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Ivan
2 years ago
10

Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540

,000 Long-term capital gain 22,000 Long-term capital loss (8,000) Short-term capital gain 19,000 Short-term capital loss (23,000) Question Content Area a. What is Liana's net capital gain or loss
Business
1 answer:
Alika [10]2 years ago
8 0

In this situation where Liana Amiri, who is single with no dependents, carried out the stated capital transactions in 2021, her net capital gain or loss is <u>$0</u>.

<h3>What is capital gain or loss?</h3>

The capital gain or loss is the difference between the selling price and the cost or purchase price of an investment or property.

When the selling price is more than the cost, a capital gain arises.  When the cost is more than the selling price, a capital loss arises.

<h3>Data and Calculations?</h3>

AGI (exclusive of capital gains and losses) $540,000

Long-term capital gain          $22,000

Long-term capital loss              (8,000)

Net long-term capital gain = $4,000

Short-term capital gain         $19,000

Short-term capital loss          (23,000)

Net short-term capital loss $4,000

Thus, Liana Amiri's net capital gain or loss is $0 ($4,000 - $4,000).

Learn more about capital gain or loss at brainly.com/question/25117603

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Percy works two part-time jobs to help pay for college classes. On Monday, he works 3 hours at the library and 2 hours at the co
shepuryov [24]

There are numerous types of part time jobs are available nowadays in order to earn money for the qualified workers. People can earn through part-time jobs without quieting their full-time opportunities.

<h3>How much does Percy earn each hour? </h3>

Correct option is C.

For the answer to the two questions above,

3x + 2y = 36.50.... (1)

2x + 5y = 50..... (2)

Then, Eliminating x from the two equations by subtraction:

First we multiply equation 1 by 2 and equation 2 by 1.

6x + 4y = 73

6x + 15y = 150

After that, Subtracting the two,

-11y = -77

y=-77/-11

y = 7

He earns $7 at the coffee cart.

Then, Substituting y into equation 1,

3x + 14 = 36.5

3(7)+14=36.5

x = $7.50

Therefore, he earns a greater wage of $7.50 at the library.

Learn more about part-time jobs, refer to the link:

brainly.com/question/919744

6 0
2 years ago
In a statement of cash flows using the indirect method, an increase in available-for-sale securities due to an increase in their
damaskus [11]

Answer:

The correct answer is d) A deduction from net income in determining cash flows from operating activities.

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

It depends on the account if it is added or subtracted to net income.

In this case, an increase in available-for-sale securities due to an increase in their fair value should be reported as a deduction from net income.

4 0
3 years ago
The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per
Likurg_2 [28]

Answer:

Direct material quantity variance= $992 unfavorable

Explanation:

Giving the following information:

Standard quantiy= 8kg

Standard cost= $0.8 per kilogram

Production= 870 unit

8,200 kilograms of the raw material was purchased for $6,888.

To calculate the material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 870*8= 6,960kg

Direct material quantity variance= (6,960 - 8,200)*0.8

Direct material quantity variance= $992 unfavorable

7 0
3 years ago
What three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network
Aleksandr [31]

The three logistics-related costs are relevant when analyzing the choice of number of facilities in a distribution network C) inventory costs, transportation costs, and facility costs.

<h3>What is logistic?</h3>

Logistic is the process of transporting the goods as well as the services of the company.

Therefore, the cost involves are:

  • inventory costs
  • transportation costs
  • facility costs.

Learn more about logistics-related costs at:

brainly.com/question/25885810

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5 0
2 years ago
Which situation creates scarcity in an economy?
scZoUnD [109]

Answer:

C. Citizens have more wants than they can fulfill with their available resources.

Explanation:

Correct for APEX

4 0
3 years ago
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