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maxonik [38]
2 years ago
7

You purchased 100 shares of stock for $78 per share. You sold the stock four years later for $92 per share. What is your gain af

ter the sale of the investment?
Business
1 answer:
Lina20 [59]2 years ago
6 0

Answer:

$1,400

Explanation:

The gain after the sale of the investment is the excess of the total selling amount over the cost of acquiring the shares initially.

Cost of initial acquisition=100*$78=$7800

Proceeds from shares disposal=100*$92=$9200

The gain after the sale of the investment=$9,200-$7,800

The gain after the sale of the investment=$1,400

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5 0
3 years ago
Suppose the price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic in a spe
Rzqust [24]

Answer:

c. producers

Explanation:

Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.

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7 0
3 years ago
Which of the following journal entries represents an increase in accounts payable correctly
PtichkaEL [24]

Answer:

C) Inventory xxx Accounts Payable xxx

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Accordingly the company buys inventory and the inventory is an asset and thus, the company will debit the inventory account.

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8 0
2 years ago
Given the following probability distribution:
tamaranim1 [39]

Answer:

4

Explanation:

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A severe freeze has once again damaged the Florida orange crop. Explain the impact of the weather condition on the market for or
Elanso [62]

Answer:

Because the freeze has damaged the orange crop, the supply curve wil shift to the left, since suppliers now have less oranges available for sale.

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3 years ago
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