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nika2105 [10]
3 years ago
12

Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called H

KT, LP. HKT is in the home-building business. Tim recently purchased his interest in HKT, while the other partners purchased their interests several years ago. During X3, HKT reports a $12,000 gain from the sale of a stock in a wholesale lumber company it purchased in X1 for investment purposes. Which of the following statements best represents how their portion of the gain should be reported to the partner? A) Tim—Short-term capital gain. B) Ken—Ordinary Income. C) Hardware, Inc.—Long-term capital gain. D) All of the choices accurately report the gain to the partner. E) None of the choices accurately report the gain to the partner.
Business
1 answer:
Nikitich [7]3 years ago
5 0

Answer:

C) Hardware, Inc.—Long-term capital gain

Explanation:

Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called HKT, LP. HKT is in the home-building business. Tim recently purchased his interest in HKT, while the other partners purchased their interests several years ago. During X3, HKT reports a $12,000 gain from the sale of a stock in a wholesale lumber company it purchased in X1 for investment purposes. Which of the following statements best represents how their portion of the gain should be reported to the partner? Hardware, Inc.-Long-term capital gain.

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Allan purchased 800 shares of stock on margin for $31 a share and sold the shares five months later for $33.50 a share. the init
quester [9]

Answer:

Holding period return = 4.94%

Explanation:

Given that :

Allan purchased 800 shares of stock on margin for $31

And He sold it at the rate of $33.50 after five months.

Initial Margin requirement = 65%

Maintenance Margin = 30%

Interest Rate on Margin loan = 7.5%

The Holding period return can therefore be calculated by the formula:

Holding period return =  (sale price - purchase price - interest paid )/Purchase price

where ;

31 × 800 = 24800

Interest for five month = 5/12

Holding period return = (33.50-31)×800 - (7.5% ×24800× 5/12) / 24800

Holding period return = (2000-775)/24800

Holding period return = 0.0494

Holding period return = 4.94%

5 0
3 years ago
Why would a company’s manager be concerned about the quantity of its purchases returns if its suppliers allow unlimited returns?
Veronika [31]

The company incurs costs in receiving, inspecting, identifying, and returning the merchandise. More returns create more expenses.

Is cost of sales an expense?

Cost of Goods Sold is also known as “cost of sales” or its acronym “COGS.” COGS refers to the cost of goods that are either manufactured or purchased and then sold.

COGS counts as a business expense and affects how much profit a company makes on its products.

What are the depreciation expense?

Depreciation expense is that portion of a fixed asset that has been considered consumed in the current period.

This amount is then charged to expense. The intent of this charge is to gradually reduce the carrying amount of fixed assets as their value is consumed over time.

Learn more about this here:

brainly.com/question/26990784

#SPJ4

6 0
1 year ago
a college in a metropolitan area wishes to increase its evening offerings of business-related courses such as marketing, account
SSSSS [86.1K]

Answer:

Target markets are management and business students looking forward for employment and full year courses.

Explanation:

  • The target market can be those who are working full time in the day and may also include the small and medium business owners that intend to provide some sort of online cloud computing set up for the college, and
  • It may be the students that want to continue their higher education and pursuing a full degree. These may also include the off-campus students that are interested in doing professional courses.
5 0
3 years ago
In a job order cost accounting system, when goods that have been ordered are received, the receiving department personnel count
antiseptic1488 [7]

Answer:

The correct answer is letter "A": receiving report.

Explanation:

A receiving report is the document in which the goods purchased and received from a supplier are recorded. The document contains the details of the supplier, the type, price, and quantity of the goods being exchanged, and the conditions of the items. It is useful to keep the inventory updated and to eliminate the pending job orders from the records.

6 0
3 years ago
You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increa
Nat2105 [25]

Answer:

51 % increase

Explanation:

Stock A price= $23.00

Stock A price after 6 months= $47.00

Increase in price of Stock A= $47 - $23

                                          = $24

Percentage increase in stick price = <u>$24</u>  x  100%

                                                        $47

                                                     = 0.510 x 100%

                                                     = 51%

The percentage increase in the price of Stock A is 51%

Cheers

4 0
3 years ago
Read 2 more answers
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