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Bumek [7]
2 years ago
11

Kevin bought 300 shares of Intel stock on January 1, 2019, for $90 per share, with a brokerage fee of $200. Then, Kevin sells al

l 300 shares for $95 per share on December 12, 2019. The brokerage fee on the sale was $250. What is the amount of the gain/loss Kevin must report on his 2019 tax return?
Business
1 answer:
DiKsa [7]2 years ago
4 0

Answer:

$27,200

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

Kevin's basis = (300 shares x $90 per share) + $200 in sales commission

Kevin's basis = $27,000 + $200 = $27,200

Hope This Helps! :D

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Write a program that calculates the minimum fixed monthly payment needed in order pay off a credit card balance within 12 months
salantis [7]

Answer:

monthly payment = (total amount owing+interest to be paid) / 12 months

Explanation:

Monthly repayments include the total amount owing on the credit card, plus the interest to be paid. This amount should then be divided into 12 monthly payments in order to get one constant amount to be paid each month for the 12 month period. We will assume there are no other factors affecting the amount, other than interest.  

The formula to calculate the monthly repayments in the credit card is as follows:

(total amount owing + interest) / 12 months

For example, say the amount owing was $100 and the total interest to be paid was $20; the monthly repayment would be calculated as ($100+ $20) / 12 months. This would mean the credit card holder pays $120/12 = $10 per month in order to repay the debt.

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2 years ago
Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?
rusak2 [61]
At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.
5 0
2 years ago
A group of users can perform certain operations on a shared workbook. Which option helps them to update and track changes in the
Radda [10]

Answer: Edit option allows everyone in a group to edit the contents work

Explanation:

Hope it helps

6 0
3 years ago
Name and describe three ways that companies can benefit from being ethical.
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Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
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3 0
3 years ago
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Galina-37 [17]

Answer:

Story

Explanation:

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So Herb Kelleher's visit that night will act as a story in the organizational culture because of the impart it had on everyone.

8 0
2 years ago
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