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iren2701 [21]
3 years ago
7

Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o

f the sale?
Business
1 answer:
djverab [1.8K]3 years ago
7 0

Answer:

$24

Explanation:

500 * 18 = $9000 worth of stock initially.

She sells with a $3000 gain, which means the value of the stock is $12000

12000/500 = $24

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l a fixed asset for $72,376 when its book value is $43,070. If your company's marginal tax rate is 25 percent, what will be the
tiny-mole [99]

Answer:

Cash flow= $64,847

Explanation:

Giving the following information:

Sellin price= $72,376

Tax rate= 25%

Book value= $43,070

<u>First, we need to calculate the gain from the sale and the tax:</u>

Gain= 72,376 - 43,070= $29,036

Tax= gain*tax rate

Tax= 29,036*0.25= $7,259

<u>Now, we can calculate the after-tax cash flow:</u>

<u></u>

Gain= 29,036

Tax= (7,259)

Book value= 43,070

Cash flow= $64,847

4 0
3 years ago
Comment down below if you go to Carroll High School in Monroe La
Ganezh [65]

Answer:

yesss but i graduated in 2017

6 0
3 years ago
Freda is a cash basis taxpayer. In 2019, she negotiated her salary for 2020. Her employer offered to pay her $21,000 per month i
nataly862011 [7]

Answer:

A. N0

B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021

C. NO

Explanation:

a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that

is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.

b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021

c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.

4 0
3 years ago
On March 2, Kingbird, Inc. sold $954,000 of merchandise on account to Ayayai Company, terms 4/10, n/30. The cost of the merchand
shtirl [24]

Answer:

Following Journal Entries are recorded for Kingbird, Inc

Explanation:

<u>March 02</u>

Debit: Account Receivable = $954,000

Credit: Sale = $954,000

(Credit Sale is Recorded)

Debit: Cost of Good Sold = $590,000

Credit: Inventory = $590,000

(To Record Cost of merchandise Sold)

6 0
3 years ago
Partnerships operate as both an entity and as a collection of individuals. When it comes to taxes, partnerships are a (an) _____
Arte-miy333 [17]

Answer:

The correct answers are "collection of individuals " and "pay no income tax".

Explanation:

A partnership itself does not pay income taxes directly. The partnership files an information return that allows it not to pay the income directly. However, while the partnership itself is not taxed on its income, each partner is taxed on his or her share of the partnership's income.

Have a nice day!

8 0
3 years ago
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