You purchase 550 shares of Locke International common stock at $28.50 per share. Your stockbroker charges 3% commission on round lots and 3.5% on odd lots. What is the broker's fee?


$477.38

Business

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Compare hierarchical control with decentralized control.

What will be an ideal response?

Business

Taylor Corp identified the following data in preparing a bank reconciliation on October 31, 2016. Bank statement balance $29,600 Taylor's book balance (before adjustments) ? Outstanding checks 3,100 NSF checks 300 Service charges 200 Deposits in transit 2,200 Interest earned on checking account 100 What is the net amount of the adjustments to Taylor's cash balance as a result of the bank

reconciliation? a. No amounts need to be recorded b. $400 increase c. $400 decrease d. $900 decrease

Business

The number of strata to use is a matter of judgment, but experience suggests the use of no more than eight

Indicate whether the statement is true or false

Business

Which of the following guidelines is correct?

A) Dollar signs ($) are required in all financial statements and other schedules. B) Account names are capitalized when referenced in text or listed in work documents like the journal or ledger. C) In financial statements only the first word of an account name is capitalized. D) All of these choices.

Business