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
algol13
3 years ago
10

Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey.

Business
1 answer:
padilas [110]3 years ago
8 0

Answer:

d)$1,100 long-term capital gain

Explanation:

Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.

You might be interested in
In a gift of a parcel of real estate, one of the two owners was given an undivided 60 percent interest and the other received an
hram777 [196]

Answer:

D) Tenants in common

Explanation:

To be tenants in common you must be part of a tenancy in common agreement. A tenancy in common agreement is a situation in which 2 or more people hold interest in a property and each owner has the right to leave their share of the property to a beneficiary upon their death.

This doesn’t mean you own separate parts, but that you have separate interest in the whole property.

Tenants in common can have different ownership interests, e.g. Smith may own 60% of a property and Michael may own 40%.

4 0
3 years ago
Using a large value for order k in the moving averages method is effective in
Masteriza [31]

Answer:

The correct answer is A that is smoothing out the random fluctuations.

Explanation:

The higher values of K states the greater number of the values which need to be consider for forecasting.

When consider or taking the larger or the higher value of the irregular fluctuation which could be decreased or reduced.

And as a consequence, the large value of K will be used for smoothing of the random fluctuations.

Therefore, the right answer is smoothing of the random fluctuations.

4 0
3 years ago
Which of the following terms means that people want more things than they can easily acquire?
Law Incorporation [45]
B is the answer. you cant acquire many supplies.
6 0
3 years ago
Futura Inc. introduced an automobile that could run completely on electricity for longer periods of time than any other electron
Juli2301 [7.4K]

Answer:

Disruptive innovation.

Explanation:

Disruptive innovation is one that creates the way a market operates, that is it creates a new market and disrupts the old one. Existing firms and products are displaced.

In this instance when Futura Inc. introduced an automobile that could run completely on electricity for longer periods of time than any other electronic or hybrid automobile, it introduced a product that will cause disruptions in the current automobile industry.

Although there was challenges of frequent repairs, this was eventually resolved.

8 0
3 years ago
Which section of a business plan gives details about a business’s core products and services?
yuradex [85]

Answer:

the executive summary. (more info below)

Explanation:

A strong executive summary is a convincing one. It shows the mission statement of the organization, along with a brief summary of its goods and services. It may also be a smart opportunity to clarify briefly why you are beginning your company and to give specifics about your background in the field that you are joining.These four key sections are what the 4 major sections of a business plan, the executive summary, marketing plan, key management bios, and financial plan.

hope this helped!

5 0
3 years ago
Other questions:
  • The traditional income statement for Pace Company shows sales $900,000, cost of goods sold $600,000, and operating expenses $200
    11·1 answer
  • Once you are signed up for overdraft protection, you cannot opt out?<br>True or False​
    15·1 answer
  • McCoy's Fish House purchases a tract of land and an existing building for $910,000. The company plans to remove the old building
    12·1 answer
  • Which of the following is a guideline for managers to evaluate employees?
    15·1 answer
  • Steve introduces in-house technical training programs for employees, as well as a provision to reimburse the tuition fees for em
    11·1 answer
  • The opportunity cost of a decision is measured in terms of
    11·1 answer
  • As a certified public accountant, you have been contacted by Joe Davidson, CEO of Sports Pro Athletics, Inc., a manufacturer of
    6·1 answer
  • two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $235,000, variable expenses of $132,600,
    7·2 answers
  • Parking costs are incurred regardless of how well an event does.
    12·1 answer
  • there are external vendors that stock and maintain magazine departments of the kmart retail establishment. they don't posess the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!