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dimaraw [331]
2 years ago
9

Elliott has the following capital gain and loss transactions for 2021. a. Short-term capital gain $1,500 b. Short-term capital l

oss (3,600) c. Long-term capital gain (28%) 12,000 d. Long-term capital gain (25%) 4,800 e. Long-term capital gain (15%) 6,000 f. Long-term capital loss (28%) (4,500) g. Long-term capital loss (15%) (9,000) After the capital gain and loss netting process, what is the amount and character of Elliott's gain or loss
Business
1 answer:
vazorg [7]2 years ago
4 0

The net short term capital loss for Elliott for 2021 will be $(2100); and the net long term capital gain will be $9,300.

<h3>What is capital gain?</h3>

The gain or positive returns made on the investment or engagement of money during a particular period is known as a capital gain. A short term capital gain is derived within 1 year; and long term is more than a year.

Hence, the capital gains and losses made by Elliott are aforementioned.

Learn more about capital gain here:

brainly.com/question/24084696

#SPJ1

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3 years ago
Which characteristic describes the privatization of social security
Softa [21]

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C

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An analyst with a national ratings agency is concerned about a firms ability to meet its short term obligations. To evaluate the
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a. Balance Sheet

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8 0
3 years ago
Consumption consists of spending by households on goods and services, with the exception of a. purchases of intangible services.
Leona [35]

Answer:

C.

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Different schools of economists define consumption differently.

-The process in which goods or services are used to satisfy economics leads.

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-Consumption is also the value of all goods and services bought by households. Includes:

*durable goods. last a long time, e.g. cars, home appliances.

*nondurable goods. last a shot time, e.g. food, clothing.

*services. work done for consumers, e.g. dry cleaning, air travel, legal.

*also, rent is a payment for housing services.

But for GDP, when you bought a house, is considered investment.

4 0
3 years ago
The Coffee Nook, a small cafe near campus, sells cappuccinos for $2.50 and Russian tea cakesfor $1.00 each. What is the opportun
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Answer:

D) $1.00

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I hope my answer helps you.

7 0
3 years ago
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