Solve the problem.
-The following information on Company X appears in a stock table. Find the amount received by the seller of 3080 shares of Company X at the day's closing price. Deduct sales expenses which consist of the broker's commission and SEC fee. Assume that the
Transaction is automated and that the discount broker's commissions are 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)$101,329.00
B)$101,394.45
C)$101,332.00
D)$101,328.95

Question

Solve the problem.
-The following information on Company X appears in a stock table.  Find the amount received by the seller of 3080 shares of Company X at the day's closing price. Deduct sales expenses which consist of the broker's commission and SEC fee. Assume that the
Transaction is automated and that the discount broker's commissions are 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)$101,329.00 
B)$101,394.45 
C)$101,332.00 
D)$101,328.95

Quizplus · Accepted Answer

The Answer of Solve the problem.
-The following information on Company X appears in a stock table.  Find the amount received by the seller of 3080 shares of Company X at the day's closing price. Deduct sales expenses which consist of the broker's commission and SEC fee. Assume that the
Transaction is automated and that the discount broker's commissions are 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)$101,329.00 
B)$101,394.45 
C)$101,332.00 
D)$101,328.95

Solve the Problem A)$101,329