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seropon [69]
4 years ago
10

Brownstone Corporation has 1,000 shares of stock issued and outstanding. These shares are owned by the following people : 200 sh

ares Bobby 300 shares Bobby's brother 100 shares Felicia Partnership 300 shares Frisco, Inc. 100 shares Colten, Inc. Bobby owns 50% of Felicia Partnership and 40% of Frisco, Inc., and , Felicia Partnership owns the other 60% of Frisco and Colten. Under constructive ownership rules for Sec. 302 stock redemptions, how many shares of stock in Brownstone Corporation is Bobby considered to own?
Business
1 answer:
dimaraw [331]4 years ago
4 0

Answer:

470 shares

Explanation:

Bobbys 50% of Felicia partnership = .5 * 100 = 50

Bobbys 40% of Frisco Inc = .4 * 300 = 120

Total number of bobby share = 300 + 120 +50 = 470 shares

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Buyers will bear most of the burden of the tax

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Identify the two independent clauses in the following compound-complex sentence.
krek1111 [17]

The two independent clauses in the following compound-complex sentence are.

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<u>Explanation:</u>

Compound sentence and complex sentence together makes a compound- complex sentence. A Clause is a sentence which has one subject or one verb.

The independent clause is a sentence which does not need a supportive sentence to explain it's situation and it makes a statement or asks a question.

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Wages salaries expense is equal towhat?
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6 0
3 years ago
What is a sole proprietorship? A partnership? (essential elements) How is each entity taxed? What is a franchise? What is the "c
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6 0
4 years ago
Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200
irga5000 [103]

Answer:

1. 20 units

2. $600

Explanation:

1. C = 200 + 2q^{2}

MC = 4q

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For maximizing profits,

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C = 200 + 2q^{2}

C = 200 + 2(20)^{2}

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2. Profit = Total revenue - Total cost

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3. We know that the firm in the short run will be produce at a point where total revenue is greater than the total variable cost

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MC = 4Q

Here,  MC is greater than AVC at any given point.

so in the short run firm will producing short run positive profit.

4 0
3 years ago
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