1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
Butoxors [25]

Answer:

c.

Explanation:

Based on the information provided in the question regarding this situation, it seems that the salesperson engaged in deception by omission. This means that the salesperson told Ronaldo what he wanted to hear in order to close the deal. Even though the salesperson did not lie, he failed to mention an extremely important detail that Ronaldo needed to know in order for the rest of the information provided by the salesperson to hold true. Since the salesperson kept this information to himself in order to close the deal he has deceived Ronaldo.

7 0
3 years ago
American tourister, inc.--a producer of luggage--is planning to introduce a new product line. the marketing manager is having he
AlexFokin [52]
The answer is a pushing policy. A promotion policy intended at distribution centers to inspire their advertising of a product or service area to their customers. For instance, a pushing policy might be used by an manufacturing business to market to a distribution channel of traders and dealers to get their help in receiving their customers to buy its product.
6 0
3 years ago
General motors and chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because
ozzi
<span>General motors and Chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because </span>their costs got out of control, causing their total costs to exceed their total revenues.
6 0
3 years ago
The 3 levels that brand positioning can be achieved​
ludmilkaskok [199]

Answer:

Explanation:

Product attributes (least effective)

Product benefits.

Beliefs and values (taps into emotions)

8 0
3 years ago
One source of life and health insurance underwriting information is an organization that life and health insurance companies can
Flauer [41]

This organization is called <u>"Medical Information Bureau (MIB)".</u>


The Medical Information Bureau is an organization, particularly an enrollment enterprise, who gathers data about health and life coverage candidates.  

The objective of the organization is to help with the endorsing procedure, by giving a way to confirm the data gave in health and life insurance applications.  

Over time, the MIB and the data they give has turned into the standard utilized by life coverage organizations to survey chance while evaluating rating classes to new customers.

6 0
3 years ago
Other questions:
  • If a country's GDP decreases, but its debt increases during that year, then the country's debt to GDP ratio for the year will __
    9·1 answer
  • Angela, a manager at Exuberance Inc., believes in giving special attention to the needs of employees, creating learning opportun
    11·1 answer
  • What happens to most projects' value under the CAPM if there is a sudden increase to its market-beta
    10·1 answer
  • "To get out the vote" is an example of what type of mission statement?
    5·1 answer
  • The real estate industry is comprised of different firms in several locations. Some are independent and popular locally, while o
    9·1 answer
  • A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 mill
    6·1 answer
  • There has been a recall on one of the products your company manufactures. The company fears that if it has to replace too many o
    8·1 answer
  • The Patriot Act requires that telecommunications carriers and manufacturers of telecommunications equipment modify and design th
    5·1 answer
  • Ravi, a young and enthusiastic employee, loved his job as a technical service executive. He enjoyed being creative and dealing w
    15·1 answer
  • Denials can occur as a result of errors that occur at various points in the revenue cycle. Identify at least one error that can
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!