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s2008m [1.1K]
3 years ago
5

John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On

December 12, 2017, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction.
What is John's adjusted basis in the 1,000 shares of Intel stock?
Business
1 answer:
fenix001 [56]3 years ago
4 0

Answer:

$30,750

Explanation:

Given that,

Shares purchased = 1,000 shares of Intel stock

Price per share = $30

Commission paid to broker = $750

John's adjusted basis:

= Purchase price + Commission paid to broker

= (No. of shares purchased × Price per share) + $750

= 1,000 × $30 + $750

= $30,750

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Yes,  the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.

<h3>What is inappropriate conduct?</h3>

Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.

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7 0
2 years ago
Which of the following statements is true? Group of answer choices An explicit cost is an actual cost; an implicit cost is a the
professor190 [17]

Answer:

Economic costs include both explicit costs and implicit costs.

Explanation:

  • In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
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2 years ago
Maxim County just completed construction of a new town hall to be used for its governmental offices. The employees have moved in
Svet_ta [14]

Answer:

The answers are:

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At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.  

5 0
3 years ago
Twenty years ago, you began investing $250 a month. because your investments earned an average of 8 percent a year, your investm
DaniilM [7]
You invest $250/mo. over 12 months that equals $3,000 invested per year.
$250*12=$3,000/per year invested
$3,000 per year for 20 years equals $60,000 invested.
$3,000*20=$60,000 invested
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3 0
3 years ago
Read 2 more answers
The literacy rate is ____.
Alisiya [41]

Answer: the proportion of a country's people that can read and right

Explanation:

originally literacy rate is based on the number of LITERATE persons in a give age group.

4 0
3 years ago
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