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Anna11 [10]
3 years ago
14

Chris bought 10 shares of Apex Company for $25 each, and later sold all of them at $45 each. This transaction resulted in what t

ype of event?
A). Capital Loss
B). Capital Profit
C). Capital Gain
D). Capital Win
Business
2 answers:
Veseljchak [2.6K]3 years ago
5 0

the answer is a capital gain . C                                                                  



Ganezh [65]3 years ago
4 0

Answer:

The correct answer is the option C: Capital Gain.

Explanation:

<em>Capital Gain</em> is the name given, in the field of finances, to the concept that refers to the amount of money in the form of a <em>profit</em> that a person receives from the action of selling a capital asset after this one increased its value obtaining a higher worth than the purchase price and <em>whose ''gain'' is in the difference of such situation</em>, that is, the situation where the sale price is higher that the original purchase price.

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Governments often implement price ceilings to protect consumers from the high prices of essential goods and services that freque
algol13

Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.

  • The measure of imposing price in market are rare but are notably used during natural disasters.

  • Price ceiling helps to prevent the producers from exploiting the consumers.

In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.

Learn more about Price ceiling here

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7 0
3 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $165 $6,600 Aug. 13 Purcha
Volgvan

Answer:

a. FIFO - Inventory Used: $39900  Remaining Inventory: $14700

b. LIFO - Inventory Used: $41700 Remaining Inventory: $12900

c. Weighted Average Cost - Inventory Used: $40950 Remaining Inventory: $13650

Explanation:

Jan 01. Beginning inventory = 40 x $165 = $6600

Aug 13. Purchases 200 x $180 = $36000

Nov 30. Purchases 60 x $200 = $12000

Ending inventory = 75 units

Inventory Used = 300 – 75 = 225

(a) First-In-First-Out (FIFO)

This is the method where the inventory first received is the one that is used first. Common method when the inventory is perishable and would be wasted if left too long.

Inventory Used:

40 x $165 = $6600

185 x $180 = $33300

Total = $39900

Remaining Inventory:

15 x $180 = $2700

60 x $200 = $12000

Total = $14700

(b) Last-In-First-Out

Method whereby the inventory received latest is used first. Common in goods that are bulky. the inventory on top (latest purchased) is used first.

Inventory Used:

60 x $200 = $12000

165 x $180 = $29700

Total = $41700

Remaining Inventory:

40 x $165 = $6600

35 x $180 = $6300

Total = $12900

(c) Weighted Average Cost

This is whereby you divide the cost of goods sold by the number of units available for sale.

54,600 / 300 = $182

Inventory Used: 225 x $182 = $40950

Remaining inventory = 75 x $182 = $13650

3 0
3 years ago
Cynthia loves her apartment and would like to have the option to buy it once her lease is up. Who is the best person to help Cyn
Volgvan

A real estate attorney is the best person to help Cynthia prepare a lease option.

<h3>Who is the optionee in an option contract?</h3>
  • The seller is the optionor and the buyer is the optionee in an option contract.
  • It is a unilateral contract since the buyer has the option to purchase while the seller is required to sell.

<h3>What is an option to buy agreement?</h3>
  • An option-to-purchase agreement is a contract that grants a tenant or investor the opportunity to buy real estate in the future in exchange for a fee.

<h3>What does first option to buy mean?</h3>
  • When an owner intends to sell a property, this clause, also known as a right of first refusal or first right to purchase, compels the owner to provide the holder the first opportunity to purchase the property.
  • The holder cannot compel the owner to sell, unlike the option to purchase.

<h3>What is purchase option?</h3>
  • A purchase option is the freedom to buy, rent, or lease real estate or other property interests.

Learn more about Cynthia  here:

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#SPJ4

5 0
2 years ago
Which of the following is not true about a cap-and-trade system: Select one:
PtichkaEL [24]

Answer:

c. A cap-and-trade system is considered a command and control regulation

Explanation:

The both are different systems as the cap-and-trade system which permits to trade and is more efficient in most of the markets. Nevertheless, the command and control system is used to laws it is not the most efficient, considering as well that is onerous and expensive for the government.

3 0
3 years ago
What are the different schools (beliefs) of decision making?
Sladkaya [172]
<span>The different schools (beliefs) of decision making are : 
</span>utlitarian decision making- ethical decision are primary
right decision making - everyone involved should be granted the same rights
fairness and justice decsion making - th
common good decision making -  individuals as part of a larger community.
virtue decision making - <span>honesty, generosity and knowledge are the most important parts of the decision making process</span>

4 0
3 years ago
Read 2 more answers
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