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Assoli18 [71]
2 years ago
13

To expand her portfolio, Piper recently purchased 400 shares of common stock in the Rail Car Manufacturing Company, a manufactur

ing firm in Nevada. The current market price of RCM’s common stock is $19.45 per share. Piper’s total wealth from her investment in Rail Car Manufacturing Company is ___.
Business
1 answer:
victus00 [196]2 years ago
6 0

Answer:

=$7,780

Explanation:

Calculating Piper's total wealth from her investment

Piper purchase of Common Stock = 400 Shares

The market price of Rail Car Manufacturing Company= $19.45

The total wealth from her investment

= 400 shares x $19.45

=$7,780

The wealth from investment is usually calculated as the value of the shares bought in the company based on the current market price of that shares at the time they were bought.  

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Bob owned a duplex used as rental property. The duplex had an adjusted basis to Bob of $86,000 and a fair market value of $300,0
White raven [17]

Answer:

$12,000

Explanation:

Gain = Sold duplex - Fair market Valve

Gain = 312,000 - 300,000

Gain = $12,000

Therefore $12,000 gain was recognized

3 0
3 years ago
The understatement of the ending inventory balance causes:
Nina [5.8K]

Answer: The correct answer is "E. Cost of goods sold to be overstated and net income to be understated.".

Explanation: The understatement of the ending inventory balance causes:  

<u>Cost of goods sold to be overstated and net income to be understated.</u>

8 0
3 years ago
Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regardi
german

Answer:

$55,300

Explanation:

Calculation to determine what The net income for December would be:

NET INCOME FOR DECEMBER

Revenue $327,000

Less cost of goods sold ($228,900)

(70%*$327,000)

Gross profit $98,100

($327,000-$228,900)

Less Depreciation ($17,400)

Less Operating expenses ($25,400)

Net Income $55,300

Therefore The net income for December would be:55,300

3 0
2 years ago
Suppose that a simple society has an economy with only one resource, labor. Labor can be used to produce only two commodities ax
max2010maxim [7]

Answer:

a, The PPF intersect the Y-axis at 1000 units of luxury goods

   The PPF intersect the X-axis at 500 units of necessity good

    It means that when the society produces zero units of necessity, it can          produce 1000 units of luxury goods and if they use all resources to produce necessity, they can produce 500 units only

b. The economy can produce at a point inside the curve IF (1) There is underutilized of the available resources. (2) There is inefficiency in the use of resources  

c. I will want to produce more necessity than luxury. The decision on which point the society will want to be depend on the type of economic system being practiced by my society, if it is free market, the price system will determine it and for a socialist system, the government decides.

d. If I am a dictator, I will make decrees as to the economic direction I want for the society and where the product distribution is left to the free market, the price system decides.

Explanation:

The production possibility frontier is a graph that shows the trade-off between two commodities which a country can be assumed to produce. An economy can operate on the PPF in which case it is using its resources to the fullest. It can operate inside the curve which means under-utilization of resources or inefficiency in resources utilization. A country cannot operate outside the curve except there is technological progress or economic growth.

Download docx
4 0
3 years ago
Which of the following hitches are allowed home depot
IceJOKER [234]
Post a picture or something because that doesn’t make any sense
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