1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
True [87]
3 years ago
10

Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and

his son, mijo, inherited the stock. mijo sold the stock for $14,200 on november 12, 2017. what is the amount and character of mijo's gain or loss?
Business
1 answer:
Alinara [238K]3 years ago
4 0
Mijo made $2,200 profit. The initial investment had nothing to do with him therefore it is not considered his loss because the initial investment did not belong to him. Once he inherited the stock at $12,000 his personal profit/loss began to occur. Also the character of the profit would be not a fixed remuneration becauae of the flux of the markets, fees, etc.
You might be interested in
Outline the benefit of running a business
steposvetlana [31]

Answer:

Explanation:

"Owning and running your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find they enjoy the respect they earn from their peers for having the courage to go out on their own. Power. Don't be surprised if power is one of your goals."

7 0
4 years ago
Read 2 more answers
For this chart, use an APR of 15%. You will make monthly payments. Round your answers to the nearest cent.
Gnoma [55]

what

the

fridge

eat

frog

legs

instead

Round answers, its already rounded, lol

3 0
3 years ago
What is scientific management theory??​
nignag [31]
Scientific management is a management theory that analyzes work flows to improve economic efficiency, especially labor productivity.
5 0
3 years ago
Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.
den301095 [7]

The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:

b.) A toy company sells a defective rocket launcher that injures a young boy. The sales contract excludes responsibility for all consequential damages related to the sale of its products, so the company only agrees to refund the cost of the defective toy.

<h3>What is UCC for contract remedies for a seller's breach of contract?</h3>

Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period.  Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC).  The code sets the same comprehensive laws for all commercial activities in the US.

Thus, option "C" is correct.

To learn more about UCC  click here:

brainly.com/question/13640672

#SPJ1

8 0
2 years ago
In 2013, the Social Security Administration announced that the Social Security Maximum Taxable Earnings would be capped at $113,
Nadya [2.5K]

Answer:

Regressive tax

Explanation:

Social Security tax is the tax that is not exempted from employers and employees and which the funds are used to finance the Social Security program.

The Social Security tax finances the retirement, disability, and other benefits that eligible Americans receive under the Old-Age, Survivors, and Disability Insurance (OASDI) Program - the legal name of Social Security in the United States of America.

It is a Regressive tax in the sense that it takes a larger percentage of income from low-income earners than from their high-income counterparts, thereby further widening the already wide social divide between the rich and the poor.

5 0
3 years ago
Other questions:
  • Marketers describe the way a consumer processes information to arrive at brand choices as ________.
    5·1 answer
  • Which of the following statements is false? Multiple Choice Prepaid insurance is a deferred expense. Prepaid insurance represent
    14·1 answer
  • What are the phases in a business cycle?
    10·2 answers
  • Although maybelline would like to use ____ as a consumer sales promotion method, this method has extremely high labor costs that
    12·1 answer
  • When oil prices go up, we tend to see less investment by consumers in _____________________.
    11·1 answer
  •  In the circular flow of the US economy, what does government provide to households? 
    14·2 answers
  • Other things equal, the monopsonistic employer will pay a
    14·1 answer
  • Federico just bought a trampoline. Which of the following could have been an internal factor that influenced Federico decision.
    5·2 answers
  • At the beginning of the period, the Cutting Department budgeted direct labor of $52,350 and supervisor salaries of $42,150 for 3
    13·1 answer
  • What is one reason to fill out the Free Application for Federal Student Aid (FAFSA), even if you do not expect aid?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!