Asked by SHIVANGI MALHOTRA on May 26, 2024
Verified
Assume a differential rate of 12.5 cents for odd lot sales and purchases. Mark sold 250 shares of PFB stock at $62. Commission charges were $0.20 per share. Compute the proceeds of the sale.
Differential Rate
A rate that varies based on certain conditions or tiers, often used in interest rates or utility billing.
Commission Charges
Fees that are paid to an agent or service provider as compensation for facilitating transactions or services, typically calculated as a percentage of the sale price.
Proceeds
The total amount of money received from a transaction or event, such as the sale of assets or issuance of stock.
- Determine the revenue generated from stock sales, considering the costs of commissions.
Verified Answer
CF
Learning Objectives
- Determine the revenue generated from stock sales, considering the costs of commissions.