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3 years ago

David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:

Business

2 answers:

AURORKA [14]3 years ago

7 0

Answer:

Capital Loss

Explanation:

A capital loss occurs when an investment asset decrease in value between the time of purchase and the time for selling. The loss is realized only when the asset is sold. Examples of investment assets that can lose value include stocks, mutual funds, index funds, real estate, and bonds.

A capital gain or loss is the purchase price minus selling price of an investment asset. Capital gain is when the result is positive, implying that the asset has appreciated in value. A capital gain always attracts tax. David experienced a capital loss of $3000 as the selling price was lower than the buying price ($ 4000-$1000).

nalin [4]3 years ago

3 0

Answer:

The sale results in a capital loss of $3,000.

Explanation:

The stock was bought for $4,000 and was later sold for $1,000 one year later. It means that David lost $3,000 on the stock.

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Answer:

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Explanation:

Data provided in the question

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2 years ago

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yaroslaw [1]

Answer:

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Explanation:

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2 years ago

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kari74 [83]

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3 years ago

Gardner Company expects sales for October of $249,000. Experience suggests that 45% of sales are for cash and 55% are on credit.

yarga [219]

Answer:

$68,475

Explanation:

Data provided

Sales in October = $249,000

Credit percentage = 55%

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The calculation of accounts receivable is shown below:-

Credit sales in October = $249,000 × 55%

= $136,950

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3 years ago