Answer: See explanation
Explanation:
The fair market value of the common stock will be:
= $40 × 700
= $28000
The fair market value of the preferred stock will be:
= $200 × 70
= $14000
Total fair market value = $28000 + $14000 = $42000
The basis for common stock will be:
= 28000/42000 × 14000
= 9333
The basis for preferred stock will be:
= 14000/42000 × 14000
= 4667
Heather's basis in the common and preferred shares are 9333 and 4667 respectively
Answer:
Annual depreciation= $4,000
Explanation:
Giving the following information:
The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.
<u>To calculate the depreciation expense, we need to use the following formula:</u>
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (29,000 - 9,000)/5
Annual depreciation= $4,000
I am definitely sure that correct statement should be completed like this: High levels of brand <span>resonance</span>, or the extent to which consumers feel they are "in sync" with the fox news brand, and engagement in fox news programs often leads to greater recall of the ads fox news runs. Brand resonances is the relationship between consumer and the product. It shows how the consumer can relate to it.
Answer:
positively.
Explanation:
The <u><em>correlation </em></u>between education and income is positive a more educated person will always have a better income than one that is not. But along the statistical distribution of this<u><em> correlation</em></u> there are people that <u><em>deviate </em></u>for the curve <u><em>(standar deviation)</em></u> and even though they are educated they do not earn as much money to others that have the same level of education.
Answer:
Explanation:
Each of these effects would most likely influence Tommy's order differently. The real-income effect would most likely cause Tommy to buy the large steak and salad regardless of the increase in price since individuals tend to spend more when they start making more money. The substitution effect on the other hand would most likely cause Tommy to order a smaller steak since it costs more but at the same time order, more salad since the price has not increased as the steak did.