Answer: See explanation
Explanation:
a. What are the amount and nature of Dennis’s loss upon closing the short sale?
Sales consideration = $100 × $152 = $15200
Less: Closing Value of Short sales = 100 × $190 = $19000
Short term capital loss = $3800
b. When does the holding period for the remaining 100 shares begin?
The holding period for the remaining 100 shares begin on May 2, 2020, which was when the short sale was closed.
c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?
Sales consideration = 100 × $27 = $2700
Less: Base value = $19000
Short term capital loss = $16300
Answer:
$284,200
Explanation:
The computation of cash collections is shown below:-
Cash sales of October = $282,000 × 80%
= $225,600
Credit sales collection
September = ($304,000 × 20%) × 50%
= $30,400
October = $282,000 × 20% × 50%
= $28,200
Total cash collections for the month of October = Cash sales of October + Credit sales collection of September + Credit sales collection of October
= $225,600 + $30,400 + $28,200
= $284,200
Answer:
More-for-more
Explanation:
A value proposition refers to the value a company promises to deliver to customers if they decide to purchase their product. A value proposition is also a declaration of intent or a statement that introduces a company's brand to consumers by informing the customers what the company stands for, how it is being operated, and why it deserves their patronage.
A solvency ratio. It measures the income or operates success of an enterprise for a given period of time.
Answer:
Tami and Construction Inc. Vs. Frank
Can Frank sue Tami or Construction, Inc. and recover damages if either party breaches the contract?
Frank will not be successful if he sues either party because he is an incidental beneficiary.
Explanation:
Frank is just an incidental beneficiary and a third party who benefits from the contract between Tami and Construction, Inc. The contract is not intended to benefit Frank. Therefore, Frank does not have any legal rights under the contract. He cannot successfully sue Tami or Construction, Inc. if either party breaches the contract. He lacks the contractual rights to sue either party.
