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
bixtya [17]
3 years ago
11

Collins, Inc. issued a nontaxable stock dividend of one share for each share owned. Melissa, a shareholder of Collins, had a tot

al basis in her 500 shares of stock of $5,000. The total basis of Melissa's 1,000 shares of stock after the dividend is ______.
Business
1 answer:
DiKsa [7]3 years ago
7 0

Answer:

$5,000

Explanation:

Based on the information given we were told that had a total basis in her 500 shares of stock of the amount of $5,000 which means that The total basis of Melissa's 1,000 shares of stock after the dividend is $5,000 which is her total basis in her 500 shares of stock.

You might be interested in
Under the Age Discrimination in Employment Act, to maintain a valid claim, the replacement employee must be substantially younge
Dvinal [7]

Answer:

The correct answer is the option B: False.

Explanation:

To begin with, the <em>Age Discrimination in Employment Act</em> is a labor law that was signed into law by President Lyndon B Johnson in 1967 and whose main purpose is to protect the employees from discrimination at their jobs with the statement that employment discrimination against anyone at least 40 years old is prohibited by this law in the United States Of America. Moreover, this act establishes that the replacement must be substantially younger than the terminated employee but<u> it is absolutely not required to be a member of a recognized protected class</u>.

7 0
3 years ago
]the cycle in which money changed hands resulted in profits for businesses and salaries for workers.
Georgia [21]

The cycle of money where it results to profits for business and salaries for workers are when we pay money for the services or things that we buy and this ends when we receive the items and services we need. Cash conversion is also another term for this cycle.    

7 0
3 years ago
Whats the purpose for people to connect to products
MAVERICK [17]
So they will want to buy them if someone sees a product they like and maybe feels a connection to buy it then they will buy it
7 0
3 years ago
Read 2 more answers
Given the following information, calculate the loan-to-value ratio of this commercial loan: estimated net operating income in th
tatyana61 [14]

Answer:

b. 0.77

Explanation:

The formula to compute the loan to value ratio is shown below:

= Loan amount ÷ Purchase price

= $1,000,000 ÷ $1,300,000

= 0.77

It shows a relationship between the loan amount and the purchase price so that the accurate ratio can come

All other information that is given is not relevant as it is related to the debt yield ratio. Hence, ignored it

7 0
3 years ago
On January 1, 2016, Skyward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years,
never [62]

Answer:

$60,000

Explanation:

Double declining method is a depreciation method used to expense the cost of an asset.

Depreciation expense using the double declining method = Depreciation factor × cost of asset

Deprecation factor = 2 (1/useful life) = 2(1/8) = 1/4

Depreciation expense in 2016 = 0.25 × $320,000 = $80,000

Net book value = $320,000, - $80,000 = $240,000

Deprecation expense in 2017 = 0.25 x $240,000 = $60,000

I hope my answer helps you

3 0
3 years ago
Other questions:
  • Managers often use a(n) _____ approach when making organizational decisions - using financial performance such as profit as the
    6·1 answer
  • A registered representative wishes to give a speech to a group of 35 potential retail clients at a restaurant. The speech is scr
    10·1 answer
  • During the month of June, Rowling Boutique had cash sales of$233,200 and credit sales of $153,700, both of which include the 6%s
    14·1 answer
  • The recapture of depreciation changes the character of the gain on a Section 1231 asset from a(n) _________ gain to ________ inc
    6·1 answer
  • You work for a local convenience store. At the end of 2nd shift, 11PM, any foods in the heated kiosk are to be discarded. Money
    7·1 answer
  • Michael Co. is a corporation that sells breakfast bars. Based on the accounts listed below, what are Michael's total trade recei
    8·1 answer
  • Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. What is the real deficit or surplus
    6·1 answer
  • 2. Why might this be the perfect advice for beginning investors?
    8·1 answer
  • Splish Company began operations on January 2, 2019. It employs 12 individuals who work 8-hour days and are paid hourly. Each emp
    15·1 answer
  • A _____ is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activitie
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!