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zloy xaker [14]
3 years ago
13

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 fifteen 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?
Business
1 answer:
BARSIC [14]3 years ago
7 0

Answer:

$14/stock

Explanation:

Based on the information gathered from this question, It can be said that Troy's basis in the stock is that of $14. This is because a stock's basis is the original value in which the stock itself was acquired. Therefore since the 100 stocks that were gifted to Troy were purchased at $14/stock then as long as he does not purchase more then the basis for those stocks remain steady at $14.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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You come across a scientific study reported in the New York Times. The study says that adults who played varsity sports in high
dangina [55]

Answer:

There is no short answer.

Explanation:

We are given an article that presents a study that suggests adults who played varsity sports in high school have a 20% higher chance of earning a bachelor's degree in college than the ones who did not play during high school.

The outcome variable in this example, which is also the same as a dependent variable, is the chance of graduating from college with a bachelor's degree, which depends on whether that person played varsity sports during their high school years or not.

The treatment variable in this example, which is also the same as an independent variable, is whether the subject played varsity sports in high school or not which affects their chances of graduating from college with a bachelor's degree.

Counterfactual means thinking about an event in a way that did not actually happen, counter to the facts and it helps people feel more in control which in turn provides a psychological soothing effect. Counterfactual scenario in the given example for high school athletes would be not being able to earn a bachelor's degree despite having played sports in high school.

Thinking about the counterfactual scenario is important because it helps people get a sense of power and a feeling of control which is a primal instinct the brain needs to feel safe.

I hope this answer helps.

3 0
3 years ago
As an auditor for Bernard and Thomas, you are responsible for determining the proper classification of income statement items in
sdas [7]

Answer:

a. One of the company's restaurants was destroyed in a forest fire that raged through Southern California. Uninsured losses from the fire are estimated to be $450,000: Other expenses.

b. California Sports Grill has three operating divisions: restaurants, catering, and frozen retail foods. The company sells the frozen retail foods division of the business for a profit of $2.4 million in order to focus more on the restaurant and catering business: Discontinued operations.

c. An employee strike to increase wages and benefits shut down operations for several days at an estimated cost of $200,000: Other expenses.

d. A restaurant waiter slipped on a wet floor and sued the company. The employee won a settlement for $100,000, but California Sports Grill has not yet paid the settlement: Other expenses.

e. The company owns and operates over 40 restaurants but sold one restaurant this year at a gain of $650,000: Other revenues.

Explanation:

Other expenses in business management are non-operating expenses that a business incurs. It is a cost that isn't related to the main operation of a company's business, such as interest expense, losses incurred from disposal of a fixed asset.

Other revenues in business are revenues that are derived by a company from any source other than the company's business operations, such as a company selling one of it's restaurants.

Discontinued operations in business describes a situation where parts of a company's core business are sold, abandoned or shut down and all the profits or losses are usually reported separately on an income statement.

6 0
3 years ago
the averge woman makes 75 cents for every dollar a man makes in the workforce. this statisic would fall under which of the follo
photoshop1234 [79]
Men get treated better than women. Men are more superior. Womes Rights
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3 years ago
Unlike its competitors in the online air travel industry, Travelocity provides its customers with a greater variety of services
Trava [24]

Answer:

C. Diversification

Explanation:

Diversification is the process of a business enlarging or varying its range of products or field of operation.

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Section 2: Adapting to Changes
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Answer:

6

Explanation:

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