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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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If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
Snowcat [4.5K]

Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = C_0(1+r)^n

C_0 is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

44,089.92= 35,000(1+0.08)^n

\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

\Rightarrow(1.08)^n = 1.259712

\Rightarrow (1.08)^n=(1.08)^3

\therefore n= 3

Therefore the required time period is 3 years.

6 0
3 years ago
a. a marketing firm is looking for a candidate with a business degree and at least five years of work experience. multiple choic
Usimov [2.4K]

A. A marketing company is seeking an applicant with a business degree and at least five years of professional experience. An intersection.

B. A family has made the decision to buy a Honda or Toyota minivan. a union.

<h3><u>What exactly is a marketing firm?</u></h3>

Effective marketing strategies are developed and put into action with the aid of marketing agencies. This frequently starts with marketing research to determine what aspects of the current marketing strategy are working and which ones are not, then moves on to demographic research to develop an accurate picture of the ideal client.

A marketing company can help you create and implement a plan for specific marketing campaigns, assess their effectiveness, and develop an overall marketing strategy once it has a clear understanding of who you are marketing to and what you have already tried to do to reach them.

Learn more about marketing with the help of the given link:

brainly.com/question/14779288

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7 0
1 year ago
Fiona is a manager at tune in solutions. as a leader, she has complete authority to recruit and lay off employees. she also has
zzz [600]

Answer:

The answer is position power.

Explanation:

Position power refers to a type of power that an individual attains through occupying certain organizational positions or ranks. It is clear from the description in the question that Fiona’s manager position allows her to have the power to recruit, fire, reward, and punish her team members.

3 0
3 years ago
When the central bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is:?
Rudik [331]

Answer:

It is "following an expansionary monetary policy".

Explanation:

When the central bank uses expansionary monetary policy, money supply increases and the  interest rates decreases, this will lead to no change in aggregate demand. It also affects the value of the currency and that is lowering its value but there is improvement in growth of domestic economy.

5 0
3 years ago
What is the equilibrium quantity for phones?
Nana76 [90]

Answer:

Readjusting once again to marketplace conditions, the next year the company produces 65,000 phones, with a retail price of $45. At the end of the year, the company’s sold almost its total supply of phones. It indicates that the equilibrium quantity of phones is 65,000, at a retail price of $45 (which would be the equilibrium price). More Resources

Explanation:

According to our curve, the equilibrium point initially is indicated by point E on the graph, but since the supply of cellphones has increased, quantity supplied increases to the graph indicated by S 1 S 1, this causes an excess of the product in the market resulting in a stiff competition which often sees the sellers reduce their prices. hope that helps.

3 0
2 years ago
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