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babunello [35]
3 years ago
6

A share of stock in the Bree Medical Supply Company is quoted at 351/4. Suppose you hold 20 shares of that stock, which you boug

ht at 311/2. If you sold your stock at 351/4, which of the following would be true? A. You suffered a loss of $630.00. B. You made a profit of $75.00. C. You made a profit of $705.00. D. You suffered a loss of $75.00.
Business
1 answer:
pentagon [3]3 years ago
6 0

Answer:

B. You made a profit of $75.00

Explanation:

shares x ( sale - buy)

20 shares x ( 35 & 1/4 - 31 & 1/2)

20 x (35.25-31.5)

20 x 3.75 = 75

The difference between purchase and sale price is positive, so eahc share yields a gain of $3.75

We multiply this by the amount of shares to determiante the gain

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The first year they were offered, John wanted a tablet computer, but he did not know which one to choose. He waited until there
lbvjy [14]

Answer:

Early Majority

Explanation:

Early Majority -

It consists of around 34% of the total population, these are the type of people, who adapts to a innovative goods or services after some varying degree of time , is referred to as the Early Majority .

They take the time period to get their hands on the new stuff is much longer time in comparison to the early adopters and innovators .

As these people smartly goes through the complete analysis of the product , all the review and wait for the price to get down and buys on the best price .

Hence, from the given scenario of the question ,

The correct answer is Early majority.  

4 0
3 years ago
Accrued sales salaries amount to $1,700. Prepaid selling expenses of $3,000 have expired. A physical count of year-end merchandi
Korolek [52]

Answer:

The answers are given below;

Explanation:

a. Adjusting Entries

  Salaries Expense   Dr.$1,700

   Salaries Payable   Cr.$1,700

 Selling Expenses               Dr.$3,000

 Prepaid Selling Expenses Cr.$3,000

Inventory                    Dr.$28,700  

Cost of Goods Sold   Cr.$28,700

b.    Income summary Account (1,700+3,000+28,700)      Dr.$33,400

       Salaries Expense      Cr.$1,700

       Selling Expense        Cr.$3,000

       Cost of Goods Sold  Cr.$28,700

Capital    Dr.$33,400

Income Summary Account   Cr.$33,400

 

4 0
3 years ago
Read 2 more answers
Owens Finest Mattress Co., Inc. decided to employ an anti-mission statement. Which of the following phrases did they use?
gulaghasi [49]

THE ANSWER IS NOT B.......but i think its A....i think now so if you get it wrong im sorry.

3 0
3 years ago
Read 2 more answers
Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016​, Ashton budgeted 2017 ​assembly-support costs to be $8,300,000 and 2017 direct​ labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. <u>However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.</u>

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0
3 years ago
When people improve their
DochEvi [55]

Answer:

A

Explanation:

I don't have a explanation

7 0
2 years ago
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