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mel-nik [20]
3 years ago
10

Rudy bought 10 shares of fat cat, inc. stock on january 1,2017. rudy paid $20 for each share. at first, it appeared that rudy ha

d made a good investment, as the price of fat cat stock rose to $50 per share on march 1, 2017. however, rumors of corporate wrongdoing soon started to circulate and the price of fat cat began to fall. on august 1, 2017, fat cat, inc. declared bankruptcy and announced that the stockholders should not expect to receive anything on the liquidation of the corporation. what type of loss does rudy have in 2017, if any?
Business
1 answer:
stiv31 [10]3 years ago
6 0

He would would have a short term capital loss of $200 (10 shares at $20 each)

Short term losses are considered losses on assets that have been held for less than 1 year.

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alexandr1967 [171]

Answer:

a higher balance can increase interest rate

4 0
3 years ago
Exercise 9-16
antiseptic1488 [7]

Answer:

Loss on sale of delivery equipment =  $3,700

Explanation:

The following journal entry to record the exchange for Sheridan’s Delivery Company.

Delivery equipment debit (fair value)                  $2,800

Loss on sale of delivery equipment debit          $37,00 (Note - 1)

Accumulated depreciation debit                         $15,000

Delivery equipment (original cost) credit            $21,500

Note: Calculation: Loss on sale of delivery equipment = cost price of delivery equipment - accumulated depreciation - disposal of delivery equipment.

Loss on sale of delivery equipment = $21,500 - $15,000 - $2,800.

Loss on sale of delivery equipment = $21,500 - $17,800

Loss on sale of delivery equipment =  $3,700

7 0
4 years ago
Amie was recently hired at Kreigmeister Industries as a repairperson. She was informed that if she chose not to join the union r
White raven [17]

The correct answer would be, Agency Shop Agreement.

She was informed that if she chose not to join the union representing her fellow repair workers, she would still have to pay a fee to the union. Apparently Kreigmeister operates under an Agency Shop Agreement.

Explanation:

Agency Shop Agreement is basically an agreement. This is a type of agreement used as the union security agreement. According to this agreement, workers who are the members of the union, and the workers who are not the members of the union, all have to pay the union fee.

This fee has to be given by the non members as well, because all employees get benefit from the collective bargaining efforts. The union's efforts for the employees are not only for the union members, but are for all the employees of the company.

Learn more about Unions at:

brainly.com/question/2345503

#LearnWithBrainly

5 0
3 years ago
A typical grocery store in the United States may sell oranges grown primarily in California during part of the year and oranges
Rama09 [41]

In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.

<u>Explanation</u>:

Orange is a seasonal fruit. The growth of orange can be witnessed from November to April in the United States of America. The supply of orange will reach its peak during January-March.

Oranges are good source of vitamin C and are rich in nutrition. The antioxidant in the orange helps in lowering the risk of heart disease and kidney stones.

In United States, the oranges are available round the year because the grocery stores sell oranges that are grown in locations with similar climates but different growing seasons.

4 0
3 years ago
The Swanson Group is an organization that has facilities located in five different countries and treats cultural differences as
Artyom0805 [142]

That The Swanson Group is located in five different countries with different departments in each country to facilitate efficient and flexible production of their merchandise implies that The Swanson Group is a <u>multinational organization</u>.

<h3>What is a multinational organization?</h3>

A multinational organization usually operates in more than one country.

Any organization that controls production activities from <u>more than one country</u> is not a national organization.

Thus, The Swanson Group is an example of a <u>multinational organization</u>.

Learn more about multinational organizations at brainly.com/question/913870

4 0
2 years ago
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