Answer:
d)$1,100 long-term capital gain
Explanation:
Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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Answer:
b. enforce the policy or recover the amount of the premiums paid.
Explanation:
Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.
This means Petra can either enforce the law as a top person or recover the amount of premiums paid.
The events listed that would terminate a brokerage relationship where a broker represented a seller are:
- The house sold and the transaction closed
- The owner declares personal bankruptcy
<h3>Who is a broker?</h3>
Broker is a person or a company whose work is to sell a company's products hence charge a commission for each product sold. He is like an intermediator between the company and the client.
An agency relationship creates a fiduciary duty owed by the agent to the principal, hence must act in the best interest of his principal at all times.
However, a brokerage relationship may be dissolved where the owner of an item is declared bankruptcy and also were transaction have been completed or closed.
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Answer:
Installing equipment, designing systems, gathering information
