Aisha Knox paid a total of $1,500 for 75 shares of stock. He sold the stock for $22.50 a share and paid a sales commission of $49.00. What is the profit or loss from the sale?

Q: George bought 1,500 shares of stock LCC on March 7 at Php12. On June 3 of the same year, he sold…

A: Number of shares purchased = 1500 Price per share = 12   Purchase Price = Number of shares purchased…

Q: Oriental Furnishing Company purchased `3,600 shares of Wire &Wire products shares at OR 15 per share…

A: Journal entries are recording of the transaction in the accounting journal in a chronological order.…

Q: Gary purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later for…

A: Total rate of return on the investment is total dollar return divided by initial investment that…

Q: On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15,…

A: The gain or loss on the investment can be computed by finding the difference between sales price…

Q: Jarvis bought a share of stock for $18.75 that paid a dividend of $.45 and sold three months later…

A: Dividend is the share of profit that a company pays to its share holders. The dividend value is pre…

Q: Ed Delahanty purchased 500 shares of Niagara Corporation stock on margin at the beginning of the…

A: A stock is a financial instrument issued by a corporation to raise equity funds from the general…

Q: Ernie’s Electronics had the following transactions with Bert’s Bargain House:1. Ernie sold Bert…

A: The cash flow statement is defined as the financial statement, highlighting the cash inflow and cash…

Q: r corporation has 1,000 shares of common stock outstanding, 200 of which are owned by doug. on june…

A: Redemption means company company buy its own share from shareholders.

Q: "Yesterday travis sold 1,000 shares of stock that he owned for $29 per share. travis purchased the…

A: The share price is the current market price of the share. It is the price of the share at any…

Q: Rowena bought 100 shares of Paper Mill stock at 150 pesos per share. The broker charged her 750…

A: Share is the capital of the company that is described in units. These units could be divided into…

Q: ohn invested $12,000 in the stock of Hyper Cyber Eight years later, Hyper Cyber's shares reached…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Michele bought 850 shares of APPLE at the 52 week low and sold the shares at the 52 week high shown…

A: Given Information Number of Shares bought of Apple =850 Purchase shares at 52 weeks low and sold the…

Q: On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15,…

A: Dividend is an additional income that forms part of the total gain of the investor. Total gain on…

Q: Marilyn sells 200 shares of General Motors stock for $80 per share. She pays a $100 commission on…

A: Introduction:- The following basic information as follows under:- Marilyn sells 200 shares of…

Q: ohn invested $12,000 in the stock of Hyper Cyber Eight years later, Hyper Cyber's shares reached…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: John owns 5, 000 shares of stocks from Easter Union Company. The shares were purchased at ₱47.45 per…

A: Issue of shares is one of the important source of finance being used by the business. Broker charges…

Q: Ben bought 200 shares of a stock at php140 a shares.a year later,he sold the stock at 145.50 a…

A: A stock refers to a security that addresses the responsibility for part of an organization. This…

Q: Justin Thyme is one of three owners of a small spice company. Each owner of the company has 1,000…

A: Earnings per share means net income available for each equity shareholder of the company out of…

Q: Rowena bought 100 shares of Paper Mill stock at 150 pesos per share. The broker charged her 750…

A: In this, we have to calculate the total cost of stock purchase. The cost of stock refers to the…

Q: How much did Mr. Chavez gain?   a. Php33,567.00 b. Php34,024.00 c. Php40,274.00 d. Php65,879.00

A: Capital gain or loss refers to a method which shows the relationship between capital gain and…

Q: For the current year, Work-From-Home Company received a donation of 3,000 shares with a par value of…

A: As per PFRS Treasury stock and a gain or revenue account are increased by the market value of the…

Q: On July 7, Splish Ltd. purchased 1,100 common shares in a privately-owned company named TWR Ltd. As…

A: Journal entries refer to the process of systematically documenting the financial transactions of a…

Q: Two years ago, Clancy purchased 100 shares of a particular company’s stock at a price of $136.55 per…

A: Total gain are sum of dividend income and capital gains.

Q: arvis bought a share of stock for $18.75 that paid a dividend of $.45 and sold three months later…

A: Sell Price = $18.65 Purchase Price = $18.75 Dividend =$0.45

Q: Shott Farm Supplies Corporation purchased 800 shares of General Motors stock at $50 per share and…

A: Cash paid for purchase.

