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3 years ago

In 1 or 2 sentences, describe why sellers in a perfectly competitive market have no control over price.

1 answer:

8 0

Because in a perfectly competitive market, the sellers have to fluctuate how much their product cost based on how the majority of how products like his or hers sell for in or around his or her area of business.

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On May 9, 2017, Calvin acquired 250 shares of stock in Hobbes Corporation, a new startup company, for $68,750. Calvin acquired t

slega [8]

Answer:

Ordinary Loss: $50,000

Short Term Capital Loss : 0

Long Term Capital Loss : $11,750.

Explanation:

The objective of this question is to determine his tax consequences as a result of this sale

From the question given ; the result of the sale which Calvin possess is as follows:

Ordinary Loss: The Ordinary loss is said to be limited to $50,000 for individual. ( According to Section 1244 ; the section give opportunities for losses from sale of shares of small and domestic corporations to be deducted as ordinary losses instead of as capital losses up to a maximum of $50,000 for individual .)

Short Term Capital Loss is said to be zero If it's one year or less.

Long Term Capital Loss is $11,750. How obtained this desired output of $11,750 is as a result of the following:

We know that :

Value of shares Acquired $68,750

Calvin sold all of his Hobbes stock for $7,000 (i.e the selling price rate)

Also , the Ordinary loss = $50,000

Therefore :

Value of shares Acquired = $68,750 - $7,000 - $50,000 = $11,750

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4 years ago

Schedule of Cash Payments for a Service Company Horizon Financial Inc. was organized on February 28. Projected selling and admin

podryga [215]

Answer:

Cash payments:

March $30,300

April $51,660

May $58,490

Explanation:

The following costs amounting to $9,000 should be deducted from the projected expenses per month

A. Insurance costs (it had been prepaid in February)

B. Depreciation (it doesn't involve any cash movement)

C. Property tax (it won't be due for payment until June)

This leaves each month expense as shown in the attached schedule. And based on the 70 : 30 rule, the table reflects the full payment structure.

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3 years ago

A factory which produces bicycles has one employee who assembles the frame, one who attaches the handle bars, one who attaches t

Mkey [24]

The answer is A because one of the people checks the bicycles before shipping them off looks at there efficiency to see if they are good enough

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4 years ago

The last recession changed the way many companies offer support to people and communities in need. many companies ______________

miskamm [114]

Because of the last recession, many companies decreased financial donations but encouraged their employees to volunteer their times to corporate social initiatives and project.
This way, they can gain the public favor by putting it on their corporate social responsibility.

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4 years ago

Read 2 more answers

Gary, 15 months of age, says things like "doggy," "mama," and "dada." he is in the:

Shkiper50 [21]

Toddler stage of his life

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3 years ago