1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Misha Larkins [42]
2 years ago
5

Karen Smith bought Coca-Cola stock for $475 on March 31, 20X1. On November 15, 20X1, Karen received a non-taxable distribution o

f $155 on the 50 shares of stock she owned. She sold the stock for $300 on December 22, 20X1. What is her gain or loss on the sale
Business
1 answer:
Murrr4er [49]2 years ago
7 0

Answer:

$20 loss

Explanation:

Karen Smith bought a coca-cola stock for $475 in March 31, 20X1

She received a non taxable distribution of $155 on November 15, 20X1

The first step is to calculate the adjusted basis

= $475-$155

= $320

Karen sold the stock for $300 on December 22, 20X1

Therefore, her gain or loss on the sale can be calculated as follows

= $300-$320

= $20 loss

Hence Karen has a loss of $20 on the sale

You might be interested in
Butte sold a machine to a machine dealer for $50,000. Butte bought the machine for $55,000 several year ago and has a claimed $1
pishuonlain [190]

Answer:

c. $7,500 ordinary gain  

Explanation:

Depreciated value of Machine = $55,000 - $12,500  

                                                   = $ 42,500

Sale price of Machine = $ 50,000

Gain on sale of Asset = $ 50,000 - $ 42,500

                                    = $ 7,500

Therefore, The amount and character of Butte's gain or loss is $7,500 ordinary gain.  

6 0
3 years ago
Which of the following would not involve a capital-budgeting analysis?
JulijaS [17]

Answer:

The correct answer is B. The adoption of a new cost driver for overhead application.  

Explanation:

This option is chosen because it is not directly related to organizational capital, or the production of goods or the provision of services. Otherwise it happens with options A and C, which does merit an analysis of the capital budget.

Option B is only taken into account in the analysis of the sales budget or production costs.

7 0
2 years ago
Assume that a company announces an unexpectedly large cash dividend to its shareholders. In an efficient market without informat
HACTEHA [7]

Answer:

The correct option is A, abnormal price change at the announcement

Explanation:

Abnormal price increase before the announcement would only  be the case if the there was insider dealing, that is there exists information leakage.

An abnormal price decrease cannot be the case, the market prices a share based on its earnings' strength, in other words a stock with high dividends prospect is priced high.

Option D is wrong there would a price change stemming from the announcement made about large cash dividends payout

5 0
3 years ago
The local newspaper receives several complaints per day about typographic errors. Overa seven-day period, the publisher has rece
jenyasd209 [6]

Answer:E

Explanation:

X bar chart is typically combined with R chart to monitor process variables. If the variables isn't under control, then control limits might be too general, which means that causes of variation that are affecting the process mean can't be pin pointed.

5 0
3 years ago
Describe an important trade-off you recently faced.
Vitek1552 [10]

Answer:

Trade-off means that if we want to buy an economic good (anything that has monetary value) then we will demand an economic good (anything that has a monetary value). So this means if I want to buy chocolates then I will have to pay the shopkeeper money. Anything that you buy has a monetary value and we have to compensate seller for that. That's trade-off.

Suppose a situation that you have an opportunity to see bill gates in a show whose ticket has cost you $500 and if you have decided that you have to go somewhere else due to emergency then the loss will be $500 and meeting bill gates live. However his advice to young generation can be seen on social networks but what you lost is cost of seeing bill gates which you paid $500 and not attending the show to meet him.

My parents offered me chocolates to do homework because I was not interested in studies. My father used to read books in front of me to imitate me to read books and develop book reading habits.

6 0
3 years ago
Other questions:
  • Salaries and Wages are the main sources of personal income.true or false
    14·1 answer
  • The rapid spread of brand communities has been one of the major impacts of social media. the harley davidson owners group is one
    8·1 answer
  • As idle time gaming, inc.s business and product lines continue to grow, it wants to limit the need to build additional space to
    5·1 answer
  • What is an ethical dilemma
    14·1 answer
  • If a loan is risky and extends for more than a year what will a lender ask for
    8·1 answer
  • Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and
    15·1 answer
  • On January 1, 2020, Pearl Company sold 11% bonds having a maturity value of $400,000 for $415,163, which provides the bondholder
    9·1 answer
  • What impact can good accountability mechanisms have on the admissibility of evidence in court cases? enables encryption of the e
    15·1 answer
  • When is humor beneficial to a team?
    6·2 answers
  • Summed over the entire Earth ________ . Group of answer choices the rate of lithospheric consumption at subduction zones is grea
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!