Answer:
Agents and brokers
Explanation:
Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.
Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.
Answer:
a) Number of shares after stock split = Total outstanding shares before split × 2
=24, 000 shares × 2
=48,000 shares
Number of shares immediately after stock split is 48,000.
b)Under a stock split, the outstanding number of shares are increased as per the split. As per the given information, the split is stock is 2-for-1, therefore, after the stock split the number of outstanding shares will be twice of shares outstanding before the stock split.
Par value of each stock after split= 2
Par value per common stock before stock split = Par common shares / 2
Par value per common stock before stock split
= $1.00 /2
=$0.50
c) Market price per stock after split= 2
Market value per stock after the split= Market price of Sandals common stock / 2
= $29/2
= $14.5
Answer:
c. $7,500 ordinary gain
Explanation:
Depreciated value of Machine = $55,000 - $12,500
= $ 42,500
Sale price of Machine = $ 50,000
Gain on sale of Asset = $ 50,000 - $ 42,500
= $ 7,500
Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.
