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3 years ago

22. Akshay worked at a cafe while he was a college senior in Boston,

Business

2 answers:

Nostrana [21]3 years ago

7 0

Answer: The answer is C

Explanation: I got this correct on a test

BartSMP [9]3 years ago

6 0

Answer:

Explanation:

added an answer so the other person could get points :)

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Jack and Diane decided to remodel their kitchen. They removed their old cabinets and replaced them with newer, nicer cabinets. T

Hitman42 [59]

Answer:

The answer is: $2,500

Explanation:

According to the IRS, the cost basis for any asset should be the original cost adjusted by its depreciation.

Since Jack and Diane aren't able to determine the depreciation expenses for the cabinets, they should use their fair market value as cost basis.

4 0

3 years ago

Alan krueger conducted a survey of fans at the 2001 super bowl who purchased tickets to the game for $325 or $400. krueger fou

Gekata [30.6K]

These results are evidence of "the endowment effect".

The endowment effect, in behavioral finance, portrays a situation in which an individual qualities something that they officially possess more than something that they don't yet claim. Studies have indicated over and again that individuals will esteem something that they effectively claim more to a comparable thing they don't possess. It doesn't make a difference if the thing being referred to was bought or gotten as a gift, the impact still stays.

5 0

3 years ago

DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred sto

DanielleElmas [232]

Answer:

Jan. 10

Cash $507,00 (debit)

Common Stock $507,00 (credit)

Mar 1

Cash $566,500 (debit)

Preferred Sock $515,000 (credit)

Share Premium : Preferred Stock $51,500 (credit)

April 1

Land $91,000 (debit)

Common Stock $91,000 (credit)

May 1

Cash $420,000 (debit)

Common Stock $420,000 (credit)

Aug 1

Legal Expenses : Attorneys bill $39,500 (debit)

Common Stock $39,500 (credit)

Sept 1

Cash $80,500 (debit)

Common Stock $80,500 (credit)

Nov 1

Cash $222,000 (debit)

Preferred Sock $200,000 (credit)

Share Premium : Preferred Stock $22,000 (credit)

Explanation:

Common Stocks are at no par value:

This means that ,

1.When Common Stocks are Issued, the value is the issue price there is no share premium reserve on it.

2. For consideration paid in Common Stocks, value of stocks would be the same as the cost at initial recognition. For example the Purchase of Land on April 1. Initial recognition is at Asking Price of $91,000. Hence common stocks are issued at $91,000.

Preference Stocks are at $100 par

This means that,

1.Any issue of Preference Stock made in excess of par value is accounted in the Preference Share Premium Reserve.

5 0

3 years ago

Construction crafts are what kind of jobs? A: Academic B: Theoretical C: Physical

kondaur [170]

Answer:

C. Physical

Explanation:

Hope it help

8 0

2 years ago

The XYZ Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income

STatiana [176]

Answer:

21.26%

Explanation:

Calculation for the Rate of return that the

investor receive on the XYZ Fund last year

Using this formula

Rate of return =Current value - original value +Income distributions+ Capital gain distributions) / original value) x 100

Where,

Current value =$19.47

Original value =$17.50

Income distributions=$0.75

Capital gain distributions=$1.00

Let plug in the formula

Rate of return($19.47 - $17.50 + $0.75 + $1.00)/$17.50

Rate of return =($1.97+0.75+$1.00)/$17.50

Rate of return=$3.72/$17.50

Rate of return =0.2126*100

Rate of return =21.26%

Therefore the rate of return that did investor receive on the XYZ Fund last year will be 21.26%

8 0

3 years ago