Solve the Problem A)$614005
B)$6099

question 236

Multiple Choice

Solve the problem.
-The following information on Company X appears in a stock table. Find the cost to purchase 180 shares of Company X at the day's closing price. Assume that the transaction is broker-assisted and includes typical discount broker's commissions as follows: $$\begin{array} { l | l } \text { Principal Amount } & \text { Commission } \\\hline \text { Up to } \$ 2499.99 & \$ 35 + 1.7 \% \text { of principal } \\\$ 2500.00 - \$ 6249.99 & \$ 65 + 0.66 \% \text { of principal } \\\$ 6250.00 - \$ 19,999.99 & \$ 76 + 0.34 \% \text { of principal }\end{array}$$

• A)$6140.05
• B)$6099.41
• C)$6107.62
• D)$6003.00

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Definitions:

Operating Cash Flow

Describes the cash generated by the regular operating activities of a business in a specific period.

Contribution Margin

The amount by which the sale of a product or service exceeds its production costs, contributing to the covering of fixed costs and generating profit.

Financial Break-Even

The point at which total revenues and total expenses are equal, resulting in a net income of zero and indicating that a project or business is neither losing nor making money.

Fixed Costs

Expenses that do not change with the level of production or sales over a short period, such as rent, salaries, and loan payments.