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kondaur [170]
3 years ago
15

Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2020. His father paid $44 per share

for the stock on February 2, 2019. The FMV of the stock on March 4, 2020, was $48 per share. Monte sold the stock for $54 per share on October 10, 2020. What is the amount and character of the gain or loss that Monte recognizes
Business
1 answer:
Marina86 [1]3 years ago
6 0

Answer:

$6,000 LTCG

Explanation:

Calculation to determine the amount and character of the gain or loss that Monte recognizes

Using this formula

Recognized gain or loss =Amount realized -Basis

Let plug in the formula

Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)

Recognized gain or loss=$54,000-$48,000

Recognized gain or loss=$6,000 LTCG

Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG

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pickupchik [31]

Answer:

Promotion.

Explanation:

Promotion is defined as the various activities that are carried out in bringing information about a product to the consumer. Various means are used to promote a product including advertisement via radio, television, internet, or newspapers. Referral is also used to promote products, and word of mouth.

Promotion is one of the four Ps of the marketing mix.

Marketing mix used is unique to a particular bcustomer type, for example the internet is a better channel to promote products to college students than newspapers.

Marketing mix is made up of price, product, place, and promotion.

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3 years ago
Using the consumer products classification system, which of the following is true of the marketing mix factors for a convenience
Elza [17]

Answer:

The correct answer is C

Explanation:

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So, the factor of marketing mix which will convenience product is the one which has the long channel of distribution, as it will help in reaching the product to the buyer.

4 0
3 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
jonny [76]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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6 0
3 years ago
Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod
andrezito [222]

Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

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CaHeK987 [17]

Answer:

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