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Semenov [28]
2 years ago
7

Brody owns all the stock in Mongoose Corporation. Brody has a basis of $200,000 in the Mongoose stock, which currently has a fai

r market value of $500,000. Mongoose is merged into Chestnut Corporation. Brody receives Chestnut preferred stock worth $200,000 and common stock worth $300,000. Brody recognizes a gain of:______.
a. $300,000.
b. $100,000.
c. $200,000.
d. None of the above.
Business
1 answer:
oee [108]2 years ago
3 0

Answer:

d. None of the above.

Explanation:

Option D is correct because Brody has a basis of $200000 Mongoose stock and its market value is $500000. After the merger, Brody receives $200000 preferred stock and $300000 common stock which is equal to its market value of a stock before the merger so there is no gain.

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Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

Answer:

Total cost per unit is $77

Explanation:

Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units

= $478,800 ÷ 34,200 = $14 per unit

Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units

= $171,000 ÷ 34,200 = $5 per unit.

Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses

Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.

Markup = 40% of total cost = $55 × 40% = $22

Therefore, total selling price per unit = Cost per unit + Markup

= $55 + $22 = $77 per unit.

7 0
3 years ago
Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in rea
vladimir1956 [14]

Answer:

Consider the following explanations

Explanation:

Q1.) the short run fluctuations in the real GDp is known as the business cycles.

Q2.)yes , it is true that Short-term fluctuations in real GDP are irregular and unpredictable.

Q3.) A decrease in real GDPcoincide with declining personal income, and falling corporate profits. As incomes decline consumer spending also decline on retail goods and services and on durable goods, such asautomobiles. Households also contribute to declining investment expenditures by purchasing fewernew homes. As households spend less on products, firms cut back on industrial production and curbinvestment expenditures on physical capital.The unemployment rate tends to rise during periods of falling real GDP as firms cut back on productionand lay off workers. The unemployment rate tends to fall during economic expansions as firms expands production and hire additional workers.

5 0
3 years ago
Suppose that you are a buyer. your buyer value is $30 and you buy a book for $40. what is your gain or loss?
Serjik [45]
The buyer value is a concept that is more important to the customers. This refers to the amount that the buyers are expecting out of the purchase of some goods. If I bought a book at a price of $40 then, I loss $10 in the process because as a buyer I expect to pay only $30. 
4 0
3 years ago
John owns 500 shares of stock in Catawba Box, Inc. The company has recently announced the results for the quarter. The company e
frutty [35]

Answer: Is not taxed

Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.

6 0
3 years ago
No one answered my question​
olga2289 [7]
Well what was your question maybe i can help
4 0
3 years ago
Read 2 more answers
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