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scZoUnD [109]
4 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:
Alborosie4 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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Joe Downey is currently 65 years of age. He is currently drawing $20,000 a year out of his IRA. He expects to live to 100 and wa
astra-53 [7]

Answer:

$307,382.82

Explanation:

current age = 65 years

Requires $20,000 at the beginning of the year for the next 35 years.

interest rate = 6%

So, initial investment = PV of all the inflows

= $20,000+ 20,000×PV×( 6%, 35% years)

=$20,000+ 20,000×14.3681

= $20,000+ 287,362.82= $307,382.82

So, he must invest $307,382.82 to get $20,000 every year.

3 0
3 years ago
When might the exchange rate affect you most directly?
Tanzania [10]

Answer: answer d seem more likly because you   have then traveld to another country

Explanation:

8 0
3 years ago
What term describes individuals and groups, both internal and external to the company, whose support is critical to the success
prohojiy [21]

Answer:

The term is stakeholder.

Explanation:

Stakeholders are the people or groups who have an interest in the business. They either affect or are affected by the business. Generally, employees, consumers, creditors, investors, and suppliers are stakeholders of a business.

Stakeholders are categorized into two types.

  1. External Stakeholders
  2. Internal Stakeholders

External stakeholders are those people or groups who are not directly related to the business, for instance, creditors and investors, suppliers.  

Internal stakeholders are those group and people who are directly related to the business, for instance, employees, owners, etc.

8 0
3 years ago
When they made their master budget, Vann Enterprises had direct material per unit costs of $12.43, direct labor per unit costs o
77julia77 [94]

Answer:

Difference: 20,170

<u>The actual total Cost of good sold </u>is 20,170 dollars higher than budgeted COGS

<u>At unit level,</u> is 3.69 higher.

Explanation:

<u></u>

<u>Budget COGS</u>

12.43 + 8.46 + 14.29 = 35.18

Budgeted sales units x COGS

16,000 x 35.18 = 562,880

<u>Actual COGS</u>

16.12 + 8.46 + 14.29 = 38.87

Actual sales x COGS per unit

15,000 x 38.87 = 583,050

Units difference: 38.87 - 35.18 = 3.69

Total Difference: 583,050 - 562,880 = 20,170

6 0
4 years ago
How does immigration not lead to poverty?
Ira Lisetskai [31]

Answer:

Poverty rates and median family income

Indeed, the poverty rate of recent immigrants is more than twice that of U.S. natives. Because of this, at any point in time, the poverty rate would most certainly be lower in the absence of immigration. Also, increasing the immigrant share will raise the poverty rate.

Explanation:

have a great day

7 0
3 years ago
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