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s2008m [1.1K]
2 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]2 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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gogolik [260]

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Yes

Explanation:

because south Africa can't put the money on the side

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If you own a small business, which of the following helps with your finances?
Montano1993 [528]

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C. Accountant

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3 years ago
Read 2 more answers
The rule of 70 applies in any growth-rate application. Let’s say you have $2000.00 in savings and you have three alternatives fo
vekshin1

Answer:

(a)70 years

(b)23.33 years

(c)8.75 years

Explanation:

According to the Rule of 70, for a given interest rate x, funds double in \frac{70}{x} years.

(a)For a savings account earning 1% interest per year,

The number of years it will take the fund to double= \frac{70}{1} =70 years

(b)For a U.S. Treasury bond mutual fund earning 3% interest per year.

The number of years it will take the fund to double= \frac{70}{3} =23.33 years

(c)For a stock market mutual fund earning 8% interest per year.

The number of years it will take the fund to double= \frac{70}{8} =8.75 years

3 0
2 years ago
You purchased six call option contracts on ABC stock with a strike price of $32.50 when the option was quoted at $1.65. The opti
snow_lady [41]

Answer:

$270

Explanation:

Calculation to determine the net profit or loss on this investment

Using this formula

Total profit/Loss =Stock value -Strike price-Option quoted)×100×Call option

Let plug in the formula

Total profit = ($34.60 - $32.50 - $1.65) × 100 × 6

Total profit =$0.45×100×6

Total profit= $270

Therefore the net profit on this investment is $270

4 0
2 years ago
You are the manager of a firm that produces output in two plants. The demand for your firm's product is P = 78 − 15Q, where Q =
Leona [35]

Answer:

correct option is B. 40.5

Explanation:

given data

P = 78 - 15 Q

Q = Q1 + Q2

MC1 = 3Q1

MC2 = 2Q2

to find out

What price should be charged to maximize profits

solution

we get here first total revenue and marginal revenue that is

total revenue TR = P × Q   .......1

total revenue TR = 78Q - 15Q²

and

marginal revenue MR = \frac{change\ in\ TR}{change\ in\ Q}

marginal revenue MR = 78 - 30Q

now we get here

marginal revenue MR = MC1 = MC2

put here value

78 - 30Q1 - 30Q2 = 3 Q1 or 33 Q1 = 78 - 30Q2   ......................................a

78 - 30 Q1 - 30 Q2 = 2 Q2 or Q2 = 78 - 30Q1/32   ................................b

by equation a and b we get here

33 Q1 = 78 - 30 (78 - \frac{30Q1}{32} )

so here Q1 = 1 and

Q2 = 78 -  \frac{30*1}{32}

Q2 = 1.5

so that Q will be

Q = Q1 + Q2

Q = 1 + 1.5

Q = 2.5

now we get value of P that is

P = 78 - 15 Q

P = 78 - 15 (2.5)  

P = 40.5

so charged to maximize profits is 40.5

so correct option is B. 40.5

5 0
3 years ago
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