Purchase Solution

Calculate the total cost of securities purchased

Not what you're looking for?

Ask Custom Question

Someone bought 320 shares of DNA at 35 3/4 from broker. He charges 1.6% for the transaction. Odd lot carry 1/8 of a dollar brokerage differential.

a. Calculate the total commission
b. Calculate total cost of securities

Purchase this Solution
Solution Summary

The solution calculates, the total cost of securities purchased, commissions, odd lot differential.

Solution Preview

Gross Value of the Shares bought = 320 * 35.75 = ...

Purchase this Solution
Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Introduction to Finance

This quiz test introductory finance topics.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

View More Free Quizzes
Related BrainMass Solutions

  • Operations for Tennant Securities

    Required 1: Prepare journal entries to record these transactions and events and any year-end market adjustments to the portfolio of long-term available-for-sale securities. 2: Prepare a table that summarizes the (a) total cost, (b) total market adjustment

  • Effect of transactions on liquidity measures

    The cost of goods sold was $156,000 2) Collected accounts receivable, $252,000 3) Purchased inventory on account, $1680,00 4) Issued 250 shares of common stock for $36 a share 5) Wrote off $7,000

  • Monetary Policy Calcuations

    Calculate the percent interest rate or effective cost of each loan. Which one has the lowest cost?

  • Distinguish between a debt security and an equity security.

    The company is planning on eventually getting a total of 30% of its outstanding stock. 3. 10-year bonds were purchased this year. The bonds mature at the first of next year. 4. Bonds that will mature in 5 years are purchased.

  • P17-10 (Gain on Sale of Securities and Comprehensive Income)

    The fair value of Acker Inc.'s available-for-sale securities at December 31, 2010, was $190,000; its cost was $140,000. No securities were purchased during the year. Acker Inc.'s income statement for 2010 was as follows. (Ignore income taxes.)

  • Short-term Available-for-Sale Securities

    As with trading securities, companies adjust the cost of the portfolio of available-for-sale securities to reflect changes in fair value. This is done with a fair value adjustment to its total portfolio cost.

  • Equity Securities Entries and Disclosures

    444212 Equity Securities Entries and Disclosures Parrot Company has the following securities in its investment portfolio on December 31, 2010 (all securities were purchased in 2010): 3,000 shares of Ames Co. common stock which cost

  • Mixed Accounting Questions

    Proceeds of the note were $501,800. (a.) Calculate the discount rate used by the lender. (b.) Calculate the effective interest rate on the loan. (c.) How much interest expense would be recorded for the month of October? 3.

  • This post addresses the gain/loss on securities for Patel Co

    The solution provides the correct calculations needed to determine the total amount of gain or loss on securities to be included in Patel's income statement.

View More Related Solutions