None Ryan Neal bought 2,400 shares of Ford at $16.02 per share. Assume a commission of 1% of the purchase price. What is the total costto Ryan? (Round your answer to the nearest cent.)Total cost

Total Purchase = No. of shares * Price per share = 2400*16.02…

Answered: Ryan Neal bought 2,400 shares of Ford…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ryan Neal bought 2,400 shares of Ford at $16.02 per share. Assume a commission of 1% of the purchase price. What is the total cost to Ryan? (Round your answer to the nearest cent.) Total cost