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
Marat540 [252]
3 years ago
6

Tom recently received 2,000 shares of restricted stock from his employer, Independence Corporation, when the share price was $10

per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale?
A. $0.
B. $2,010 loss.
C. $4,020 gain.
D. $4,020 loss
Business
1 answer:
givi [52]3 years ago
5 0

Answer:

$4,000 gain

Explanation:

The computation of the tom income or loss is shown below:

= Number of shares × (market price sold - fair value of share price)

= 2,000 shares × ($12 per share - $10 per share)

= $4,000 gain

This is the answer and the same is not provided in the given options.

We simply take the difference between the market price sold and the fair value of share price and then multiply it by the number of shares so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

You might be interested in
A firm has a profit margin of 12 percent; total asset turnover of 0.55 and an equity multiplier of 2.2. What is the firm's ROA a
lutik1710 [3]

Answer:

ROA = 6.6%

ROE 14.52%

Explanation:

profit margin = net income / sale = 12%

assets turn over = sales / assets = 0.55

equity mutiplier = assets / equity = 2.2

ROE = return on equity = net income / equity

ROA = return on equity = net income / assets

we use the fraction properties to get ROE and ROA

\frac{income}{sales} \times \frac{sales}{Assets} =\frac{income}{Assets} \\ 0.12 \times 0.55 = 0.066\\

ROA = 6.6%

We apply the same property to get ROE

\frac{income}{assets} \times \frac{assets}{equity} =\frac{income}{equity} \\ 0.066 \times 2.2 = 0.14252\\

ROE = 14.52%

6 0
3 years ago
Tom is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is sc
Vilka [71]

Answer:

A

Explanation:

Free slack can be described as the total amount of time a project can be delayed without affecting the project's completion time . Tom and the contractor share a slack time of 10 days

Total slack measures the total amount of time a project can be delayed before the project's completion.

Functional slack measures the amount of time that each activity in a project can be delayed without affecting the project's completion time.

4 0
3 years ago
Janice Hartley works as a writer at a fashion magazine in New York. She was recently asked by her editor to write an article on
N76 [4]

Answer:

C

Explanation:

Affective component has been displayed as mood and feelings have been touched as a result of the feedback Janice got from her boss.

Cheers

5 0
3 years ago
g Required information [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized
sweet [91]

Answer:

Please see details below:

Explanation:

Sales  $16.540  

Salaries Expenses  -$7.740

Miscellaneous Expenses -$5.820  

Net Income       $2.980  

Dividends  2.830  

Retained Earnings $150.

Balance Sheets

Assets  

Cash  $8.990  

Accounts Receivable  $16.540  

Equipment  $22.590  

Land  $45.980  

TOTAL ASSETS   $94.100  

Liabilities  

Accounts Payable    $9.170

TOTAL LIABILITIES   9.170  

Equity  

Common Stock   $84.780  

Retained Earnings  $ 150  

TOTAL EQUITY   84.930  

 

6 0
3 years ago
Which business function is concerned with delivering a product or service to customers?
Gwar [14]

Answer:

Production

Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers

4 0
2 years ago
Other questions:
  • What factors underlay the decision by Volkswagen to invest directly in automobile production in Russia? Why was FDI preferable t
    9·1 answer
  • Martin is the daytime supervisor for a packaging assembly line. He supervises 38 workers who perform routine jobs that require m
    9·1 answer
  • Have opened up new horizons for proactive and reactive investigations of consumer fraud because an investigator can begin develo
    6·2 answers
  • An investor has a $5,000 pretax return, The state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investme
    5·1 answer
  • A change in the relative price of one good versus another will cause a change in marginal product and the allocation of labor re
    12·1 answer
  • You purchase Rayovac batteries from Wal-Mart. You send in your battery receipt and a form with your name, address, and UPC code
    5·1 answer
  • Concord Inc. took a physical inventory at the end of the year and determined that $783000 of goods were on hand. In addition, Co
    9·1 answer
  • The North’s growing ______________________ supplied the troops with ______________________, ______________________, and other ne
    15·1 answer
  • Crane Company received proceeds of $799000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $848000
    12·1 answer
  • Why would the difference between income computed under full costing and income computed under variable costing be relatively sma
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!