The Marchetti Soup Company entered into the following transactions during the month of June:

John bought 1,000 shares of intel stock on october 18, 2014, for $30 per share plus a $750 commission he paid to his broker. on

posledela

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?

6 0

3 years ago

Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 68,500 jet skis. Finished goods inventor

Nuetrik [128]

Answer:

Units sold= 63,465 units

Cost of goods sold= $114,237,000

Explanation:

Giving the following information:

Allyson manufactured 68,500 jet skis. Finished goods inventory had the following units:

January 1: 14,385

December 31: 19,420

First, we need to calculate the number of units sold:

Units sold= production of the period + beginning inventory - ending inventory

Units sold= 68,500 + 14,385 - 19,420= 63,465 units

Cost of goods sold= 63,465*1,800= $114,237,000

7 0

3 years ago

you invest $15,000 at an annual rate of 8.25or one year. what is the difference in interest earned if your investment is compoun

harina [27]

The difference in interest earned if your investment is compounded on a monthly basis instead of an annual basis is $1185

"8.25% interest" denotes an interest rate of 8.25% yearly, compounded. "8.25% interest compounded monthly" refers to the annual interest rate, which is 8.25% and is compounded every month. The interest rate is, therefore (8.25%) / (12) = 0.6875% monthly. It is clear what is meant by "0.6875% interest per month compounded monthly." Problems must be resolved in terms of the compounding period rather than years when the compounding period is not annual.

P = 15000, r = 0.0825 (8.25%), n = 12 , and t = 1 (given)

Using the formula for monthly compound interest,

$CI = P (1 +\frac{r}{n})^{nt} - P$

CI = 15000 [1 + (0.0825 / 12)] ¹² - 15000

CI = (15000 * 1.086) - 15000

CI = 16290 - 15000

CI = 1290

Therefore, Compound Interest when compounded on monthly basis will be $1290.

Annual Compound Interest:

$CI = P (1 +\frac{r}{n})^{nt} - P$

CI = 15000 [1 + (0.0825 / 12)] ¹ - 15000

CI = (15000 * 1.007) - 15000

CI = 15105 - 15000

CI = $105

Therefore, Compound Interest when compounded annually will be $105.

The difference in interest earned if the investment is compounded monthly instead of annual basis will be

Difference = $1290 - $105 = $1185

To know more about Compound Interest, refer to this link:

brainly.com/question/20406888

#SPJ4

8 0

1 year ago

Estee Lauder Co.now sells most of its flagship products directly online. This choice, made around 2000, resulted in substantial

mario62 [17]

Answer: Vertical Supply Channel Conflict

Estee Lauder Co.now sells most of its flagship products directly online. This choice, made around 2000, resulted in substantial __________ with the various high-end retailers.

Horizontal supply chain conflict.

Vertical supply chain conflict.

Vertical channel dissonance.

Contract re-negotiations.

Explanation:

Vertical Supply Channel Conflict occurs between members of different supply channel levels. For example, between a manufacturer and a wholesaler or between a wholesaler and a retailer.

This is the type of conflict that arose from Estee Lauder's decision to sell online directly to customers.

Horizontal Supply Channel Conflict occurs between members of the same channel level. An example is two retailers selling the same brand in the same shopping mall.

6 0

3 years ago

On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each Jun

Vinvika [58]

Answer:

Interest expense = $20,000

Explanation:

<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest. </em>

The annual installment is computed as follows:

Annual installment= Loan amount/annuity factor

Annual installment is already given as = 37,258 (already given)

Interest payment = interest rate × Loan balance at the beginning of the year

DATA

Interest rate = 8%

Loan balance at the beginning of the year = $250,000

Interest expense = 8%× 250,000 = $20000

Principal paid = Annual installment - Interest = 37,258-20,000 = 17,258 <em>(this is not required but to explain the concept)</em>

Interest expense = $20,000

3 0

3 years ago