What law created the federal reserve system?

Kevin purchases 1,000 shares of Bluebird Corporation stock on October 3, 2019, for $300,000. On December 12, 2019, Kevin purchas

Zinaida [17]

Answer:

a. $510.000

b. $22.500 gain

c. $16.785 gain

Explanation:

a. Kevin bought in total 1750 shares, and for it he spent $510.000

So 1 share is $291,43

b. He bought 500 shares 12.12.2018 for $140.000, then he sold those 500 shares for $162.500. Difference is the gain of $22.500

c. Not knowing from which batch of shares did he sell his shares we already know that avg 1 share is $291,43, so 500 share is $145.715 and he has sold 500 shares for 162.500. Difference is the gain of $16.785

8 0

3 years ago

Suppose:

dolphi86 [110]

Answer:

C) Yes, because the direct rates differ in all markets

Explanation:

₤1 buys €1.50 in NY, Tokyo, and London -> ₤1 = €1.50

₤1 buys ¥150 in NY, Tokyo, and London -> ₤1 = ¥150

⇔ €1.50 = ¥150

⇔ ¥100 = €1.50/1,5 = €1

$1 buys ¥100 in NY, Tokyo, and London - > $1 = ¥100

Tt clearly that €1 is different with $1.0 (as Reuter quoted today, $1.00 = €0.9030), so there’re opportunity for two-point arbitrage .

8 0

4 years ago

A part time landscaping made $8996.32 last year. If she claimed herself as an exemption for $3650 and had a $5700 standers deduc

Elza [17]

The answer is $0.00 Her taxable income last year is $0.00 since the exemption and deduction is more than the income she earned last year.

$8996.32 - $3650.00 (exemption) - $5700.00 (standers deduction) = -$353.68 the total deduction is over the income she earned last year,

5 0

3 years ago

Read 2 more answers

Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be

juin [17]

Answer:

IKIBAN INC.

Statement of cash flow using indirect method for

the year ended June 30, 2019

Particulars Amount $

Cash flow from operating activities

Net Income 145,510

Adjustments to reconcile net income to net

cash provided by operating activities

Adjustment for non cash effects

Depreciation 81,600

Gain on sale of equipment -4,300

Change in operating assets & liabilities

Increase in accounts receivable -25,500

Decrease in inventory 34,200

Decrease in prepaid expenses 3,300

Decrease in accounts payable -16,500

Decrease in wages payable -11,300

Decrease in income taxes payable -2,700

Net cash flow from operating activities (A) 204,310

Cash Flow from Investing activities

New equipment purchased -80,600

Equipment sold 12,300

Net cash Flow from Investing activities (B) -68,300

Cash Flow from Financing activities

Cash dividends paid -162,310

($31,000 + $145,510 - $14,200)

Common stock issued 83,000

Notes payable paid -30,000

Net cash Flow from Financing activities (C) -109,310

Net Change in cash = A+B+C $26,700

($204,310 - $68,300 - $109,310)

Beginning cash balance $67,000

Closing cash balance $93,700

5 0

4 years ago

Compute the payback period for each of these two separate investments:

Gnesinka [82]

Answer:

A. 1.89 years

B. 2.33 years

Explanation:

According to the scenario, computation of the given data are as follows,

(A) After-tax income = $72,115

Expected cost = $250,000

Useful life = 4 years

Salvage value = $10,000

Depreciation Value = ($250,000 - $10,000) ÷ 4 = $60,000

Annual net cashflow = After tax income + Depreciation

= $72,115 + $60,000 = $132,115

Payback Period = Machine expected cost ÷ Annual net cash flow

= $250,000 ÷ $132,115

= 1.89 years

(B) After-tax income = $39,000

Machine cost = $200,000

Useful life = 8 years

Salvage value = $13,000

Depreciation value = ($200,000 - $13,000) ÷ 4 = $46,750

Annual net cashflow = After tax income + Depreciation

= $39,000 + $46,750 = $85,750

Payback Period = Machine expected cost ÷ Annual net cash flow

= $200,000 ÷ $85,750

= 2.33 years

4 0

3 years ago