Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

Hi I am confused at how they came to this answer below? The cost per stock at a brokerage firm is $0.10. Calculate how much

Hi I am confused at how they came to this answer below?

The cost per stock at a brokerage firm is $0.10. Calculate how much money you

would need to buy 150 shares of HiTech, Inc., which trades at $18.22.

Needed money = ($18.22 + $0.10) x 150

Needed money = $18.32 x 150

Needed money = $27,480.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: J. Chris Leach, Ronald W. Melicher

6th edition

1305968352, 978-1337635653, 978-1305968356

More Books

Students also viewed these Finance questions

Question

★★★★★

Quick Office Supplies $3.8 million cost of inventory at the end of last year was understated by $1.1 million. 1. Was last years reported gross profit of $2.7 million overstated, understated, or...

Answered: 1 week ago

Question

★★★★★

6. What is Australia's balance on services? Australia's Current Account Assumptions (millions of U.S.$) 1998 1999 2000 2001 2002 2003 2004 2005 Goods: exports 55,884 56,096 64.052 63,676 65,099...

Answered: 1 week ago

Question

★★★★★

Use the information in Table 10.15 to compute the odds ratio for ???? = Yes and ???? = No.

Answered: 1 week ago

Question

★★★★★

1. Would you describe the exposure of the Sports Exports Company to exchange rate risk as transaction exposure? Economic exposure? Translation exposure? 2. Jim Logan is considering a change in the...

Answered: 1 week ago

Question

★★★★★

The R Company has annual production of 60,000 units a year. Budgeted operating results for 2020 are as follows: P500,000 P160,000 40,000 Sales (50,000 units @ P10) Variable costs & expenses:...

Answered: 1 week ago

Question

★★★★★

a . As or vecemper s ( the ena or the prior quarter ) , the companys general leager snowea the tollowing account balances: 2 3 . 9 2 points Skipped \ table [ [ , Debits,Credits ] , [ Cash , $ 5 2 , 0...

Answered: 1 week ago

Question

★★★★★

Asmt Analysis 3. Students drop a tennis ball to see how position changes with time in free fall. They measure position with a meterstick and time with a timer. The data they collected is shown....

Answered: 1 week ago

Question

★★★★★

You have just been promoted to the top administrative position in your organization (or any other real organization of your choice). Analyze and describe the existing situation from an organizational...

Answered: 1 week ago

Question

★★★★★

Hunter is a new federal borough of investigation agent who is assigned to Las Vegas. He owns a midnight sedan insured by a personal auto policy. The FBI will not provide Hunter with a car so he will...

Answered: 1 week ago

Question

★★★★★

Research Paper Outline Introduction 1)Non-Compete Agreements- define what is a non compete agreement, history, and why they were created 2) When are these agreements enforceable i.e. definition and...

Answered: 1 week ago

Question

★★★★★

You are managing a medium size construction company suffering from employee absence , staff turnover and low productivity. You want to train you divisional managers to influence their teams to...

Answered: 1 week ago

Question

★★★★★

The following calendar year - end information is taken from the December 3 1 , 2 0 1 5 , adjusted trial balance and other records of Leone Company. \ table [ [ Advertising...

Answered: 1 week ago

Question

★★★★★

What types of issues might a Gen Y employee and an older, more-experienced employee face? How could two people in such a close-knit work arrangement deal with those issues? That is, how could both...

Answered: 1 week ago

Question

★★★★★

What is your impression of an employees first culture? Would this work in other organizations? Why or why not? What would it take to make it work?

Answered: 1 week ago

Question

★★★★★

How might an understanding of organizational behavior help CEO Vineet Nayar lead his company? Be specific. How about first-line company supervisors? Again, be specific.

Answered: 1 week ago

Previous Question Next Question