Find the total amount received for an automated phone sale of 790 shares of AT&T stock at $24.48 per share through Firm B. The SEC fee as of 2/21 is $5.10/1,000,000, round up to the next penny. (Note: this is a HUGE decrease from the previous fee of $22.10/1,000,000! Which is what is used in the notes.) Review stock purchases and sales here. Brokerage Firm A Brokerage Firm B Brokerage Firm C O Amount received: $19,247.26 O Amount received: $19,326.15 O Amount received: $17,836.55 O Amount received: $19,352.25 Automated (online) $0 $0 $0 Automated (phone) $12.95 $12.95 $5 Broker-Assisted $25 $32.95 $25
Find the total amount received for an automated phone sale of 790 shares of AT&T stock at $24.48 per share through Firm B. The SEC fee as of 2/21 is $5.10/1,000,000, round up to the next penny. (Note: this is a HUGE decrease from the previous fee of $22.10/1,000,000! Which is what is used in the notes.) Review stock purchases and sales here. Brokerage Firm A Brokerage Firm B Brokerage Firm C O Amount received: $19,247.26 O Amount received: $19,326.15 O Amount received: $17,836.55 O Amount received: $19,352.25 Automated (online) $0 $0 $0 Automated (phone) $12.95 $12.95 $5 Broker-Assisted $25 $32.95 $25
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4CP
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