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lions [1.4K]
3 years ago
11

On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On De

cember 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Business
1 answer:
klio [65]3 years ago
8 0

He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again

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In the case of a positive relationship between two variables, all else remaining constant:
olasank [31]
The answer is true, it is because if two variables are having the same relationship having to have a positive effect, then both will move in the same direction in which both will produce a constant relationship, so the answer is true as all else remains constant.
5 0
3 years ago
A produceer plans an outdoor regatta for April 28th. The cost of the regatta is $9,000. This includes advertising, security, pri
dalvyx [7]

Answer:

expected profit  = $6600

Explanation:

given data

cost of the regatta = $9,000

profit = $15,000

probability of rain =  0.35

to find out

the producer's expected profit

solution

we know that expected profit is express as

expected profit = profit if no rain - loss if rain     ..................1

put here value as here

expected profit = profit if no rain - loss if rain

expected profit = (100 - 35 % )  × $15000 -  35% × ($9000)

expected profit  = $6600

8 0
3 years ago
A firm produces and sells two products, Mica and Plax. The following information is available relating to setup costs (a part of
LenaWriter [7]

Answer:

The amount of set-up cost allocated to each product:

Plus = <u>$2,250 x 19 set-ups</u>

                380 units

        = $112.50 per unit

Max = <u>$2,250 x 37 set-ups</u>

                 18,500 units

       = $4.50 per unit

The correct answer is D

Explanation:

In order to obtain the amount of set-up allocated to each unit of Plus and Max, there is need to multiply the set-up cost per unit by the number of set-up for each product divided by number of each unit produced.

7 0
3 years ago
Suppose you are committed to owning a $220,000 Ferrari. If you believe your mutual fund can achieve an annual return of 10.85 pe
jok3333 [9.3K]

Answer:

2,291,520

Explanation:

220,000×10.85%=23,870

23,870×96=2,291,520

7 0
3 years ago
What would be an appropriate way to calculate owner's equity for a bank?
m_a_m_a [10]
<span>The owners equity is the difference between the assets and liabilities of a company. To do this, one would add up all of their assets, including monetary, and add up all potential liabilities. The liabilities are then subtracted from the assets.</span>
8 0
4 years ago
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