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ollegr [7]
3 years ago
9

Zack received a gift of stock from his uncle on June 20 of the current year. Zack's uncle had a basis in the stock of $4,000, bu

t the fair market value of the stock on June 20 was only $1,500. Zack held the stock for three months and then sold it for $1,200. What basis in the stock will Zack use to determine his gain or loss on the sale of the stock?
Business
2 answers:
DiKsa [7]3 years ago
7 0

Answer:

$4,000

Explanation:

pshichka [43]3 years ago
7 0

Answer:

The answer is $1500

Explanation:

Since the FMV is lower than the original cost of the gift the dual basis would take place.

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. If a higher level of production allows workers to specialize in particular tasks, a firm will likely exhibit ___ of scale and
snow_lady [41]

Answer:

a. Economies; falling

Explanation:

Economies of scale: It is referred to as the reduction in cost due to an increase in the scale of production. Due to efficient production, the company is able to gain a cost advantage. It also helps the consumer to enjoy lowering the price of goods in the market, which lead to an increase in demand for goods.

There are two types of economies of scale:

Internal economies of scale- It includes technical and efficient production, good management, efficient procurement, etc.

External economies of scale- It includes government policies, support and taxation policy.

Therefore in the given case, the firm is likely to exhibit Economies of scale and falling average total cost.

3 0
3 years ago
Employees who are travelling can connect securely to their office network through the internet when a ________ has been establis
lyudmila [28]
The asnwer for this question is: VPN
VPN stands for Virtual private network, which is a form of encrypted network that creates a safe connection to access a certain network.
IT will be a lot harder for hackers to get into VPN connection because VPN could block the data intrusion from the address that is not authorized by the owner.
4 0
3 years ago
when a company will reduce the number of projects they have to manage internally to only core projects and send noncritical proj
kolezko [41]

When a company will reduce the number of projects they have to manage internally to only core projects and send noncritical projects to contractors and consulting firms this is called outsourcing.

Outsourcing is the business exercise of hiring a party outdoor a company to carry out offerings or create goods that were traditionally completed in-house through the enterprise's very own personnel and personnel. Outsourcing is a practice generally undertaken by businesses as a price-reducing measure.

Some commonplace outsourcing activities encompass human useful resource control, centers control, supply chain control, accounting, customer support and service, advertising, pc aided design, research, design, content material writing, engineering, diagnostic offerings, and felony documentation.”

Learn more about company here: brainly.com/question/24448358

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8 0
11 months ago
Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $60. The mar
m_a_m_a [10]

Answer:

= $865.79

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).</em>

Value of Bond = PV of interest + PV of RV

The value of bond of Morin Company can be worked out as follows:

Step 1

PV of interest payment

PV = A ×  (1-(1+r)^(-n))/r

r- 8%, n- 10, A- interest payment = 60

PV of interest

= 60× (1- (1+0.08)^(-10)/0.08

= 402.60

Step 2

<em>PV of Redemption Value</em>

PV = RV × (1+r)^(-n)

= 1,000 × (1.08)^(-10)

= $463.193

Step 3

<em>Price of bond</em>

= $536.80 + 463.19

= $865.79

7 0
3 years ago
Sold merchandise on credit to Rondo Distributors, for $1,200, terms n/30. The cost of the merchandise was $720. 8 Purchased merc
Iteru [2.4K]

Answer:

See the explanation.

Explanation:

Account receivable Rondo Distributors debit        $1,200

Sales revenue                                          credit                 $1,200

Note: To record the merchandise sales on account. As the company used the periodic inventory system, we do not need to give the cost of goods sold journals.

Purchase debit                     10,000

Accounts payable credit               10,000

Note: To record the purchase on account.

Delivery expense  debit        $525

Cash                       credit              $525

Note: To record the payment of the delivery expense.

8 0
3 years ago
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