Ryan Neal bought 1,200 shares of Ford at $15.98 per share. Assume a commission of 2%...
Ryan Neal bought 1,200 shares of Ford at $15.98 per share. Assume a commission of 2% of the purchase price. Ryan sells the stock for $22.25 with the same 2% commission rate. What is the gain or loss for Ryan? (Input the amount as a positive value. Round your answer to the nearest cent.)
Homework Answers
Purchase cost = Price+ commission
= 15.98+2% = $16.2996
Net Proceeds from sale = 22.25 - 2% = $21.805
Gain = (Sale Price - Purchase cost)*Number of shares
= (21.805 - 16.2996)*1200
= 6,606.48
Add Answer to:
Ryan Neal bought 1,200 shares of Ford at $15.98 per share.
Assume a commission of 2%...
! Required information [The following information applies to the questions displayed below.) John bought 1,600 shares...
! Required information [The following information applies to the questions displayed below.) John bought 1,600 shares of Intel stock on October 18, 2015, for $42 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $60.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 1,600 shares of Intel stock? Adjusted basis Required information [The following information applies to the...
Required information [The following Information applies to the questions displayed below.) John bought 2,000 shares of...
Required information [The following Information applies to the questions displayed below.) John bought 2,000 shares of Intel stock on October 18, 2014, for $50 per share plus a $750 commission he paid to his broker. On December 12, 2018, he sells the shares for $72.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,000 shares of Intel stock? Adjusted basis Required Information [The following information applies to the questions...
Diana bought 1,500 shares of Dalton Protection, Inc., common stock for $10 per share. She paid...
Diana bought 1,500 shares of Dalton Protection, Inc., common stock for $10 per share. She paid her broker a $300 commission to close the purchase. The following year, Diana sold 1,000 of the shares for $17 per share and paid a commission of $175 on the sale. What is Diana's capital gain on the sale of the stock?
Required information (The following information applies to the questions displayed below.) John bought 2,050 shares of...
Required information (The following information applies to the questions displayed below.) John bought 2,050 shares of Intel stock on October 18, 2015, for $51 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $74.00 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,050 shares of Intel stock? Adjusted basis Required information The following information applies to the questions...
1 Problem 2 (25 points) 2 You just bought 200 shares of Ford stock for $5...
1 Problem 2 (25 points) 2 You just bought 200 shares of Ford stock for $5 a share. You do not anticipate the stock price of Ford to change over 3 the course of next year. You have acquired shares because Ford pays large dividends. Given this view you decide 4 to enter an option position to further increase your income. Assume that the excercise price is $5 a share for both 5 put and call; call price is $0.85...
Assume you just purchased 300 shares of Home Depot at $47.33 per share, and 50 percent...
Assume you just purchased 300 shares of Home Depot at $47.33 per share, and 50 percent of this was purchased on the margin." a. Determine your contribution to this transaction: Total cost Amount borrowed Contribution b. What would happen to your investment if the price of Home Depot stock rose to $61.58 per share ignoring any possible dividends)? Total value Loan Margin What was your profit? c. What would happen to your investment if the price of Home Depot stock...
(25) Katia Kool bought 622 shares of a Grade A stock at $21.77 per share and...
(25) Katia Kool bought 622 shares of a Grade A stock at $21.77 per share and she must pay her broker 2.625% commission on the transaction. Betty Boop bought 622 shares of a Grade B stock at $12.44 per share and she must pay her broker 2.125% commission on the transaction. Design (write your pseudocode), code, and test a program that calculates and displays for each transaction 1) the client name and Grade of stock, 2) the amount paid for...
Assume that a company paid $5 per share to purchase 1,200 shares of its $4 par...
Assume that a company paid $5 per share to purchase 1,200 shares of its $4 par common stock as treasury stock. The purchase of treasury stock A. decreased total equity by $6,000. O B. decreased total equity by $4,800. c. increased total equity by $6,000. D. increased total equity by $4,800.
A company purchases 500 shares of $25 par value common stock for $43 per share. In...
A company purchases 500 shares of $25 par value common stock for $43 per share. In addition, the broker charges a commission of $750. 100 of these shares are sold for $49.00 per share. The broker charges a commission of $50 for this sale. What is the amount of gain or loss on the sale? $600 gain $600 loss $9,250 loss $12,750 gain
Assume that a company paid $5 per share to purchase 1,200 shares of its 54 par...
Assume that a company paid $5 per share to purchase 1,200 shares of its 54 par common stock as treasury stock. The purchase of treasury stock O A. decreased total equity by 56,000 O B. decreased total equity by 54,800 O C. Increased total equity by $6,000. O D. increased total equity by 54,800
! Required information [The following information applies to the questions displayed below.) John bought 1,600 shares of Intel stock on October 18, 2015, for $42 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $60.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 1,600 shares of Intel stock? Adjusted basis Required information [The following information applies to the...
Required information [The following Information applies to the questions displayed below.) John bought 2,000 shares of Intel stock on October 18, 2014, for $50 per share plus a $750 commission he paid to his broker. On December 12, 2018, he sells the shares for $72.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,000 shares of Intel stock? Adjusted basis Required Information [The following information applies to the questions...
Required information (The following information applies to the questions displayed below.) John bought 2,050 shares of Intel stock on October 18, 2015, for $51 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $74.00 per share. He also incurs a $1,000 fee for this transaction. a. What is John's adjusted basis in the 2,050 shares of Intel stock? Adjusted basis Required information The following information applies to the questions...
1 Problem 2 (25 points) 2 You just bought 200 shares of Ford stock for $5 a share. You do not anticipate the stock price of Ford to change over 3 the course of next year. You have acquired shares because Ford pays large dividends. Given this view you decide 4 to enter an option position to further increase your income. Assume that the excercise price is $5 a share for both 5 put and call; call price is $0.85...
Assume you just purchased 300 shares of Home Depot at $47.33 per share, and 50 percent of this was purchased on the margin." a. Determine your contribution to this transaction: Total cost Amount borrowed Contribution b. What would happen to your investment if the price of Home Depot stock rose to $61.58 per share ignoring any possible dividends)? Total value Loan Margin What was your profit? c. What would happen to your investment if the price of Home Depot stock...
Assume that a company paid $5 per share to purchase 1,200 shares of its $4 par common stock as treasury stock. The purchase of treasury stock A. decreased total equity by $6,000. O B. decreased total equity by $4,800. c. increased total equity by $6,000. D. increased total equity by $4,800.
A company purchases 500 shares of $25 par value common stock for $43 per share. In addition, the broker charges a commission of $750. 100 of these shares are sold for $49.00 per share. The broker charges a commission of $50 for this sale. What is the amount of gain or loss on the sale? $600 gain $600 loss $9,250 loss $12,750 gain
Assume that a company paid $5 per share to purchase 1,200 shares of its 54 par common stock as treasury stock. The purchase of treasury stock O A. decreased total equity by 56,000 O B. decreased total equity by 54,800 O C. Increased total equity by $6,000. O D. increased total equity by 54,800
Most questions answered within 3 hours.
-
1. What is the meaning of the term communication style?
2. What are the benefits to...
asked 12 minutes ago -
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 36 minutes ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 1 hour ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 53 minutes ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 2 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 2 hours ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 3 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 4 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 6 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 6 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 8 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 8 hours ago