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olga2289 [7]
3 years ago
14

Al, who is single, has a gain of $40,000 on the sale of § 1244 stock (small business stock) and a loss of $80,000 on the sale of

§ 1244 stock. As a result, Al has a $40,000 ordinary loss. True False
Business
1 answer:
Genrish500 [490]3 years ago
7 0

Answer:

False

Explanation:

Given that

Gain on the sale = $40,000

And loss on the sale = $40,000

So by considering the above information ,

So, the gain on sale i.e $40,000 would be classified as a capital gain and the $80,000 would be classified as a ordinary loss which is to limited of $50,000

So, the remaining balance i.e

= $50,000 - $40,000

= $10,000

This $10,000 would be term as capital gain

Hence, the given statement is false

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On October 1, 2020 Bonita Industries issued 5%, 10-year bonds with a face value of $8090000 at 103. Interest is paid on October
V125BC [204]

Answer:

a credit of $242700 to Premium on Bonds Payable

Explanation:

Based on the information given The journal entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable which is calculated as:

Premium on Bonds Payable=[($8090000*103%)-$8090000

Premium on Bonds Payable=8,332,700-$8090000

Premium on Bonds Payable=$242700

Therefore The entry to record the issuance of the bonds would include a credit of $242700 to Premium on Bonds Payable

6 0
2 years ago
The process of developing and executing strategies and tactics to market and sell a product or service to a very specific target
oee [108]

Answer:

Micromarketing

Explanation:

Micromarketing consists of the maneuver of marketing levers aimed at modifying, increasing and influencing the buying behavior of the consumer in the store. The aim is to increase customer acquisition, retention, extention levels by providing a reward (benefit) or by simply direct marketing for information purposes only.  In general, it is  for very specific segment or target in order to develop or execute the strategies to do in the market.

By acquisition we mean the ability of the retail seller to acquire a new share of customers.

By retention is meant the ability to maintain this share of customers permanently over time.

By extention instead we indicate the increase in the quantities / volumes purchased at the retailer by the same consumers.

Micromarketing is therefore a sort of "micronization" of the marketing levers traditionally used. Consumer loyalty (store loyalty) is one of the main objectives, but there are also others that can be pursued equally, such as increasing the frequency of purchase of certain products, changing the composition of the receipt by stimulating category switching (exchange category) etc. It is also possible to support integrated marketing initiatives with the industry (think of a reward that stimulates the purchase of one product rather than another, of a specific brand rather than another, etc.).

4 0
3 years ago
Commenced business with cash of Rs 20,000 and Goods worth Rs 25,000​
nevsk [136]

Explanation:

\sf \green{25000 - 20000 = \longrightarrow 5000}

7 0
2 years ago
DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
Talja [164]

Answer: add this flight because marginal revenue exceeds marginal costs.

Explanation:

Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.

Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.

7 0
3 years ago
What is meant by the term “overhead” as it relates to a company’s financial<br> Operations?
REY [17]

Answer:

Overhead refers to the ongoing business expenses not directly attributed to creating a product or service. It is important for budgeting purposes but also for determining how much a company must charge for its products or services to make a profit

Explanation:

7 0
3 years ago
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