Question

Drag each to the correct box Cindy wants to sell 300 shares of a company's stock at the market price of $25 per share. She looks up online brokers and the fees they charge Arrange the brokersfees in order least to greatest

Answer 1

Cindy should calculate the total cost of each online broker's transaction fees, subtract these from her total sale amount, and arrange them from least to greatest to find the most cost-effective option for selling her shares.

Step-by-step explanation:

To help Cindy decide which online broker to use when selling her shares, we need to calculate the total fees each broker charges and arrange them from least to greatest. Since Cindy wants to sell 300 shares at a market price of $25 per share, we are dealing with a transaction involving stocks and brokerage fees.

Let's calculate the fees for each example:

1. For the transaction of 1000 shares of Nike at $24.50 per share and a brokerage fee of $9.99, the net profit is calculated as follows:
2. (1000 shares * $39.75 current price) - (1000 shares * $24.50 purchase price) - $9.99 fee = $15,000.10 net profit.
3. For the transaction of 800 shares of Panda Express at $13.50 per share with a $10 brokerage fee:
4. (800 shares * $23.25 current price) - (800 shares * $13.50 purchase price) - $10 fee = $7,790 net profit.
5. For the transaction of 1200 shares of Wal-Mart at $35.50 per share with a $12.99 brokerage fee:
6. (1200 shares * $58.75 current price) - (1200 shares * $35.50 purchase price) - $12.99 fee = $27,717.01 net profit.

While we don't have the exact fees Cindy was quoted, these calculations demonstrate how to determine net profit and fees in the context of buying and selling stocks. Accordingly, Cindy would need to perform similar calculations based on the fees provided by the online brokers she's considering.

Answer 2

Answer: To arrange the online brokers' fees from least to greatest, you need to compare the fees charged by each broker. Since the question doesn't provide the specific fees charged by each broker, we can't provide a definitive answer. However, I can guide you on how to determine the order based on the fees.

Start by researching online brokers and their fee structures. Look for information on the fees they charge for selling shares of a company's stock. Some brokers may charge a flat fee per transaction, while others may charge a percentage of the transaction amount.

Once you have gathered the fee information for each broker, compare them to determine the order from least to greatest. If a broker charges a lower flat fee or a lower percentage compared to others, it would be considered the least expensive option. On the other hand, if a broker charges a higher flat fee or a higher percentage, it would be considered the most expensive option.

Remember to take into account any additional fees or charges that the brokers may have, such as account maintenance fees or inactivity fees. These fees can also affect the overall cost of selling the shares.

It's important to thoroughly research and compare the fees of different brokers to find the most cost-effective option for selling the 300 shares.

Explanation: Hope this helps.