Adelphia Brokers, a full service brokerage house, brought in William N. Thomas, a specialist in financial stock, to meet with their 15 brokers. Mr. Thomas charged a fee of $2,500 for the 4-hour session. The average hourly rate for the 15 brokers was $50.00 per hour. Lunch for the 15 brokers and Mr. Thomas was $14.50 per person. What was the total cost for the 4-hour financial stock training session?
Adelphia Brokers, a full service brokerage house, brought in William N. Thomas, a specialist in financial stock, to meet with their 15 brokers. Mr. Thomas charged a fee of $2,500 for the 4-hour session. The average hourly rate for the 15 brokers was $50.00 per hour. Lunch for the 15 brokers and Mr. Thomas was $14.50 per person. What was the total cost for the 4-hour financial stock training session?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Adelphia Brokers, a full service brokerage house, brought in William N. Thomas, a specialist in financial stock, to meet with their 15 brokers. Mr. Thomas charged a fee of $2,500 for the 4-hour session. The average hourly rate for the 15 brokers was $50.00 per hour. Lunch for the 15 brokers and Mr. Thomas was $14.50 per person. What was the total cost for the 4-hour financial stock training session?
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