words, the current competition for the user type. For example, the total floor area of competing sports goods stores in the market region would represent the supply of sports stores.
This sort of retail area often contains an anchor shop and around three miles of trade space, as well as service businesses such as dry cleaners.
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Gaby lives one hour away from work and wants to make the most of her commute time to work on her business plan for her side hustle. Which mode of transportation makes the most sense for her while also saving on commute costs?
Answers
Answer: Taking the train.
Explanation:
The options to the question include:
a. Driving her car
b. Biking to work
c. Taking an Uber
d. Taking the train
Since Gaby lives one hour away from work and wants to make the most of her commute time to work on her business plan for her side hustle while also saving for commute cost, the ideal mode of transportation that she should use is the train.
Driving her car to work, biking to work or taking an Uber will be costlier than taking a train which is quite cheaper when compared to others.
a company issues 10% bonds with a par value of $180,000 at par on january 1. the market rate on the date of issuance was 9%. the bonds pay interest semiannually on january 1 and july 1. the cash paid on july 1 to the bondholder(s) is:
Answers
The cash paid on july 1 to the bondholder(s) is: 105700-102000= 3700 (gain)
The par value of the bond= is 180000
coupon rate= of 10%
market rate= 9%
Interest paid on July 1 (for 6 months) = par value of bond* coupon rate
= 180000*10%/2= 9000
Debt to equity ratio= total debt / total equity
Total debt= 15925000
Total equity= 12250000
Debt to equity ratio= 15925000/12250000= 1.3
Gain or loss on retirement of bond= Carrying value (-) amount payable on retirement
carrying value= 105700
the amount payable on retirement= 102000
gain or loss on retirement = 105700-102000= 3700 (gain).
Notes are issued as tradable bonds. The bond issuer is the borrower and the bondholder or buyer is the lender. Upon maturity of the Notes, the issuer of the Notes shall return to the Noteholders the par value of any Bookkeeping Notes or Bank Notes under this Agreement, and Section 2.5(a) in return for the purchase of the
Notes hereunder, by any Investor or Bondholders, receive periodic interest payments known as coupons. Quarterly, semi-annual, or yearly coupon payments are intended to provide investors with regular and predictable income.
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4. You work for Modmfg as an internal accountant. Modmfg is a very successful sole proprietorship. During the year, Peter Proprietor sells his business, Modmfg, to Newton Owner. Owner asks you to stay
Answers
As an internal accountant for Modmfg, a successful sole proprietorship, you are approached by Newton Owner, who has purchased the business from Peter Proprietor. Owner requests that you remain in your position.
In this scenario, there are several steps to consider:
1. Understand the nature of the sale: Determine the terms and conditions of the business sale between Peter Proprietor and Newton Owner. This includes the purchase price, assets involved, liabilities, and any legal agreements.
2. Evaluate the impact on financial records: Assess how the sale will affect the financial records of Modmfg. This may involve adjusting the books to reflect the change in ownership and transferring assets and liabilities to the new owner.
3. Discuss your role with Newton Owner: Engage in a conversation with Newton Owner to clarify your responsibilities and expectations going forward. Understand any changes in reporting structures, financial decision-making, and communication channels.
4. Consider employment terms: Negotiate your new employment terms with Newton Owner, such as salary, benefits, and job responsibilities. Ensure that both parties are clear about the terms and conditions of your continued employment.
It is important to note that this answer is a general overview and the specific details of the situation may vary. Always consult the relevant legal and accounting professionals for accurate and specific guidance.
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sean o'brien just sold his personal residence for $185,000. his adjusted basis is $170,000. he will pay 6% of the sales price in brokerage fees and $3,500 in closing costs. for federal income tax purposes, what is the amount of sean's capital gain?
Answers
$400 is the amount of Sean's capital gain for federal income tax purposes.
Closing costs are the additional costs that buyers and sellers typically pay in order to finish a real estate transaction. Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed registration fees, and credit report fees are a few examples of these expenses.
Closing expenses can account for between 3 and 6% of the loan balance. This means that if you take out a mortgage worth $200,000, you can expect closing costs to be about $6,000 – $12,000.
Sean earned $15,000 on the sale of the house ($185,000 -$170,000 = $15,000)
$185,000 x .06 Commission = $11,100
$11,100 + $3500 closing costs = $14,600
$15,000 gross - $14,600 expense = $400 capital gain.
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businesses use to save on travel costs and lodging, car fleets, and the time of highly salaried employees incurred on bringing together employees working in different organizations or at different sites in the same organization.
Answers
Businesses utilise video conferencing to reduce the time and expense of highly paid personnel as well as travel and hotel expenses incurred when bringing together individuals from other organisations or locations within the same firm.
What is the meaning of video conferencing?
Video conferencing is live, visual connection between two or more remote parties over the internet that simulates a face-to-face meeting. Video conferencing is significant because it connects individuals who ordinarily could not interact face-to-face.
At its most basic level, videoconferencing allows for the transmission of text and images between two people. Video conferencing is the conduct of a video meeting between two or more people in separate locations using computer networks to transmit both audio and video data.
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Need Help
Ted is a single guy who’s living the good life. The spreadsheet below shows Ted’s cash flow for a month.
Based on his monthly cash flow, explain what part of Ted’s financial plan might be missing and why.
Answers
Answer:
Ted's net cash flow is zero. Therefore, he might want to work on managing his income to get a positive net cash flow. There is no indication that Ted is putting any money in savings.
Hope it helps!
Aaron Heath is seeking part-time employment while he attends school. He is considering purchasing technical equipment that will enable him to start a small training services company that will offer tutorial services over the Internet. Aaron expects demand for the service to grow rapidly in the first two years of operation as customers learn about the availability of the Internet assistance. Thereafter, he expects demand to stabilize. The following table presents the expected cash flows:
Answers
Aaron needs to take into account a number of considerations when deciding how much money to invest in technological equipment for his small training services business.
He must first determine the predicted rate of growth in demand for his services over the following two years and make sure the equipment he has chosen can handle that expansion. He should also assess the equipment's scalability to meet future demands and prevent the need for constant upgrades. Aaron should also take the industry's technical developments into account and select machinery that is modern and capable of supporting the appropriate level of service quality. Additionally, he needs to evaluate the equipment's cost-benefit ratio, balancing the initial expenditure against anticipated returns and long-term profitability.
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--The complete Question is, What factors should Aaron consider when determining the appropriate level of investment in technical equipment for his small training services company?--
identify two example of how products might be promoted directly to customer using the internet
Answers
Answer: ads while watching tv
Explanation:
You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
Answers
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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