Friday
April 18, 2014

Homework Help: work

Posted by Anonymous on Tuesday, February 12, 2013 at 11:57am.

1. Alcoa stock traded at $70 per share. Pete and his partner Al decided to sell 100 shares for a total of $7,000. The stock was purchased for $65 per share (100 x $65 = $6,500) for a gain of $500. Pete invested twice as much as Al in the purchasing of the shares. How much should Pete receive and how much should Al receive of the gain? Round to the nearest cent

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Jones Distributing Corp. can sell common stock for $27 per share and ...
math - mary has outstanding preferred stock That pays a dividend of $4 per share...
accounting - Jones Company is authorized to issue 20,000 shares of no-par, $5 ...
math - Shirley has $16,000 invested in Boeing and GE stock. The Boeing stock ...
math - Shirley has $16,000 invested in Boeing and GE stock. The Boeing stock ...
accounting - Finishing Touches has two classes of stock authorized: 8%, $10 par ...
Algebra 2 - Tracey is contemplating the purchase of 100 shares of a stock ...
accounting - Assume that the following transactions affected owners' equity for ...
Finance - Saturated Meat Corporation preferred stock is currently selling for $...
Finance - Saturated Meat Corporation preferred stock is currently selling for $...

Search
Members