Asked by Tycen Martin on Apr 24, 2024
Verified
Cynthia bought 200 shares of Atlantic stock at $14.70 and 100 shares of ITT stock at $18.25. Commission charges were $0.20 per share. Compute the total cost of the purchase.
Commission Charges
Fees paid to agents or brokers for their services in facilitating transactions, usually calculated as a percentage of the transaction value.
Total Cost
The complete amount of money spent on a project or product, including all associated expenses such as manufacturing, labor, materials, and overhead.
- Compute the overall expenses incurred in buying shares, factoring in commissions.
Verified Answer
DK
Learning Objectives
- Compute the overall expenses incurred in buying shares, factoring in commissions.