Answer: $52,500
Explanation: property worth when Beth recieved it $250,000
After 10years the property was worth $390,000 ( when she could receive full title)
Beth held own for 11years before selling it off at $470,000
Cost inflation index = index for financial year 2010-11 / index for financial year 2001-02
CII = 167/100 = 1.67
Index cost of purchase = CII × purchase price
1.67 × $250,000
= $417,500
Capital gain = selling price - index cost
= $470,000 - $417,000
= $52500
Answer: Market Penetration.
Explanation:
Macy is making use of sales promotion and adverts, which aims at increasing their market penetration. Market penetration involves the measures put in place by a business to increase their market presence and gain customers.
Answer:
Joel would save tax of $540 if the stock was held for more than a year
Explanation:
If the stock is held for more than one year and then sold then the gain on sale would be long term capital gain
The long term capital gain would be charged at preferential rate of 15%
Calculate long term capital gain tax on sale
Long term capital gain (Sale price - Purchase price)*No of shares
Long term capital gain (58-31)*100
Long term capital gain $2700
Tax on long term capital gain 2700*15%
Tax on long term capital gain $405
Savings in tax 945 - 405
Savings in tax $540
Thus, Joel would save tax of $540 if the stock was held for more than a year
Answer:
A decrease in both the market equilibrium price and the market equilibrium quantity of autos sold.
Explanation:
A fall in the demand for automobiles would shift the demand curve to the left.
As a result of the leftward shift, both equilibrium price and quantity would fall.
I hope my answer helps you
This answer should be true