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Readme [11.4K]
3 years ago
10

Troy received a gift of 100 shares of stock from his grandmother on July 1 of the current year. Troy's grandmother had owned the

stock for 15 years and had a basis of $14 per share. On July 1, the date of the gift, the stock was selling for $39 per share. What is Troy's basis in the stock?
Mathematics
1 answer:
kumpel [21]3 years ago
4 0

Troy has a basis of $39 per share

total value of shares is $3900

Step-by-step explanation:

On July 1, the date of the gift, the stock was selling for $39 per share.

Troy's basis in the stock  = current value of shares

No need to consider the base rate which is in 15 years ago

The current rate of 100 shares =  $39 × 100 =  $3900

Troy has a basis of $39 per share

total value of shares is $3900

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Need answer ASAP thanks!
barxatty [35]

Answer:

assuming its an annual interest

Okay so 6 percent interest, the bank is paying you.
So with this it’s 6 percent of 1500 and add it to 1500.

You can always find 6 percent of 1500 and then add but here’s a short cut.
Your principle (beginning) balance is 1500.
That’s already 100 percent since thats yoru original value.
You then get added 6 percent interest.
We are jsut adding 6 percent to 100 percent so 106 percent.
Now we solve normally and you’d get the answer faster.

106 percent is 106/100 or 1 3/5 or 1.06

now we multiply
1500 * 1.06 = 1590

Your final balance would be 1590 after the 6 percent interest is added.

5 0
2 years ago
If Joe makes 16 out of 40 free throws in a
abruzzese [7]
The answer would be 6.4% because you have to do 16% of 40 and it will give you 6.4 and as a percent it is 640%
8 0
3 years ago
What does the symbol for factorial function (n) mean
vfiekz [6]

Answer:

see explanation

Step-by-step explanation:

The meaning of n factorial → n !

n ! = n(n - 1)(n - 2)........ × 3 × 2 × 1

For example

7 !

= 7 × 6 × 5 × 4 × 3 × 2 × 1

3 0
3 years ago
Which equations have equivalent expressions?
Kazeer [188]

Answer:

A,D,E

Step-by-step explanation:

i. 2t+3t=6t

5t=6t

ii. 2a+2b=4ab

iii. x+3=4x

5 0
3 years ago
Please please!!!! HELP
wlad13 [49]

Answer:

Part A: 38

Part B: 5 or 4 got two different answers

Part C: range because it tells how many numbers are involved apart from the smallest and largest

Step-by-step explanation:

Part A: highest number - lowest number

78-40

Part B

5 0
3 years ago
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