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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: 1 year ago.
Category: Business and Finance Homework
Expert:  Ryan replied 1 year 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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