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Anettt [7]
2 years ago
5

ack purchased 200 shares of Apple stock earlier this month at the price of $210 per share. Apple stock is trading at $218 today

and will pay a dividend of $2/share with tomorrow being the ex-date. Jack faces an ordinary income tax rate of 35% and a capital gain tax rate of 18.8%. How much unrealized capital gains will he have after the dividend payment
Business
1 answer:
VARVARA [1.3K]2 years ago
4 0

Answer:

The amount of unrealized capital gains he will have after the dividend payment is $1,200.

Explanation:

Apple stock price per share today = $218

Dividend per share = $2

Apple stock ex-date price per share = Apple stock price per share today - Dividend per share = $218 - $2 = $216

Unrealized capital gains = Number of Apple stock shares purchased * (Apple stock ex-date price per share -  Price per share at which Apple stock shares were purchased) = 200 * ($216 - $210) = 200 * $6 = $1,200

Therefore, the amount of unrealized capital gains he will have after the dividend payment is $1,200.

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3 years ago
Sally Smith decided to start a sea shell business. Her initial investment in the business consisted of $10,000 in cash. Record t
tensa zangetsu [6.8K]

Based on the transaction that Sally engaged in, recording it will involve:

  • Debiting cash for $10,000.
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<h3>Recording Sally's transaction. </h3>
  • The cash transaction is an investment which will be recorded in the Shareholder's Equity account.
  • The investment came in cash so will go to the cash account.

When cash is increased as was the case here, it should be debited. When equity increases as was the case here once more, it is to be credited.

Find out more on shareholder's equity at brainly.com/question/26384373.

8 0
2 years ago
Can an isoquant ever slope​ upward? Explain. A. Yes. Where diminishing returns​ occur, the isoquant is upward sloping. B. Yes. I
alina1380 [7]

Answer:

B is the answer have a great day

Explanation:

6 0
2 years ago
A trader enters into a short forward contract on 100 million yen. The forward exchange rate is$0.0090 per yen. How much does the
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3 0
2 years ago
ssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,
Ilia_Sergeevich [38]

Answer:

the total cost of ending work in process is $39,420

Explanation:

The computation of the total cost of ending work in process is shown below:

Equivalent cost per unit

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Hence, the  total cost of ending work in process is $39,420

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2 years ago
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