1. Peter is a broker who earns commission of 3 1% on all securities sales that he makes. Forthe past year, he closed sales totaling P928,867, Find the amount of commission heearned for the year.2. Roger is a Sales Engineer receiving a basic monthly compensation of P13, 500.00 andcommission on all sales of 1%. Compute for his gross earnings for the month if he soldP124, 580.00.3. Alex is a straight commision Salesman, He is given commission on the basis of thefollowing schedule:Monthly SalesLess than P50,00..1%P50,000-99,999.2%P100,000-149,999.3%P150,000 and above.4%Compute for his commission assuming his total sales is:a. P75,800b. P49,900c. P151,200d. P123,5004. Moses is a Sales Representative receiving an annual salary of P130,000 plus commissionan all his sales above quota of P25,000 in accordance with the following schedule:First P30,000 above quota%Next P50,0001%Next P70,0002%Over P150,0003%Compute for his gross earnings if his sales for the month:a. P24,800b. P57,600c. P67,700d. P120,300

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Answered: 1. Peter is a broker who earns…

1. Peter is a broker who earns commission of 3 % on all securities sales that he makes. For the past year, he closed sales totaling P928,867. Find the amount of commission he earned for the year.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Steven purchased 1000 shares of a certain stock for $25,700 (including commissions). He sold the shares 2 years later and received $33,400 after deducting commissions. Find the effective annual rate of return on his investment over the 2-year period. (Round your answer to two decimal places.) %/year
Q) Tanya sells mutual funds for Pacific Financial Services Ltd. On mutual fund sales, Pacific Financial Services charges a "front-end load" or gross commission rate of 6%. Tanya is paid on a graduated commission structure. She receives 40% of the gross commission on the first $100,000 worth of mutual funds she sells in a month, and 60% of the gross commission on all additional sales in the same month. What are her earnings for a month in which she sells $180,000 worth of mutual funds? 20
on the sale of a house, broker Audrey Kirch earns 7% of the first $50,000 and 3% of any amount exceeding $50,000, What was the selling price of a house if her total commission was $4,475?
Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $29,200 during the year. Income generated through the brokerage account was as follows: Municipal interest $58,400 Taxable dividends and interest 292,000 If required, round any division to two decimal places and use in subsequent computation. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct?
Q 5. Mr. Gill has inherited the following portfolio: Share Share price No. of shares Beta ABCplc DEFplc GHlplc £1.50 20,000 0.80 £2.20 10,000 1.20 £1.90 20,000 1.10 a. What is the beta on this portfolio? b. If the risk-free rate of return is 6.5 per cent and the risk premium on shares over Treasury bills has been 5 per cent what is the expected return on this portfolio over the next year?
2. PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASEnrique Perez bought a house whose value is $1'900,000 cash. He paid $400,000 cash and the rest in 8 equal quarterly payments. If he is charged 10½ % nominal interest on the transaction, a) find the value of each of the quarterly paymentsb) find the total amount paid.c) Find the total amount of interest paid.d) Find the effective rate. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
On Jan. 1, Year 1, Foxcroft Inc. issued 110 bonds with a face value of $920 for $105,200. The bonds had a stated rate of 10% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9
On May 6, Jim Ryan borrowed $14,000 from Lane Bank at 7 1/2% interest. Jim plans to repay the loan on March 11. Assume the loan is on ordinary interest. How much will Jim repay on March 11? (Use Days in a year table.) (Round your answer to the nearest cent.) Jim Repay
Calvin invests $3,200 at an APR of 5.3% compounded monthly. Hobbes invests $3,150 at an APR of 6% compounded quarterly.A. Who has the higher accumulated balance after 2 years? B. Who has the higher accumulated balance after 4 years?
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On September 6, Irene Westing purchased one bond of Mick Corporation at 91.75%. The bond pays 5.25% interest on June 1 and December 1. The stockbroker told Irene that she would have to pay the accrued interest and the market price of the bond and a $4 brokerage fee. What was the total purchase price for Irene? Assume a 360-day year (each month is 30 days) in calculating the accrued interest. (Hint: Final cost = Cost of bond + Accrued interest + Brokerage fee. Calculate time for accrued interest.) (Round your answer to the nearest cent.) Answer is complete but not entirely correct. Total purchase price $ 991.00

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