Answer: $9,000
Explanation:
Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.
Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.
1% of the outstanding 900,000 shares is;
= 1% * 900,000
= 9,000 shares
This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.
The Answer is D cost and benefit ranked in progressive units.
The answer is $0.00 (third option).
Explanation:
During the year of 2018, the annual exclusion of both federal and state tax to cash gifts was up to $15,000 per individual. <em>Annual exclusion</em> means that there's up to a certain amount of money that can be gifted without being taxable. In this case, John and Joan's cash gift falls within the limit.
When couples gift money to their family members, the limit is precisely $15,000 per relative, individually; meaning the can gift up to a total of $60,000 without being subject to gift tax.
In the given scenario; "Yes, the chocolatier enforce the option because the option touches and concerns the leasehold estate".
<h3>What is Jurisdiction's Rule?</h3>
Jurisdiction is a phrase that refers to a court's power or authority to hear a matter. The ability of federal and state courts to hear cases is governed by both federal and state statutes, as well as the Constitutions of the United States and each individual state.
The jurisdiction's Rule Against Perpetuities: The rule against perpetuities is a legal rule in Anglo-American common law that prohibits people from using legal instruments (typically a deed or a will) to exert control over the ownership of private property for a period of time that extends far beyond the lives of those living at the time the instrument was written.
The exceptions to the rule against perpetuity are-
- The rule does not apply to vested interests since vested interests cannot be detrimental to remoteness.
- The rule does not apply to land acquired or controlled by Corporation.
- Philanthropic gifts; the rule does not apply to transfers for the benefit of the public for religious, pious, or charitable causes.
To know more about jurisdiction and its types, here
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Answer:
At 18,600 pounds, cost of both the machines would be equal
Explanation:
At Indifference point of production amount (pounds), the total cost of each machine will be equal
.
Indifference Point is calculated as: Change in Fixed Costs/Change in Variable Costs
Indifference Point = (8901 - 7599) / (0.52 - 0.45)
= 1302 / 0.07
= 18,600 pounds
At 18,600 pounds, cost of both the machines would be equal
