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NeX [460]
2 years ago
14

In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15

,000. Several months later in the same year after the gift, a $500 dividend was declared on the stock and paid to Dora's granddaughter. What amount must Dora's granddaughter include in her gross income for the current year
Business
1 answer:
LuckyWell [14K]2 years ago
6 0

Answer:

$500

Explanation:

Based on the information given we were told that the DIVIDEND of the amount of $500 which was declared on the stock was paid to Dora's granddaughter Several months later, which means that the amount that Dora's granddaughter must include in her GROSS INCOME for the current year will be the dividend amount of $500 that was paid to Dora's granddaughter.

Therefore the amount that Dora's granddaughter must include in her gross income for the current year is $500

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If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne
Stels [109]

Answer:

The answer is $3,214,285.71

Explanation:

Price of each award is $45,000

And there are 5

Therefore, we have 5 x $45,000

=$225,000.

So, $225,000 is the future value.

Rate of return(r) in 7% and it is being assumed that it is forever.

So, so how much will be needed to fund his prizes(present value)?:

PV = FV/r

= $225,000/0.07

=$3,214,285.71

5 0
3 years ago
In the context of Lazarus's model of appraisal, which of the following defines the term reappraisal? a. Determining whether reso
gladu [14]

Answer:<u><em>(d.) Evaluation of whether the response made to a demand or threat was effective</em></u>

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.  

He also stated that these cognitive appraisal will happen when a individual considers two major element that add in his response to stress. These two element are as follow :

The baleful propensity of the stress to the individual, and

The classification of resources required to decrease, endure or decimate the stressor and the stress it produces.

3 0
3 years ago
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $14,000 indica
Readme [11.4K]

Answer:

Department Y $9000

Department Z $5000

Explanation:

Delivery expense can be calculated using the allocation and apportionment method for Y and Z.

<u>Step 1. Allocation</u>

The costs that are directly attributable to the departments would be allocated to its relevant department. Here, $1500 are the direct expenses for the deliveries for the department Y, so at the first step,

Department Y Cost = $1500

For the department Z, their are no direct expenses for the deliveries,so at the first step,

Department Z Cost = $0

<u>Step 1. Apportionment</u>

The indirect cost of $12500 ($14000 - $1500) would be apportioned among department Y and Z.

So

Department Y = $1500 + $12500 x 60% = $9000

Department Z = $12500 x 40% = $5000

3 0
3 years ago
True or false: The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one in
Ket [755]

The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true.

<h3>What is an Inventory Account?</h3>

Inventory accounting is part of accounting that involves modifications in values and accounts or price of inventoried assests.

A company's inventory nvolves goods are grouped into three stages of production which are raw goods, in-progress goods, and finished goods that are ready for sale.

Therefore, The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true because gross profit will be lower, income tax will be lower and the cost of goods will increase.

Learn more on inventory account from the link below.

brainly.com/question/8192827

7 0
2 years ago
What is the Total Cost of a stock purchase if the stock price is $12, shares purchased 100, with a 2% Broker's Fee? (Stock Price
Vaselesa [24]
That is correct, good job
5 0
3 years ago
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