Asked by Tempyst Douglas on May 25, 2024
Verified
Kevin sold 250 shares of Mountain stock at $23; 325 shares of ADS stock at $30; and 95 shares of Liberty stock at $43. Commission charges were $0.20 per share. Compute the proceeds of the sale.
Commission Charges
Fees paid to an agent or company for facilitating or completing a sale, often a percentage of the sale price.
Proceeds
The total amount of money received from a transaction or event, often after costs or other deductions are accounted for.
- Ascertain the net income obtained through the disposition of equities, inclusive of commission expenses.
Verified Answer
LB
Learning Objectives
- Ascertain the net income obtained through the disposition of equities, inclusive of commission expenses.