Q: John bought 400 shares of Apple stock on January 1, 2015 for $200 per share with a brokerage fee of…

A: The wash sale rule is applied the stock is repurchased after sale of the same stock within 30 days.…

Q: Ryan Neal bought 1,200 shares of Ford at $15.98 per share. Assume a commission of 2% of the purchase…

A: The sum of all the costs of producing a certain amount of production incurred by a corporation.

Q: On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240…

A: At the time of purchase of investment, the brokerage on purchase becomes the cost of investment and…

Q: If an investor purchased 150 shares of Sunoco stock at $83.43 and the brokers commision was 2.5%,…

A: Stock exchange is a group of broker hence all the stocks that are bought and sold through stocks are…

Q: Raymundo purchased 200 common, shares of Advance Corporation at P55 per share. At the end of the…

A: Dividend is the amount paid to the shareholder’s for their investment in the business. Dividend paid…

Q: Sarah and James Hernandez purchased 160 shares of Cisco Systems stock at $20 a share. One year…

A: Comparing the ending value of investment with initial investment value will inform the total return…

Q: 3. Millet purchases 340 shares of De Leon Company common stock at ₱5,230 per share. A few months…

A: a) Computation of total cost is as follows:(Total number of shares×Purchase…

Q: Ryan Neal bought 1,400 shares of Ford at $15.92 per share. Assume a commission of 2% of the purchase…

A: Given, Number of shares bought = 1,400 Share price = $15.92 Commission = 2% of purchase price

Q: A woman made 7 annual end-of-year purchases of $3500 worth of common stock. The stock paid no…

A: Given information: Present value of stock is $3,500 Number of years is 8 Future value is $38,000

Q: An investor purchased 505 shares of common stock, $23 par, for $19,190. Subsequently, 106 shares…

A: Calculation of gain / loss in the sale of shares  Investor purchased 505 shares for $19190 at $38…

Q: Bryan sold the following shares of stock of domestic corporations which he bought for investment…

A: Capital Gain:-When there is an increase in the value of the Capital assets. it considered being…

Q: During 2021, Tom Sanchez purchased 200 shares of common stock issued by Tri State Manufacturing for…

A: Profit is referred as the financial benefit, which used to realize at the time of the generation of…

Q: EEE has been very successful in operating his business for the last five years. His financial…

A: Working note: Computation of capital of EEE before any adjustment:

Q: V Corp. had 1,000 shares of stock outstanding. The shares are owned by the following individuals:…

A: Stock redemption Corporation' s  own shares  are acquired in exchange for cash or property under…

Q: she sells the shares at ₱7,000. Her stockbroker charges 9% commission on round lots and 5.6% on odd…

A: a) Total cost of the shares  =   280 shares @ 6,400…

Q: JT purchases 1,000 shares of stock at $23.50 per share in January 2006. He sells the 1,000 shares in…

A: In the given question we require to calculate the internal rate of return from the following…

Q: On 1st of January 2016, Ms. Huma purchased 2,400 shares of Bank Nizwa for OMR 0.700. The company…

A: This question deals with the total dividend paid  and value of share. Dividend is a distribution of…

Q: on January 1, T purchased both a bond and stock of CorporationX. The bond was purchased for $10,000,…

A: Stock is a type of collateral that signifies comparable ownership in issuing organization.…

Q: H. Tillman performed legal services for J. Laney. Due to a cash shortage, an agreement was reached…

A: The journal entries are prepared to keep the record of day to day transactions of the business.  The…

Q: Shaylash bought 250 shares of stock at $31.38 per share. Several months later he sold the stock at…

A: The question is based on the concept of calculation for gain or loss on the share transaction post…

Q: Mary owns 5, 000 shares of stocks from Inter-Pacific Company. The shares were purchased at ₱47.45…

A: solution concept On sales of stock when selling price is greater than purchase price there is profit…

Q: At the beginning of the current Year ("Year 1"), C Corporation ("C") had two shareholders, A and B,…

A:

Q: A decedent invested in the stocks of ABC Corporation by Purchasing stocks from an investor who sold…

A: Gross estate:   It is the property or asset of a person that got transferred to its legal hire after…