On August 1, 2018, Kira purchased 100 shares of ITC stock for $5,000. There were no subsequent adjustments to her basis. On August 1, 2019, she sold 50 shares for $1,800. On August 31, 2019, she sold the other 50 shares for $3,400. Kira has a: ___________

a. Short-term loss of $200.
b. Short-term loss of $700 and a long-term gain of $900.
c. Long-term gain of $200.
d. Long-term loss of $700 and a short-term gain of $200.

Answers

Answer 1

Answer:

b. Short-term loss of $700 and a long-term gain of $900.

Explanation:

August 1, 2018, price per share $50

August 1, 2019, sold 50 shares at $36, resulting in a short term capital loss of ($700)

August 31, 2019, sold 50 shares at $68, resulting in a long term capital gain of $900

If you own a stock for 1 year or less, any gain/loss will be considered short term. If you own a stock for more than 1 year, any gain/loss will be considered long term.


Related Questions

( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 into a company. Where should International Investment Group look for relevant information about the company's performance? A. The company's Management Books B. The company's Tax Books C. The company's Budgets D. The company's Financial Books

Answers

Answer:

The correct option is;

The company's Financial Books

Explanation:

In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.

Walmart tracks the habits of the 100 million customers who visit it stores each week and responds with products and services directed toward those customers' needs based on the information collected. This is an example of ________ marketing.

Answers

Answer: database

Explanation: By tracking the habits of the 100 million customers who visit it stores each week and by responding with products and services directed toward those customers' needs based on the information collected, Walmart is engaged in database marketing.

A database is simply a collection of (usually) organised information in a regular structure, usually but not necessarily in a machine-readable format accessible by a computer. The details of customers both previous and potential, contained in a database can be used in direct marketing to generate personalized communications for promoting a product or service for marketing purposes. As such, the practice leverages customer data to deliver more personalized, relevant and effective marketing messages to customers making marketing communications more targeted, efficient, personalized, and an opportunity to improve customer service and experience.

Which of the following is an example of a contract that will most likely affect agents or brokers?

a. Contractor agreements
b. Inventory agreements
c. Listing agreements
d. Car rental agreements

Answers

Answer:

Contractor agreements

What key to career growth did Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon

Answers

Answer: ability to take risks

Explanation:

The key to career growth that Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon is the ability to take risk.

Risk is the degree of potential financial loss or uncertainty that can occur when an economic entity makes an investment decision. It should be noted that Jeff Bezos seeked higher returns which compensated for him taking an investment risk.

Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has

Answers

Answer: stayed the same

Explanation:

The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.

If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:

$42,000/157.5 = 266.67

$40,000/150 = 266.67

Since we both got thesame answers, Sawyer's real income is thesame.

In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.

Answers

Answer:

Acceptability

Explanation:

Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.

When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.

However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.

Garrison Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?

Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow
A. 23,000 = NA + 23,000 NA − NA = NA 23,000 FA
B. 23,000 = NA + 23,000 23,000 − NA = 23,000 23,000 FA
C. 23,000 = 23,000 + NA 23,000 − NA = NA 23,000 FA
D. 23,000 = 23,000 + NA 23,000 − NA = 23,000 23,000 OA

a. Option A
b. Option B
c. Option C
d. Option D

Answers

Answer:

Option A is the correct answer

Explanation:

The effects of issuing common stock for cash can be represented as follows,

An increase in assets of $23000No effect on Liability or debtAn increase in equity of $23000No effect on either Revenue or ExpenditureAn increase in cash flow for $23000

The issuance of common equity for cash results in an increase in cash account which is an asset account. Thus, the amount or balance of asset account increases by the amount of cash received.

The issuance of common equity also increases the capital/equity account or section of the balance sheet. Apart from this no other account is affected by this transaction and as this transaction results in a cash inflow for $23000, the net increase in cash flow is also $23000. Thus, option A is the correct answer.

Gary wants to create a perceptual map for positioning using the attribute-based approach. He comes to you for advice as to how he should get started on this. What is the first step you would advise Gary to undertake? a. Determine the specific questions to be used for the two types of ratings: (1) How does our company rate on a number of attributes? (2) How important is each of these attributes? b. Determine the importance of the attributes. c. Determine how similar pairs of two attributes are. d. Plot the attributes in a two-dimensional space.

Answers

Answer:

a. Determine the specific questions to be used for the two types of ratings: (1) How does our company rate on a number of attributes? (2) How important is each of these attributes?

Explanation:

            Perceptual map may also be called as Market Mapping. It is a diagrammatic technique that is used by the asset marketers which attempts to visually display the perceptions of the customers or the potential customers. Positioning of the brand is influenced by the customer perceptions rather than those of any businesses.

            In the context, Gary in order to form a perpetual map for the positioning, he should first determine some specific questions for the two types of the ratings -- how his company rate on the number of the attributes and the importance of these attributes.

Hence, option (a) is correct.

When one shareholder sells stock directly to another the transaction is said to occur in the: Group of answer choices primary market. OTC market. dealer market. NASDAQ market. secondary market.

Answers

Answer:

secondary market.

Explanation:

When one shareholder sells stock directly to another the transaction is said to occur in the secondary market.

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.


What is the key difference between command and market economies?

Answers

Answer:

Households answer the basic economic questions in a market economy, while a group of leaders answer them in a command economy.

