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Dafna11 [192]
3 years ago
5

Determine the tax consequences to Euclid from the following independent events. Round the per share answer to the nearest cent.

In your computations, do not round intermediate division. Round all of your other answers to the nearest dollar. a. Euclid bought 500 shares of common stock five years ago for $50,000. This year, Euclid receives 20 shares of common stock as a nontaxable stock dividend.
Business
1 answer:
Levart [38]3 years ago
8 0

Answer:

$100 per share

Explanation:

Complete question: <em>As a result of the stock dividend, Euclid's per share basis is $?</em>

<em />

The Total stock is 500 shares for $50,000 Basis = 50,000 / 500 = $100

Hence, Euclid's per share basis is = $100 per share

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Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

5 0
2 years ago
For each of the following, is it part of demand for yen or supply of yen in the foreign exchange market? a. A Japanese firm sell
Lorico [155]

Answer:

a. A Japanese firm sells its U.S. government securities to obtain funds to buy real estate in Japan.

This contributes to the demand for yen

b. A U.S. import company pays for glassware purchased from a small Japanese producer.

This contributes to the demand for yen

c. A U.S. farm cooperative receives payment from a Japanese importer of U.S. oranges.

This contributes to the supply of yen for foreign exchange

d. A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange.

This contributes to the demand for yen

Explanation:

3 0
2 years ago
Question 18 :Project managers must balance three elements that compose the project triangle. You are a project manager who is ha
denpristay [2]

Answer: The project scope will increase

Explanation:

From the question, we are informed that there is a project manager who is halfway through a project and then his customer contacts him to say that he has been authorized to provide additional funds for the project.

This will most likely increase the project scope. The project scope simply means the work that is needed to be done in order for a particular project to be accomplished. Due to the increase in funds, it means that more work will be expected.

4 0
2 years ago
Identify which of the following statements is false.
oksian1 [2.3K]

Answer: The correct answer is "D. A​ shareholder's S corporation stock basis will increase when the shareholder acts as guarantor on a corporate indebtedness.".

Explanation: The statement D. A​ shareholder's S corporation stock basis will increase when the shareholder acts as guarantor on a corporate indebtedness. is <u>FALSE</u> because a shareholder's S corporation stock basis does not increase when the shareholder acts as guarantor on a corporate indebtedness.

6 0
3 years ago
It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Pur
alexira [117]

Answer:

  • a. Population proportion = 0.40
  • b. Sample proportion = 0.35

Explanation:

Question wants to know the population proportion and the sample proportion.

a. Population proportion:

The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.

Population proportion is therefore 0.40.

b. The sample proportion uses the sample details not the population details:

= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample

= 70 / 200

= 0.35

7 0
3 years ago
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