Callie Zimmerman purchased 100 shares of a toy company stock at $12.58 per share. Her online stock broker charged $0.04 per share for commission. What is the total cost of the stock? A. $1,397 B. $1,262 C. $1,554 D. $2,982

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Expert answered|jenzig|Points 30|

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Asked 12/5/2010 1:23:14 AM

Updated 63 days ago|1/13/2025 9:55:17 AM

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cruz30

Total Cost = (Number of shares x Price per share) + Commission
Total Cost = (100 shares x $12.58 per share) + (100 shares x $0.04 commission per share)
Total Cost = ($1258) + ($4)
Total Cost = $1262
Therefore, the correct answer is: $1,262

Added 63 days ago|1/13/2025 9:55:17 AM

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Luisa Perez had a balance of $541.82 in her checking account on January 7. On January 10 she wrote a check to Marty's Hair Salon for $27.19. What is her new balance? A. $494.63 B. $569.01 C. $514.63 D. $27.19

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Solution:
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New balance = Previous balance - Check amount
New balance = $541.82 - $27.19
New balance = $514.63

So, Luisa Perez's new balance is $514.63,

Added 2/23/2024 12:08:44 PM

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