Solve the problem.
-The following information on Company X appears in a stock table. Find the cost to purchase 680 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $$\begin{array} { l | l }
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$$
A)$23,007.15
B)$22,986.75
C)$22,977.20
D)$22,956.80

Question

Solve the problem.
-The following information on Company X appears in a stock table.  Find the cost to purchase 680 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } 
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$$
A)$23,007.15 
B)$22,986.75 
C)$22,977.20 
D)$22,956.80

Quizplus · Accepted Answer

The Answer of Solve the problem.
-The following information on Company X appears in a stock table.  Find the cost to purchase 680 shares of Company X at the day's closing price. Assume that the transaction is automated and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } 
\text { Number of Shares } & \text { Commission } \
\hline \text { Up to } 1000 & \$ 29.95 \
\text { More than } 1000 & 3 \text { cents per share }
\end{array}$$
A)$23,007.15 
B)$22,986.75 
C)$22,977.20 
D)$22,956.80

Solve the Problem A)$23,00715 B)$22,986

Solve the Problem A)$23,00715
B)$22,986