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Paha777 [63]
3 years ago
8

Two years ago Joshua Ryan bought 100 XYZ at $60 per share. While he held the stock it paid dividends of $1 the first year and $1

.50 the second year. Joshua sold the shares at $40 per share after a 2 for 1 stock split. How much gain or loss did he incur per share for tax purposes
Business
1 answer:
PIT_PIT [208]3 years ago
4 0

Answer: He incur $10 per share for tax purposes.

Explanation:

Formula to calculate a gain or loss for tax purposes:

Gain or Loss for tax purposes = proceeds - cost basis

Cost per share = $ 60

After 2 for 1 stock split, the value of per share = (Cost per share) ÷2

= ($60) ÷2 = $30

Sale price of a share = $40

Since, $40 > $30, i.e. Sale price> Cost per share .So its a gain.

Gain=  $40 - $30 = $10

Hence, he incur $10 per share for tax purposes.

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After carefully going over your budget, you have determined you can afford to pay $922 per month toward a new sports car. You ca
Law Incorporation [45]

Answer: $35,036

Explanation: We will calculate the present value of $922 for a period of 48 months, thus:

Payment (pmt) = $922

n = 48

r = 1% or 0.01

PV = pmt((1 - (1 ÷ (1+r)^n) / r)

PV = 922((1 - (1 ÷ (1 + 0.01)^48) / 0.01)

PV = 922((1 - (1 ÷ (1.01^48) / 0.01)

PV = 922((1 - (1 ÷ 1.612) / 0.01)

PV = 922((1 - 0.62) / 0.01)

PV = 922(0.38/0.01)

PV = 922(38)

PV = 35,036.

Therefore, the amount that can be borrowed is $35,036.

4 0
3 years ago
Which economic system has economic roles that are passed from generation to generation?
mylen [45]
The best answer would be: traditional economy (specifically, it's definitely neither market economy nor command economy - in those economies the family does not necessarily play a role in the chose of roles).

An example of such strict economic roles is ancient India - and the roles are called castes.
5 0
3 years ago
Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discr
Novay_Z [31]

Answer: a) -A tax cut

-Additional spending on national park facilities

b) Expansionary fiscal policy

Explanation:

Fiscal Policy refers to how the government of a country is using it's spending and taxes to influence Economic conditions on a Macro level.

The keywords for this question are TAXES and SPENDING.

The means that a Discretionary FISCAL policy includes Taxes and Spending.

Now the way to close the Recessionary gap that is opening is to put more money into the Economy. The Government can do this by REDUCING TAXES which will means people have more money to spend and ADDITIONAL SPENDING on NATIONAL PARK FACILITIES as this means that the government is pumping more money into the Economy.

The discretionary fiscal policy needed to bring the economy closer to potential output is an example of an EXPANSIONARY FISCAL POLICY.

This is where the Government aims to put more money into the economy so that growth can be acheived and they do this by lowering taxes and increasing spending either singularly or simultaneously.

3 0
3 years ago
Jerry and the team working on the Roger Tire company marketing research project are developing ways to test their hypothesis tha
alexira [117]

Answer:

C. Descriptive research

Explanation:

According to my study on the different types of research methods, I can say that based on the information provided within the question the type of research that they are conducting is called a Descriptive Research Method. This method focuses on describing different types of characteristics of the population or phenomenon that is being studied. This can be said because they are describing a small population of the truck drivers and their preferences.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
"Steele Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. Steele Co
adell [148]

Answer:

B) $ 4.25

Explanation:

From the data provided in the question, we need to classify the items into manufacturing costs.

Salary of production supervisor                                        $ 40,000

Indirect materials                                                                $   8,000

Rent on factory equipment                                                <u>$  20,000</u>

Total manufacturing costs                                                  <u>$ 68,000</u>

Estimated Machine Hours                                                      16,000

Manufacturing Overhead - $ 68,000/ 16,000 hours         $   4.25 per machine hours                                        

The other items provided in the question, sales commission and advertising expenses are selling expenses and are not manufacturing costs.

6 0
3 years ago
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