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Dafna1 [17]
3 years ago
10

nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of

the Beta stock was $20 per share, Nyle distributed this stock to a noncorporate shareholder. Nyle's recognized gain on this distribution was:
Business
1 answer:
Inga [223]3 years ago
6 0

Answer:

$1100.

Explanation:

We have been given that Nyle Corp. owned 100 shares of Beta Corp. stock that it bought in 1993 for $9 per share. In 2014, when the fair market value of the Beta stock was $20 per share.

Nyle's recognized gain on this distribution would be:

\text{Value of 100 share at a rate of }\$20\text{ per share }-\text{Value of 100 share at a rate of }\$9\text{ per share}

\$20\times100-\$9\times 100=100(\$20-\$9)=100(\$11)=\$1100

Therefore, Nyle's recognized gain on this distribution was $1100.

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What is a credit limit?
Artist 52 [7]
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

Hope this helps 
5 0
3 years ago
In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0
2 years ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Lisa [10]

Answer:

EPS will be higher than $2.38

Explanation:

The Earnings per share is the value available to stockholders of the company after the deduction of all the expense and taxes. Restructuring expense are one time expense and they are reported as other operating expenses in the Income Statement. The inclusion of restructuring and other one-time charges in the Income Statement results in lower Earnings before Tax and ultimately reduced net profit. If these cost are excluded the Earning will rise which will give rise to EPS of the company.

7 0
3 years ago
On November 2, 2020, Ellie purchased and placed in service a building that cost $5,600,000. An appraisal determined that 15% of
tia_tia [17]

Answer:

Ellie

A. The property is classified for 27.5-year MACRS since more than 80% of the gross rental income emanates from residential dwellings.

B. The life of the asset for this type of MACRS is 27.5 years.

C. Ellie's cost recovery for 2020/2018 is $28,848.

Explanation:

a) Data and Calculations:

Cost of building and land = $5,600,000

Appraised cost of land = $840,000 ($5,600,000 * 15%)

Appraised cost of building = $4,760,000 ( ($5,600,000 * 85%)

Rent from the bottom floor leased to a retail business = $80,000

Rent from the other floors as rental apartments = $350,000

Total value of rental income = $430,000

Retail business % of rental income = 19%

Residential apartments % of rental income = 81%

Cost recovery = $173,091 ($4,760,000/27.5) per annum

For 2 months, the cost recovery = $28,848 ($173,091 * 2/12)

8 0
3 years ago
Suppose that a simple economy produces only the following four goods and​ services: shoes,​ hamburgers, shirts, and cotton. ​ Fu
allsm [11]

Answer:

a. If the base year is the year 2009, then real GDP for 2016 equals <u>$7,600</u>. Round answer to nearest penny and the real GDP for 2017 equals <u>$8,640</u>. Round answer to the nearest penny.

b. The annual growth rate of real GDP in 2017 is <u>13.68%</u>. Enter response as a percentage rounded to 2 decimal places.

Explanation:

                        2009 Statistics     2016 Statistics     2017 Statistics

                        Quantity Price       Quantity Price     Quantity Price

Shoes                 90      $50.00        100     $60.00       100    $65.00

Hamburgers       75        $2.00         100      $2.00        120      $2.25

Shirts                   70      $40.00         60     $35.00        85     $35.00

Cotton          12,000        $0.90   12,000       $0.75  13,000      $0.80

GDP 2009 = (90 x $50) + (75 x $2) + (70 x $40) = $7,450

GDP 2016 = (100 x $60) + (100 x $2) + (60 x $35) = $8,300

GDP 2017 = (100 x $65) + (120 x $2.25) + (85 x $35) = $9,745

real GDP 2016 = (100 x $50) + (100 x $2) + (60 x $40) = $7,600

real GDP 2017 = (100 x $50) + (120 x $2) + (85 x $40) = $8,640

growth rate = (8,640 - 7,600) / 7,600 = 0.1368 or 13.68%

5 0
3 years ago
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