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lord [1]
3 years ago
6

An affiliate of an issuer that holds control stock for five months sells 1,000 shares for a $10,000 profit. How will this transa

ction be treated
Business
1 answer:
Marysya12 [62]3 years ago
6 0

Answer:

The Profit will be given to the insurer after been removed from the affiliate .

Explanation:

Based on the information given this transaction be treated by removing the profit which is the amount of $10,000 from the affiliate which is an affiliate of the insurer and then given the insurer the profit amount of $10,000 which was removed from the affiliate reason been that the control stock was been holds by the affiliate for five months in which it was later sold which means that the control stock was sold before the six month holding period.

Therefore the Profit will be given to the insurer after been removed from the affiliate .

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Each day you have $5 for lunch. Today, you decided to save $2
prisoha [69]

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

Explanation:

The term money can be defined as a thing that serves as

  • A medium of exchange which is usually financial in nature.
  • It is used by the borrower to repay back to the lender-used to repay the debt.
  • It is used as an unit of accounting to measure your income and expenditure.
  • It is used to store the value of money -in other words used to save  the  purchasing power of an individual

Thus we can say that ,

Each day you have $5 for lunch. Today, you decided to save $2  and buy the chicken salad tomorrow for $6.50-<u>In this case the money is being used </u>

<u>to save and store the purchasing power</u>

8 0
3 years ago
Aneal is a very successful employee in the IT department. His supervisor wishes to recognize him with a promotion to give him mo
steposvetlana [31]

Answer:

C. She can offer Aneal a position on an individual contributor career track and the title of senior IT specialist.

Explanation:

8 0
3 years ago
Read 2 more answers
The following information relating to a company's overhead costs is available. Actual total variable overhead $ 73,000 Actual to
Andrei [34K]

Answer: $2,000 favorable

Explanation:

Total variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Budgeted variable overhead = Budgeted machine hours allowed for actual output * Budgeted variable overhead rate per machine hour

= 30,000 * 2.50

= $75,000

Total variable overhead variance = 75,000 - 73,000

= $2,000 favorable

Favorable because the actual amount was less than the budgeted one.

6 0
2 years ago
Harriet died before she had a chance to prepare a will. What will MOST likely happen to her estate?
timofeeve [1]

Answer:

the answer is d!

Explanation:

I hope this helps

8 0
3 years ago
Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he
Blizzard [7]

Answer:

Holder in due course

Explanation:

A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders

So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft

6 0
3 years ago
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