How do calculate the income received from buying

Assignment Help Accounting Basics
Reference no: EM133006705

Question - During the year 2020, James sold 2,000 shares of the Great Bank of Canada (a publicly traded company) that he acquired over the last 10 years with an average cost of $21.00 per share. The shares were sold on June 1, 2020 at a price of $72.00 per share, on which a 1% commission was paid to a broker ($0.72 per share). How do calculate the income received from buying, selling and paying the commission for the shares here?

Reference no: EM133006705

Questions Cloud

How much should be the minimum lease amount to break-even : Wolfson Inc. is considering to lease a new computer sever that costs £1,800. How much should be the minimum lease amount to break-even
Calculate the expected cost per unit of the new product : The company usually expect a profit margin of 30% on products. Calculate the expected cost per unit of new product and identify any cost gap that might exist
On what date Cassie turnover exceed VAT Registration limit : On what date did Cassie's turnover exceed the VAT Registration limit? Provide your workings and an explanation
Calculate the carrying amount of the machine : f the straight-line method was used and the machine was sold at the end of year 2 for $110,000, calculate the carrying amount of the machine at the end of year
How do calculate the income received from buying : During the year 2020, James sold 2,000 shares of the Great Bank of Canada. How do calculate the income received from buying
How long will it take to quadruple your initial investment : If you deposit money today in an account that pays 5% annual interest, how long will it take to quadruple (four times) your initial investment
What will be the effect on profit of accepting the order : On the other hand, the company in China is willing to pay only $129 per unit. What will be the effect on profit of accepting the order
Calculate the practice gross revenue for the current year : The patient billings included $10,000 for work that had been done in the previous year. Calculate the practice's gross revenue for the current year
What the gross profit rate : The car traded-in has a wholesale value of P960,000 after expending reconditioning cost of P180,000. What the Gross profit rate in 20x1

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd