Suppose that you owned 1000 shares of stocks in SM. You purchased the shares at a priceof Php856 per share and sold them at the closing price of the stock at Php835.2.a) ignoring dividends, what was you profit or loss on the sale of the stock?b) if your broker charges 1.9% of the total sale price, what was the broker'scommission?

Name: Suppose that you owned 1000 shares of stocks in SM. You purchased the
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Description: Suppose that you owned 1000 shares of stocks in SM. You purchased the shares at a priceof Php856 per share and sold them at the closing price of the stock at Php835.2.a) ignoring dividends, what was you profit or loss on the sale of the stock?b) if

Purchase value = 1,000 x 856 = 856,000 Sales value = 1,000 x 835 = 835,000

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2. Suppose that you owned 1000 shares of stocks in SM. You purchased the shares at a price of Php856 per share and sold them at the closing price of the stock at Php835. a) ignoring dividends, what was you profit or loss on the sale of the stock? b) if your broker charges 1.9% of the total sale price, what was the broker's commission?

2. Suppose that you owned 1000 shares of stocks in SM. You purchased the shares at a price of Php856 per share and sold them at the closing price of the stock at Php835. a) ignoring dividends, what was you profit or loss on the sale of the stock? b) if your broker charges 1.9% of the total sale price, what was the broker's commission?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 12MCQ

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