Ask question

Ask question

All categories

3 years ago

13

Seth owns 150 shares of stock with a basis of $1,800 at $12 per share. The stock splits three for one. How many shares does he n

ow own, and what is his basis per share

1 answer:

lorasvet [3.4K]3 years ago

3 0

Answer:

Explanation:

new share = 150*3 =450

12/3 $ - new basis

$4 is the new basis

You might be interested in

Research suggests that people just care about getting a paycheck out of their jobs.

quester [9]

Answer (1)

<em>False</em>

Explanation:

Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>

Answer (2)

<em>True</em>

Explanation:

<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.

Answer (3)

<em>2. Belongingness</em>

<em></em>

Explanation:

As stated, some workers just want the setting that provides a sense of belonging and security within a team. <em>This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.</em>

8 0

2 years ago

What is the maximum IRA contribution that Mr. Janson can make under each of the following assumptions? He is age 20 and single.

vladimir1956 [14]

Answer:

He is age 20 and single. His only income item is $12,100 interest from a trust fund. NO CONTRIBUTION SINCE HE HAS NO EARNED INCOME

He is age 40 and single. His only income item is a $34,900 share of ordinary income from a partnership. MAXIMUM CONTRIBUTION OF $6,000

He is age 60 and single. His only income item is $21,300 wages from his job. MAXIMUM CONTRIBUTION OF $7,000

He is age 46 and files a joint return with his wife. His sole proprietorship generates a $7,790 loss, and his wife’s salary is $46,700. MR. JANSON CANNOT CONTRIBUTE ANY MONEY TO THE IRA ACCOUNT, BUT HIS WIFE CAN CONTRIBUTE $6,000 ON HER ACCOUNT AND $6,000 ON MR. JANSON'S ACCOUNT.

Explanation:

In 2019, the limit for RA contributions increased by $500 to:

under age 50 ⇒ $6,000 per year
over age 50 ⇒ $7,000 per year

only earned income can be contributed

you cannot contribute more than what you earn

8 0

3 years ago

Read 2 more answers

American express established a consulting program that sent expert teams of employees into nonprofits to solve organizational pr

Bas_tet [7]

<span>The answer is skill-based volunteering or volunteerism. It is a tactical type of volunteerism that allows professionals to make use of their skills to impact nonprofits to help make stronger their operation and services. Also it fosters cross-departmental cooperation and has been proven to improve a company’s performance.</span>

5 0

3 years ago

Read 2 more answers

To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?

Sedaia [141]

Answer:

C. Father and his 35-year-old son investing in separate account.

Explanation:

Quantity discount when offered relates to one particular account, and not multiple accounts at a time.

In a transaction joint accounts are called as single person where there is only one main account in consideration and no secondary account exists for the same.

As in the given options,

Option A of husband and wife investing in a joint account means a single account is made of which both the husband and wife are controllers.

Option B is of UTMA account which is made for the benefit of the minor child, although involves two people that is parent and child, but is run individually by the parent and is a single account.

Further Option C provides for separate investment accounts , which means two different accounts and therefore are completely different one of father and another of son, thus do not qualify of quantity discount jointly, either of the one account can claim the quantity discount as a person.

4 0

3 years ago

Use the following data to determine the total amount of working capital from the Banner Auto Supplies Balance Sheet for December

Komok [63]

Answer:

b. 240,000

Explanation:

Calculation to determine the total amount of working capital

First step is to calculate the Current assets

Using this formula

Current assets = Cash + Accounts receivable + Inventory + Prepaid insurance

Let plug in the formula

Current assets= $70,000 + 100,000 + 140,000 + 80,000

Current assets= $390000

Second step is to calculate the Current liabilities using this formula

Current liabilities = Accounts payable + Salaries and wages payable

Let plug in the formula

Current liabilities= $130,000 + 20,000

Current liabilities= $75,000

Now let calculate the working capital using this formula

Working capital = Current assets - Current liabilities

Let plug in the formula

Working capital = $390,000 - 150,000

Working capital = $240,000

Therefore the Working capital is $240,000

4 0

2 years ago