A common market also called a trading bloc is a regional group of countries with a common external tariff, no internal tariffs, and coordinated laws to facilitate exchange among members. A legal agreement that creates a collection of nations that adopt a common external tariff is known as a common market.
In a common market, nations also permit free commerce as well as the free movement of capital and labor inside the group. The goal of common markets is to encourage the free flow of people, capital, products, and services between the member states. Common markets can be discovered on a regional or international scale.
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By providing a means for reliable transportation, the railroads made the regular shipping of manufacturing supplies and manufactured goods in mass quantities possible.<span> As a result, the railroads laid the groundwork for the Industrial Revolution through providing a foundational need in the development of industry.</span>
Answer: $900
Explanation:
The Total Capital of the company before Zell was admitted was;
= Capital balances + Goodwill
= 600 + 800 + 700
= $2,100
If they admitted Zell in with a 30% interest, this means that the $2,100 is equivalent to 70% of the company's capital.
If that is the case then Total capital is;
= 2,100/ 70%
= $3,000
Zell's contribution is;
= 30% * 3,000
= $900
Answer:
Ms. Fresh loss will be $800 and Basis in new shares is $3,950
Explanation:
Her Loss on sale of stock would be computed as:
Loss = Sale Value - Purchase price
= $4,800 - $5,600
= ($800)
As she repurchased the IBIS stock within the expiry of 30 days, she is not allowed to deduct the LTCL (Long Term Capital Gain ) from gain. So, LTCL will be $0.
The basis in new shares is computed as:
Basis = Previous loss + Price paid
= $800 + $3,150
= $3,950
The Horizontal line would represent the price of the tricycles, whereas the vertical axis would represent the number of tricycles sold.
