1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
worty [1.4K]
3 years ago
8

At his death, on January 1, 2017, Morris owned shares of ABC Corporation common stock, with a fair market value of $50 per share

, which he had purchased in 2001 for $25 per share. If Morris's executor elected to value the estate by using the alternate valuation date, but then sold the shares through a broker-dealer on May 15, 2017, at $40 per share, what is the estate's basis per share for estate tax purposes
Business
1 answer:
Zepler [3.9K]3 years ago
4 0

Answer:

$40

Explanation:

If the beneficiary appoints to use the items with different date to measure the estate of the deceased, the share price shall be the price at the time six months after passing, if the property has been previously sold. In this scenario, the FMV on the original sale, $40.

You might be interested in
Cuál es la teoría de Adams?
mash [69]

Answer:

Adams' Equity Theory calls for a fair balance to be struck between an employee's inputs (hard work, skill level, acceptance, enthusiasm, and so on) and an employee's outputs (salary, benefits, intangibles such as recognition, and so on).

Explanation:

Hope it works!!

8 0
3 years ago
Arnold learned something very valuable as a teenager from his dad. He was told to invest​ $1,000 at​ 12% interest at age 20 and
ira [324]

Answer:

The investment of $1000 that yields 12% interest per year would become $2000 in 6 years' time as shown by the calculation below

Explanation:

In determining the how long it would take for the investment to become $2000, the future value formula stated below is used.

FV=PV*(1+r)^N

FV is the $2000

PV, present value is $1000

r is the rate of return at 12%

2000=1000*(1+0.12)^N

2000/1000=1.12^N

2=1.12^N

by taking log of both sides the equation becomes

ln 2=N ln 1.12

N= ln 2/ln 1.12

N=6.116255374

approximately N is 6 years

6 0
4 years ago
The nike swoosh is an example of ________ tools to create a position for the brand that distinguishes it from its competitors?
Jet001 [13]

Answer:

Symbolism

Explanation:

The nike swoosh is an example of position based on symbolism tools for the brand to distinguishes itself from its competitors?

Cheers

3 0
3 years ago
A publisher of photography books finds that it is cost-effective to print 10,000 or more at a time. But abookstore orders only a
Gre4nikov [31]

Answer:

B) why both discrepancies of quantity and assortment occur

Explanation:

The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.

For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.

6 0
3 years ago
In the Shaping Department of Rollins Company the unit materials cost is $5.00 and the unit conversion cost is $3.00. The departm
sukhopar [10]

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

8 0
3 years ago
Other questions:
  • Your coworker makes a comment about a blouse you are wearing. The comment makes you very uncomfortable. This is an example of:
    11·1 answer
  • On June 30, 2019 Martin Corp.’s balance sheet included a 10%, $3,000,000 note payable. The note is dated October 1, 2017, and is
    5·1 answer
  • A company makes concrete statues. Each statue requires 10 pounds of concrete at $2 per pound and 0.2 direct labor hours at $30 p
    7·1 answer
  • Castillo Services paid K. Castillo, the sole shareholder of Castillo Services, $5,700 in dividends during the current year. The
    5·1 answer
  • What is the first component of the manufacturing process one must consider when planning a manufacturing system?
    7·1 answer
  • Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31
    14·1 answer
  • The selling price of a particular product is $6 per​ unit, fixed costs total $18,000 ​, and the breakeven sales in dollars is $2
    9·1 answer
  • Samson Company reported total manufacturing costs of $320000, manufacturing overhead totaling $52000, and direct materials total
    8·1 answer
  • They are the once who determine whether they will put their money in the business or not
    10·1 answer
  • What value do businesses using the tbl bring to society, and how might society be impacted if tbl were not a common business pra
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!