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ASHA 777 [7]
3 years ago
8

A customer has purchased 5,000 shares of ABC Corporation stock in lots of 100 shares over an extended period of time at varying

prices. The customer now sells 500 of the shares. Which statement is TRUE?
a. IRS rules require that First In First Out accounting to be used to identify the shares sold when computing any gain or loss
b. IRS rules require that LIFO accounting be used to identify the shares sold when computing any gain or loss
c. IRS rules allow the taxpayer to specify which shares being sold
d. IRS rules require that the method giving the largest capital gain be used
Business
1 answer:
ozzi3 years ago
8 0

Answer:

c. IRS rules allow the taxpayer to specify which shares being sold

Explanation:

As eahc method will make the capital gain or loss to differ the Internal Revenue Service leaves to the stockholder to decide the method

The default method is the FIFO method which states the first shares purchased are the first sale but, leaves choise to the stockhodler to use specific identification which, is what the statement correctly points out.

The method are not "required" but allowed as the stockholder see fit.

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A college student purchased a car priced at $10,000. She paid $1,000 down and agreed to a monthly payment of $200 per month for
Fynjy0 [20]

Answer:

$10,600

Explanation:

The total amount that the students will pay will be the total of monthly installments plus the deposit

Deposit =$1000

total monthly installments = $200 x 48 = $9600

The total amount he will pay = $ 9600 +$1000

=$10,600

5 0
3 years ago
produces class rings. Its​ best-selling model has a direct materials standard of grams of a special alloy per ring. This special
lozanna [386]

Complete Question:

Collegiate Rings produces class rings. Its best-selling model has a direct materials standard of 8 grams of a special alloy per ring. This special alloy has a standard cost of $65.40 per gram. In the past month, the company purchased 8,700 grams of this alloy at a total cost of $567,240. A total of 8,300 grams were used last month to produce 1,000 rings. Read the requirements. Requirement 1. What is the actual cost per gram of the special alloy that Collegiate Rings purchased last month? (Round your answer to the nearest cent.) The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $

Answer:

Collegiate Rings

The actual cost per gram of the special alloy that Collegiate Rings purchased last month is $65.20

Explanation:

Calculations:

Actual Cost per gram of special alloy = Total Actual Cost/Total Actual Quantity

= 567,240/8,700 grams

= $65.2

This value represents the cost of the special alloy per gram.  It is obtained as calculated above.  Price or cost per unit is always equal to the actual cost divided by the total quantity.  The actual cost will be equal to the price charged by the supplier less any discounts or special allowances.

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4 years ago
Infomercial are _than commercials.
Oksana_A [137]
The answer is D.Shorter
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3 years ago
Read 2 more answers
Without a strong legal systems in a market economy:
STALIN [3.7K]

Answer:

<u>A) private-sector entrepreneurs can expropriate the profits generated by the efforts of private and public entities.</u>

Explanation:

  • As there exist four basic structures of the market economy in the form of perfect competition, imperfect competition, oligopoly, and monopoly.  
  • Thus without any legal system of trade in the market economy, the profits that are generated by the public and private sectors can be taken away by these entities as a large number of small firms tends to compete in the market against each other with there homogenous products.
  • Thus under such circumstances, the market economy would deprive all the profits made by the other forms in the market and put barriers to entry for others. Buyers thus will be deprived of the quality products.
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4 years ago
Employee morale at dos santos, inc., is very high. this type of informtaion is an example of:_______
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Employee morale at dos Santos, inc., is very high. this type of information is an example of <u>Qualitative Data</u>

<h3>Qualitative data: What are they?</h3>

Information that approximates and characterizes is what qualitative data are. Qualitative information can be observed and recorded. This particular data type is not numerical. This kind of information is gathered using focus groups, one-on-one interviews, observations, and similar techniques. In statistics, categorical data, or information that can be categorized based on the characteristics and traits of an object or phenomena, is often referred to as qualitative data.

It is frequently referred to as categorical data because qualitative data can be categorized.

Imagine a situation where a student reads aloud in class from a section of a book. A teacher who is listening to the reading offers feedback on the passage that the student read. An example of qualitative data is when a teacher gives feedback to a student without deducting points for fluency, intonation, word choice, or pronunciation clarity.

As a result, dos Santos, Inc. has exceptionally high employee morale. This kind of data is an illustration of qualitative data.

For more information on <u>Qualitative Data</u>, refer to the following link:

brainly.com/question/12929865

#SPJ4

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1 year ago
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