(THIS IS FOR THE OFFICE FANS!!)

Amy, a single individual and sole shareholder of Brown Corporation, sold all of the Brown stock for $30,000. The stock basis was

emmasim [6.3K]

Answer:

A) a $50,000 ordinary loss and $70,000 LTCL

Explanation:

given data

Brown stock = $30,000

stock basis = $150,000

time = 3 year

solution

we know that here stock is Section 1244 stock and original owner is Amy

so

first loss is for single individuals is = $50000

and this loss is treated as a ordinary loss LTCL because stock held more than 12 month

remaining amount = 70000

and we know it take here time 3 year

so total loss realized is

total loss realized $50000 + $70000

total loss realized = $120000

so correct option is A) a $50,000 ordinary loss and $70,000 LTCL

7 0

3 years ago

I have been working on a Elementary Spanish 1 assignment for about 30 minutes, and I am now stuck. Can you please help me with t

Leya [2.2K]

These are OK

1. ¿Cuántos estudiantes hablan español?

Veinte estudiantes hablan español.

2. ¿A qué hora es la clase de sociología?

La clase es a las cinco

4. ¿Qué cursos tomas?

Estoy tomando historía, español, y arte

Now these need correction:

3. ¿Trabajas ustedes mañana? This is common, "ustedes" is plural "you" , singular "you" is "tu", and when the verb is conjugated there is no need of the personal pronoun, a correct version of this question would be "¿Trabajas mañana?

No, no trabajas mañana. Trabaja sábado. "trabajas" is conjugated in second person, you should answer in first person "No, no trabajo mañana, trabajo el sabado"

5. ¿Estudias? I dont know what you mean by this, in english is: "study?" if you are asking "are you studying for you examns?" or something like that it would be "¿estas estudiando?"

¿Estudias...?? And the answer would be "Si,estoy estudiando mucho" - "Yes, I'm studying hard"

7. ¿Hay? The same as before this means "is there...?" you might ask "is there a coffee shop in campus?" and in spanish "hay cafeterias en el campus?"

¿Hay....???? And the answer here is "yes, there are" => "si, hay"

8. ¿Dónde está? Where is...? is this question, you might ask "where is the coffee shop?", "donde está la cafeteria?"

¿Donde esta???? "La cafeteria esta en la esquina" => "The coffee shop is the corner"

4 0

3 years ago

You oversee the $250 petty cash for your company. When an employee needs a special item that is not in inventory, you take money

sergey [27]

Answer:

Since this is the first time you have ever done this, is this a problem?

Of course this is a problem, you stole money. Stealing money is not right and it is a problem. If someone finds out, you will lose your job. legally, you could also be prosecuted, but the amount is very little. Another problem is that if you are able to go unpunished and no one finds out, this behavior will continue until you cannot hide it anymore. By then , the amount might be larger, not just a few dollars, and you will be in deep trouble.

If so, what steps should be taken to fix this problem? If not, why not?

Pay back the money you took. Simple as that. Sometimes, doing the correct thing is not difficult. Do not spend money on unnecessary things and pay the $30. Do it before this becomes a bad habit and you get into serious trouble that seriously damage your career. No company will hire someone fired for stealing money form their previous employer.

8 0

3 years ago

Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan.1 Inventory 26 units at

Mila [183]

Answer:

a. $26,400

b. $20,520

c. $24,140.64

Explanation:

a. The computation of inventory cost by the first-in, first-out method is shown below:-

Inventory cost under first-in, first-out method = Number of units × Unit cost of 3rd purchase

= 48 × $550

= $26,400

b. The computation of inventory cost by the last-in, first-out method is shown below:-

Inventory cost by Last in first out method = (Jan 1 units × Jan 1 Inventory per unit) + (Number of units - Jan 1 units) × Feb. 19 Inventory per unit

= (26 × $400) + (48 - 26) × $460

= $10,400 + $10,120

= $20,520

c. The computation of inventory cost by the average cost method is shown below:-

Average cost per unit = (26 × $400) + (57 × $460) + (62 × $540) + (60 × $550)

= $10,400 + $26,220 + $33,480 + $33,000

= $103,100

Per unit cost = Inventory cost ÷ Total number of units

= $103,100 ÷ (26 + 57 + 62 + 60)

= $103,100 ÷ 205

= $502.93

Inventory cost under average cost method = Per unit cost × Number of units

= 48 × $502.93

= $24,140.64

Therefore we have applied the formulas.

4 0

3 years ago

Suppose two companies attempt to merge, and they operate in an industry where the postmerger Herfindahl-Hirschman index is 2,900

Allushta [10]

Answer:

Option B - There are significant diseconomies of scope is the correct answer.

Explanation:

Option A is, not a condition that could improve the probability that the justice department would approve the merger.

The Herfindahl-Hirschman index is based on a restricted definition of the product market or the impact of foreign competition, the merger might be allowed.

It might also be permitted if one of the firms is in financial trouble, or if significant economies of scale exist in the industry.

Significant diseconomies of scope would only serve to make the merger less likely to be accepted.

Therefore, option B is the correct answer.

6 0

3 years ago

Read 2 more answers