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Ryan
Ryan, Engineer
Category: Business and Finance Homework
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Experience:  B.S. in Civil Engineering
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Client charge is for $126,700.00 Account 1 - 3,888,600

Customer Question

Client charge is for $126,700.00
Account 1 - 3,888,600 shares
Account 2 - 651,400
Total 4,540,000 shares in two accounts
He would like to be charged per each account. How do I breakdown the charges of both accounts to total $126,700?
Submitted: 11 months ago.
Category: Business and Finance Homework
Expert:  Ryan replied 11 months ago.

Hi,

Thank you for using the site.

Assuming that you wish to distribute the charges by percentage of total shares, the charges for the two accounts would be:

Account 1 = ($126,700)(3,888,600 / 4,540,000) = $108,521.06

Account 2 = ($126,700)(651,400 / 4,540,000) = $18,178.94

Total charge = $108,521.06 + $18,178.94 = $126,700

Please feel free to ask if you have additional questions about this.

Thanks,

Ryan

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