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kirza4 [7]
4 years ago
13

Helen Chambers owns and manages an apartment building. She also paints seascapes that she and sells, and she published several v

olumes of art criticism for which she owns the copyrights. With the profits from the books, she acquired stock in a local art supply company. If Helen sold any foregoing property, which would give rise to capital gains.
Business
1 answer:
mojhsa [17]4 years ago
8 0

Answer: Stock in the local art supply company.

Explanation:

Helen can only make a capital gain on assets that she actually owns. She only manages the apartment building but does not own it so if she sells any property, it does not contribute to her capital gain.

The stock in the local art supply company is hers however so if the prices of the stock increased from when she bought it and she sells it, that would give rise to capital gain.

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Answer:

a. $300 and $60

b. 50 shirts and $750

Explanation:

The computation is shown below:

a. The total revenue would be  

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= $7

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So, the break-even sales is

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= 50 shirts

And, the revenue is

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