Answer:
C. Agents
Explanation:
They are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.
Answer:
d) $25,000 capital gain and a tax basis in each of her remaining shares of $500.
Explanation:
Calculation to determine the tax consequences to Pam as a result of the stock redemption
Using this formula
Capital gain = Total amount - Tax basis
Let plug in the morning
Capital gain = (50 * $1,000) - ($500 * 50)
Capital gain = $50,000 - $25,000
Capital gain = $25,000
Since the Capital gain is $25,000 which means that The tax basis will be income tax basis in each share of $500 for the remaining 50 shares.
Therefore the the tax consequences to Pam as a result of the stock redemption will be:$25,000 capital gain and a tax basis in each of her remaining shares of $500.
Answer:
Present value=Cash flows*Present value of discounting factor(rate%,time period)
=50/1.07+50/1.07^2+50/1.07^3+250/1.07^4+400/1.07^5+600/1.07^6
=$1006.94(Approx)
Future value=1006.94*(1.07)^6
=$1511.14(Approx).
Explanation:
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
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