Answer:
The answer is: Ms. Crocker LTCL is $0 and her basis for her 1,000 shares purchased in 2020 is $8,000
Explanation:
Ms. Crocker initially bought 1,000 stocks at $10,000, then she sold her stock at $9,000 losing $1,000. Then she again bought the same stock for $7,000. She can offset her initial loss ($1,000) and instead add it to the value of the stock purchased later. So instead of having 1,000 shares with a $7,000 value, she can value her stock at $8,000.
Answer:
The answer is: Annuity B has a smaller present value than annuity A.
Explanation:
The present value is the current value of a future cash flow. Money today is worth more than money earned tomorrow or in a year. So the sooner you receive a payment, its present value will be higher.
For this question, annuity A starts paying TODAY (higher present value), while annuity B starts paying in ONE MONTH.
Answer:
The average cost will be "$201". The further explanation is given below.
Explanation:
<u>At May 31, FIFO LIFO Average cost</u>
<u>The ending inventory </u> $220 $180 $201
Going to end Inventory Computation together under Quarterly inventory management system will be:
At $11 = $220
At $9 = $180
$10.06 = $201.2 i.e $201.
Answer:
false
Explanation:
For that reason, an entrepreneur relates to the individual who arranges and runs a company or enterprise, carrying on larger than average financial risks. Entrepreneurs simply think in a different manner and perform certain activities in different ways.
Being entrepreneurial can imply inside understanding of your business and being willing to use that skills to make new possibilities. Being creative may involve openly sharing ideas, and embracing so-called mistakes as learning and interactions developing.
Thus, from the above we can conclude that the given statement is false.
