Rhonda's per-share basis in the stock when it was sold was <u>$80 per share</u>.
<h3>What is the tax basis of an asset?</h3>
Rhonda's per-share basis in the stock sold refers to her cost tax basis. The tax basis of an asset is the amount of capital investment when computing for tax purposes.
The purchase or cost tax basis may be higher or less than the sale tax basis.
When the purchase tax basis is higher than the sale tax basis, it gives rise to a capital loss and vice versa.
Thus, Rhonda's per-share basis in the stock when it was sold was not $60 or $102 but <u>$80 per share</u>.
Learn more about tax bases at brainly.com/question/25899244
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Answer: $3,866,182.89
Explanation:
The winnings in 45 years are the future value of the $80,000 that you just won based on the return rate of 9%.
Future Value = Present Value ( 1 + return) ^ number of years
= 80,000 ( 1 + 0.09) ⁴⁵
= $3,866,182.89
Lottery winnings will be worth $3,866,182.89 when you retire.
Answer:
The answer is: C
Explanation:
This costing question assesses the stages of completion of inventory during the manufacturing process. The significant point of information is: all materials are added at the beginning of the process, meaning at the end of the period, materials are fully complete, that is, no more materials will be added to the ending work in process. However, the conversion costs are yet to be fully utilised. In this case, equivalent units (partial units computed as completed units for purposes of costing at the end of a financial period) will have to be calculated to reflect the stage of completion.
Materials cost: 5000 units at 100% completion yields 5000 units for costing
Conversion costs: 5000 units at 20% conversion completion is equal to: 5000*0.2= 1000 equivalent units
The costing calculation for ending work in process is as follows:
Materials cost: 5000 units at $5.00 per unit = $25,000
Conversion cost: 1000 units at $3.00 per unit = $3000
The total cost for ending work in process is the sum of the materials cost and conversion cost = $28,000
Answer:
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<span>An indication of NIAs’ impacts on economics is that the third and fifteenth Nobel Prizes in economic science were awarded largely for contributions to the development of national income statistics—to simon kuznets in 1969 and to richard stone in 1984.</span>
