Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B.Stock Symbol: ZCONumber of Shares: 50Transaction Type: Broker-AssistedThe cost for the stock purchase is S (Simplify your answer.) Stock TableCompanyFarmer's BankMagna BankIncentive CorpZodiac CorpSecond BankCloseSymbol OpenFABMGNITEZCOSNDHigh[Tow99.12 105.53100.52 108.39243.71 250.63 225.66 232.97192.99 201.39 184.64 192.78196.89 213.42 194.24 206.05196.09 204.73 183.17 188.58%NetChange Change-2.751.466.926.322.34- 1.41%0.07%1.35%0.84%0.24%52-WK 52-Wk Annual DividendHigh Low Div Yield94.67 2.16106,450,500 111.9937,963,400 257.67 205.86 1.373.0397,576,200 212.25 179.9587,861,000 220.39 177.21 0.342,699,400 214.94 168.02 0.00VolumePE0.06% 17.290.03% 13.880.03% 22.640.05% 18.950.00% 27.27YTD %Change11.77%1.19%3.99%-3.83%-6.93% Broker Commissions TableBrokerage Firm ABrokerage Firm BBrokerage Firm CBroker Commissions TableAutomated (Online) Automated (Phone)$4.95$7.95$5.95$11.95$36.99$9.95Broker-Assisted$32.95$46.99$29.95

A closing price represents the last transaction value at the end of a particular trading day. It…

Answered: Find the cost, at the day's closing…

Business

Finance

Find the cost, at the day's closing price, for the stock purchase

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.11C

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Question

Find the cost, at the day's closing price, for the stock purchase below. Include typical discount broker commissions as described in the table, using Broker B. Stock Symbol: ZCO Number of Shares: 50 Transaction Type: Broker-Assisted The cost for the stock purchase is S (Simplify your answer.)

Stock Table
Company
Farmer's Bank
Magna Bank
Incentive Corp
Zodiac Corp
Second Bank
Close
Symbol Open
FAB
MGN
ITE
ZCO
SND
High
[Tow
99.12 105.53
100.52 108.39
243.71 250.63 225.66 232.97
192.99 201.39 184.64 192.78
196.89 213.42 194.24 206.05
196.09 204.73 183.17 188.58
%
Net
Change Change
-2.75
1.46
6.92
6.32
2.34
- 1.41%
0.07%
1.35%
0.84%
0.24%
52-WK 52-Wk Annual Dividend
High Low Div Yield
94.67 2.16
106,450,500 111.99
37,963,400 257.67 205.86 1.37
3.03
97,576,200 212.25 179.95
87,861,000 220.39 177.21 0.34
2,699,400 214.94 168.02 0.00
Volume
PE
0.06% 17.29
0.03% 13.88
0.03% 22.64
0.05% 18.95
0.00% 27.27
YTD %
Change
11.77%
1.19%
3.99%
-3.83%
-6.93%

Broker Commissions Table
Brokerage Firm A
Brokerage Firm B
Brokerage Firm C
Broker Commissions Table
Automated (Online) Automated (Phone)
$4.95
$7.95
$5.95
$11.95
$36.99
$9.95
Broker-
Assisted
$32.95
$46.99
$29.95

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