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Alona [7]
3 years ago
13

"A customer owns 200 shares of ABC, purchased 2 years ago at $50 per share. The current market value of ABC stock is $60 per sha

re. If the customer gifts the stock to his son, the result is the:"
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer: The donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.

Explanation:

From the question, we are informed that a customer owns 200 shares of ABC, that were bought 2 years ago at $50 per share and that the current market value of ABC stock is $60 per share.

If the customer gifts the stock to his son, the result is the donor may incur a gift tax liability. Also, the cost basis will be $50 per share to the recipient of the gift.

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The amount of a good that must be given up to produce another good is the concept of:
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E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
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3 years ago
What are some well paying animal related jobs that don't require lots of school?
devlian [24]

Answer:

groomer, kennel attendant, veterinary assistant, trainer, Animal Control worker.

Explanation:

these are all examples of high paying animal related jobs that do not require less of school, though depending on the facility, they may require schooling.

7 0
3 years ago
You recently purchased a stock that is expected to earn 22 percent in a booming economy, 11 percent in a normal economy, and los
UkoKoshka [18]

Answer:

Return on stock will be 12.65%

So option (c) will be the correct option

Explanation:

We have given expected return in booming economy = 22 %

Expected return in normal economy = 11 %

Expected return in recessionary economy = 4%

Probability of boom = 24% = 0.24

probability of normal economy = 67%=0.67

Probability of recession = 9 % =0.09

So  Expected return on stock = (Return in boom economy x Probability of boom economy) + (Return in normal economy x Probability of normal economy) +(Return in recessionary economy x Probability of recessionary economy)

Expected return on stock = (0.22 x 0.24) + (0.11 x 0.67) + (-0.04 x 0.09)

= 0.0528 + 0.0737 = 0.1265 = 12.6%

So option (c) will be the correct option

3 0
3 years ago
Jackie has been offered positions by two cable companies. the first company pays a salary of $14,000 plus a commission of $100 f
masha68 [24]

The correct answer is 80 cable packages.

The following equation will solve this problem, where x equals the number of cable packages.

14,000 + 100x = 20,000 + 25x

First, subtract 25x from both sides:

14,000 + 75x = 20,000

Next, subtract 14,000 from both sides;

75x = 6,000

Finally, divide both sides by 75.

X = 80

Therefore, the answer is 80 cable packages.

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3 years ago
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