s for $42.50 per share. he also incurs a $1,000 fee for this transaction.
a.what is john's adjusted basis in the 1,000 shares of intel stock?
b.what amount does john realize when he sells the 1,000 shares?
Answer:
B. Kim will win, because the bonus is a reward for work they have already performed, which is past consideration and cannot be used to create a contract.
Explanation:
In order for a contract to be enforceable, consideration must be exchanged between both parties. In this case, Kim made a promise that included consideration ($3,500) but Gold didn't exchange of give anything back. The swimming pool is already finished and it represents another different contract.
Another example would be a boss telling a subordinate that he/she will receive a bonus for having worked 10 years in the firm. The employee already got paid for working the 10 years, so there is no actual exchange of new consideration.
Answer:
The advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
The purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700
Explanation:
Note: See the attached excel for the completed table used in allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.
From the attached excel, the advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
From the attached excel, the purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700
Answer:
The answer is $11,500
Explanation:
Depreciation here be done separately or in components.
The formula for depreciation is:
(Cost - residual value) / useful life.
First component:
A new machine for $100,000 and useful life is 20 years.
Depreciation = $100,000/20years
= $5,000
Second component:
An electrical motor for $20,000 and useful life is 5 years.
Depreciation = $20,000/5years
= $4,000
Third component:
Inspection $10,000 and useful life is 4 years.
Depreciation = $10,000/4years
= $2,500
Therefore, the depreciation expense for Year 1 is
=$5,000 + $4,000 + $2,500
=$11,500
Answer:
The correct answer is option A.
Explanation:
A quota is a non-tariff restrictive barrier which is imposed unilaterally by the importing country. While, on the other hand, a voluntary export restraint is self-imposed by the exporting country. Though it is generally a result of negotiations between importing and exporting countries.
Both of these measures are adopted to protect the domestic producers in the importing country.