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seropon [69]
3 years ago
8

You just sold 300 shares of stock at a price of $42.06 a share. You purchased the stock for $39.80 a share and have received tot

al dividends of $1,272. What is the total capital gain on this investment
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

$678

Explanation:

Given that,

Number of shares sold = 300

Selling price of each share = $42.06

Cost of purchasing shares = $39.80 per share

Total dividend received = $1,272

We can easily determine the total capital gain on this investment by comparing the sales value and purchase value of this stock.

Total capital gain on this investment:

= Sales value - Purchase value

= (Number of units × Selling price per unit) - (Number of units × cost of purchasing per share)

= (300 × $42.06) - (300 × $39.80)

= $12,618 - $11,940

= $678

You might be interested in
Alliance Products purchased equipment that cost $120,000. It had an estimated useful life of four years and no residual value. T
poizon [28]

Answer:

Alliance should record a loss of $5000.

Explanation:

Depreciation : The depreciation is the amount which is charged every year. It is a decrease value in the asset due to obsolescence, tear and wear value, usage of time, etc.

There are many methods for calculation the depreciation such as straight line method (SLM), Written down value method (WDV) and many more.

In the question, the straight line method is used.

In straight line method, the deprecation is charged with same value over the useful life of asset.

So, the calculation of depreciation is given below:

Since,

The purchase amount of equipment = $120,000

Useful life  = 4 years

Salvage value = 0

Sale value at the end of the third year = $25,000 cash.

By using above information, we have to calculate the depreciation for 3 years as in the end of the 3 year, the asset is sold.

Depreciation Formula for SLM method  = (Purchase cost- Salvage value) ÷ useful life

=  ($120,000 - 0) ÷ 4

= $30,000

So, the amount of depreciation for all year is $30,000

Depreciation for 1 year = $120,000 - $30,000 = $90,000

Depreciation for 2nd year = $90,000 - $30,000 = $60,000

Depreciation for 3rd year = $60,000 - $30,000 - $25,000 = -$5000

In the 3rd year, the alliance have a loss of $5000 after selling asset.

Hence, Alliance should record a loss of $5000.

3 0
3 years ago
A one-brand-name strategy should be adopted when the name cannot be pronounced in the local language, when the brand name is own
marishachu [46]

Answer:

False

Explanation:

A brand is a name, term, design, symbol or any other feature that identifies one seller's good or service as distinct from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Name brands are sometimes distinguished from generic or store brands.

4 0
3 years ago
Balances for each of the following accounts appear in an adjusted trial balance. Identify each as an asset, liability, revenue,
inna [77]

Answer:

Explanation:

1. Accounts Receivable - Asset (Come under Current Asset)

2. Equipment - Asset (Come under Fixed asset)

3. Fees Earned - Revenue (Come under income statement)

4. Insurance Expense - Expense (Come under income statement)

5. Prepaid Advertising - Assets (Come under Current Asset)

6. Prepaid Rent - Asset (Come under Current Asset)

7. Rent Revenue - Revenue (Come under income statement)

8. Salary Expense - Expense (Come under income statement)

9. Salary Payable - Liability (Come under current liabilities)

10. Supplies - Asset  (Come under Current Asset)

11. Supplies Expense - Expense  (Come under income statement)

12. Unearned Rent - Liability (Come under current liabilities)

6 0
3 years ago
Jermaine lives in a world where the nominal interest rate is 3% and the inflation rate is 1%. today, jermaine has $200, with whi
Assoli18 [71]
<span>Divide $200 by 80 to get $2.50 price per zap. At 3%, Jermaine's $200 would grow to $206 ($200 x 1.03) = $206 by the end of the year. At the end of one year he would have $6 more and would be able to purchase two more zaps (2 X ($2.50 X 1.03), or 2 X $2.575 = $5.15) He would have $.85 left in change.</span>
4 0
3 years ago
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a
brilliants [131]

Answer:

Option c is correct

$245,680

Explanation:

The total manufacturing cost = $737,040.

Units produced = 22,200

Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

Cost of goods sold before adjustment for overheads

= (cost per unit × units sold)

= $33.2 × 7,400

= $245,680

3 0
3 years ago
Read 2 more answers
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