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scZoUnD [109]
3 years ago
9

Broward Corp. owns 1,500 shares of Silver Fox Corporation common stock. Broward Corp. purchased the 1,500 shares on April 17,200

9, for $20,000. On December 8, 2014, Broward sells 750 shares for $5,000. On January 2, 2015, Broward Corp. buys 250 shares of Silver Fox Corporation common stock for $1,750 and 50 shares of Silver Fox Corporation preferred stock for $1,000. The preferred stock is nonvoting, nonconvertible.
What is Broward's realized and recognized loss on the December 8 sale of stock?
Business
1 answer:
Alborosie3 years ago
6 0

Answer:

Disallowed loss = 1428.57

Explanation:

given data

                   Units      total cost

17 Apr, 09           1500   20000

8 Dec, 14             -750   -5000

2 Jan, 15              250    1750

2 Jan, 15                50    1000

solution

we get  here Broward  realized and recognized loss that is

The loss or gain on sale         (5000 - 20000 ÷ 2)    -5000

Allowed loss                          (750 ÷ 1050) × 5000     3571.43

Disallowed loss                                                             1428.57

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Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Pr
erik [133]

Answer:

Sales Budget for January, February, March and April

                                             January         February          March          April

Budgeted Sales Units             200                 300               400             300

Selling Price                             $10                  $10                $10              $10

Budgeted Sales                   $2,000            $3,000         $4,000        $9,000

Production Budget for January, February, March and April

                                             January         February          March          April

Budgeted Sales Units             200                 300               400             300

Budgeted Production Units    200                 300               400             300

Explanation:

Sales Budget shows a forecast of the future sales revenues expected by the Company.It is the first budget to be prepared from which all other companies budget are created.

Sales Budget for January, February, March and April

                                             January         February          March          April

Budgeted Sales Units             200                 300               400             300

Selling Price                             $10                  $10                $10              $10

Budgeted Sales                   $2,000            $3,000         $4,000        $9,000

Production Budget for January, February, March and April

Hint : Since there are no targets for beginning or closing inventories, then Sales are equal to production.

                                             January         February          March          April

Budgeted Sales Units             200                 300               400             300

Budgeted Production Units    200                 300               400             300

4 0
3 years ago
When senators decide it is time to vote on a bill, they begin a procedure called a __________ to indicate the time for discussio
Inessa05 [86]
Guessing this is the same question from the quiz im taking and the options are..
<span><span>A.filibuster
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4 0
3 years ago
Read 2 more answers
Successful businesses are keenly focused on their?
Degger [83]
Successful business people never take their eye off the one thing that made them successful in the first place: the primary function of any business is making money. You can't make money without customers or clients (unless you're in the business of robbing banks or bribing politicians).
7 0
3 years ago
"Snoop Company sells collectibles. The following information summarizes Snoop Company's operating activities for the most recent
Mkey [24]

Answer:

The answer is $30000

Explanation:

                                                                      $                                $

Sales                                                                                             195000

<u>Less cost of sales</u>

Opening stock                                          12000

<u>Add</u> purchases                                         <u> 97000</u>

                                                                   109000

<u>Less </u>closing stock                                      <u>6000</u>

                                                                                                       <u>103000</u>

Gross profit                                                                                     92000

<u>Less</u> operating expenses                                                              <u>62000</u>

Operating income                                                                           <u>30000</u>

The operating income is<u> $30000</u>

4 0
3 years ago
Suppose that Walgreens (a major drug store chain) wants to introduce its own brand of cough medicine that is similar in contents
antoniya [11.8K]

Answer:

Letter b is correct. <em>Private-label brand</em>

Explanation:

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3 0
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