Question 1 suppose you own stock in national advertising, Ask an Expert

Accounting

Question: 1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)

2. Lakeesha bought 300 shares of stock at $48.25 per share. Her broker charges 3% commissions for round lots and 4% for odd lots. Calculate the total cost of the stock purchase.

3. Jenny buys a dining table costing $695.95. The store charges $45 for delivery. State taxes are 6.5% and local sales taxes are 1.5%. What is the total purchase price?

4. Alex buys a Blu-ray disc costing $14.29. Use the table below to find the sales tax on this item.

Amount of Sale	Tax
13.70 - 13.89	.69
13.90 - 14.09	.70
14.10 - 14.29	.71
14.30 - 14.49	.72
14.50 - 14.69	.73
14.70 - 14.89	.74

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92712618

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