Answer:
$300,000
Explanation:
From the above passage, the information given is that the land was valued at $300,000 which is the fair market value price as at when Tobin's father died. What this means is that the amount of $300,000 will be Tobi's basis in the land although the land was purchased by his father at the cost of $19,000 in 1970.
Since the federal estate tax return was filed, and the value of the land was $300,000, hence his basis(Tobin) in the land would be $300,000
It is False. :) Without your learners you can not receive a motorcycle endorsement.
The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.
<h3>What is
the expected return?</h3>
Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false
In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.
Read more about the expected return
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Answer:
c.$99,100
Explanation:
Beginning stock basis 39,800
Add:Increase in AAA $31,000
Increase in OAA $6,300
Stock purchases 22,000
Shareholder's ending stock basis $ 99,100
OR
Shareholder's ending stock basis = Beginning stock basis +Increase in AAA + Increase in OAA + Stock purchases
= $ 39,800 + 31,000 + 6,300 + 22,000
= $ 99,100
Answer:
(450.33)
Explanation:
Anthony has purchased a new shipment of 50 Bluetooth earbuds that he plans to sell for $99.99 each.
The manufacturer informs Anthony that each product will cost Anthony $52, but this does not include the cost of transportation.
Even with the extra transportation costs, Anthony is not worried. He believes he can sell all 50 earbuds by the end of the month.
After adding up inventory, transportation, storage, and other costs, he determines that his total costs will be $3,750.
However, by the end of the month Anthony has only sold 33 earbuds.
Therefore his profit is
Revenue = 33 earbuds x $99.99 each = $3,299.67
less: Total costs = .........................................<u>($3,750.00)</u>
Profit = .............................................................. <u>(450.33)</u>