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Citrus2011 [14]
3 years ago
9

Andrew sold IBM stock to his sister Susan for $6,000. Andrew purchased the stock two years ago for $8,000. Susan sold the stock

through her broker for $7,300. How much gain or loss did Susan recognize on the sale?
a. $700 loss
b. No gain or loss
c. $1,300 gain
Business
1 answer:
klasskru [66]3 years ago
6 0

Answer:

c. $1,300 gain

Explanation:

In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.

$7,300 - $6,000 = $1,300

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Dovator [93]

Answer:

The answer is 1 to 1 1/4

Explanation:

The side, top and bottom limits are supposed to be 1 to 1 1/4 inches means the general default settings in programs such as Microsoft Word. One-page letters and memos should be vertically centered. Business letter writing margins should be about 1" all around.

4 0
3 years ago
In his Liquidity Preference Framework, Keynes assumed that money has a zero rate of return; thus
nevsk [136]

Answer:

The correct answer is A) when interest rates rise, the expected return on money falls relative to the expected return on bonds, causing the demand for money to fall.

Explanation:

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8 0
3 years ago
An example of the ___________ effect is when bmw gained in-depth information about visitors to a popular chinese social media si
vova2212 [387]

An example of the information effect is when bmw gained in-depth information about visitors to a popular chinese social media site, and used that information to determine which visitors were likely to be luxury car buyers and targeted advertising toward them.

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4 0
3 years ago
All of the following are weaknesses of the payback method except:_______.
melomori [17]

Answer:

Correct Answer:

d. none of the above

Explanation:

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7 0
3 years ago
An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe
gavmur [86]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Jill:

Weekly deposit= $96.15

The number of weeks= 30*52= 1,560

Interest rate= 0.098/52= 0.00189

Joe:

Annual deposit= $5,000

Number of years= 30 years

Interest rate= 9.8%

To calculate the final value of Jill and Joe, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= weekly/annual deposit

<u>Jill:</u>

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<u>Joe:</u>

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FV= $791,953.50

7 0
4 years ago
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