Explanation:

In a command economy government controls the economy but in a market the people of households do.

Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 36 options: A) trademark law. B) privacy law. C) patent law. D) copyright law.

Answers

Answer:

D) copyright law.

Explanation:

Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.

Hence, when anyone downloads music tracks owned by record companies without paying for them, it is an example of a violation of copyright law.

The copyright law which protects the sharing and downloading rights of music is known as the Digital Millennium Copyright Act (DMCA).

On January 1, 2019, Branson Corporation issued $500,000 of convertible bonds at par value. The bonds were issued with a stated interest rate of 3%. Each $1,000 bond is convertible into 20 shares of the corporation’s $1 par value common stock. Branson may also elect to settle bonds with a cash payment in lieu of issuing stock. Similar bonds without the conversion feature would have sold for $455,000.

Required:
Prepare the journal entry for Branson to record the issuance of the convertible bonds.

Answers

Answer:

Dr Cash $500,000

Dr Discount on bompnd payable $45,000

Cr Bond payable $500,000

Cr Additional paid in capial - Conversion feature $45,000

Explanation:

Preparation of the journal entry for Branson to record the issuance of the convertible bonds.

Based on the information given we were told that the Corporation issued the amount of $500,000 of convertible bonds at par value and as well had Similar bonds that does not have the conversion feature which would have been sold for the amount of $455,000 which means that the journal entry to record the issuance of the convertible bonds will be:

Dr Cash $500,000

Dr Discount on bompnd payable $45,000

($500,000-$455,000)

Cr Bond payable $500,000

Cr Additional paid in capial - Conversion feature $45,000

(To record the issuance of the convertible bonds)

Do the advantages of substituting the bioplastic pla for conventional plastics outweigh the disadvantages

Answers

Answer:

The use of Bioplastic PLA is more beneficial than the conventional plastics

Explanation:

The bioplastic PLA is more beneficial because of its compostability, less cost, less Carbon dioxide emission when they are manufactured, plant raw materials are used which absorbs Carbon dioxide, renewable energy is utilized, etc. All these benefit which conventional plastics doesn't have, will leave better impact on the environment. Furthermore, the conventional plastic was very hazardous to marine life which PLA is not. So yes, we must use PLA responsibly. Because if we are recycling more and more, then their are fewer plastic in the ocean and less are the chances that marine life gets hurt.

I am conducting a survey as a project. I need ur help Which one you like 1. Ferrari 2. Lamborghini 3. Mclaren and why?? ( If you couldnt give your choice as an answer, then write it in the comment box below the question )

Pls help

Answers

Answer:

Explanation:

Compared to the McLaren, the Lamborghini has less power, a heavier engine, and less active aerodynamic designs. This allows the Huracán Performante to be an excellent supercar with extreme sounds, feels, and the excitement of a Lamborghini, but in performance the McLaren is superior.

E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organization. B) any digitally enabled transactions among individuals and organizations. C) the use of the Internet, the Web, and mobile apps to transact business. D) the use of any Internet technologies in a firm's daily activities.

Answers

Answer:

C) the use of the Internet, the Web, and mobile apps to transact business

Explanation:

E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways

1. Business to customer =  B2C

2. Business to business = B2B

3. Customer to customer = C2C

And many more

By using mobile applications, the customer could easily order their products that are to be shown in different applications

Therefore the option C is correct

"In order to recommend a variable annuity to a customer, the representative should have a reasonable basis to believe that the customer would benefit from:"

Answers

Answer:

D. I, II, III

Explanation:

For suggesting a variable annuity to a customer, the representative has the reasonable basis to trust the customer that gained from growth of the deferred tax for the separate account, the trust of receiving the income for life and the living or death benefit allowed in the contract

So here they all three give conditions should be considered as they are relevant

McLeod Inc. is considering an investment that has an expected return of 8% and a standard deviation of 10%. What is the investment's coefficient of variation?

Answers

Answer:

the investment's coefficient of variation is 1.25.

Explanation:

The  coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :

Coefficient of Variation = Standard Deviation ÷ Return

Therefore,

Coefficient of Variation = 10 ÷ 8

                                       = 1.25

Bill wants to reach valuable, relevant audiences and engage with them quickly and often with his ads. How will creating a Display Ads campaign allow him to reach his goal?

Answers

Answer: allows him to reach over 90% of global internet users across more than three million apps and websites.

Explanation:

The options to the question are:

a. it allows him to reach over 90% of global internet users across more than three million apps and websites.

b. It allows him to identify valuable audiences and collect statistical usage data from the websites where his ad appears.

c. It allows him to select for new audiences and scale down his advertising to appear on specific websites that he chooses.

d. It allows him to isolate valuable audiences regionally and convert local sales the first time his ad is seen.

Display ad campaigns are often image, text-based, or video advertisements which allows users click-through to landing page and then take necessary action such as making a purchase.

It should be noted that using the display and campaign can help Bill reach over 90% of global internet users across more than three million apps and websites. This enable him reach a larger audience.

Considering the amounts of paid and unpaid leave for two-parent families, how does the United States compare with other wealthy countries

Answers

Answer:

The US actually ranks at a lowest position when it comes to paid leave if we compare it against other developed nations.

Even if we include poor countries into our ranking, the US ranks at the very bottom. E.g. only a few countries in the world that are part of the UN do not have paid parental leave that includes all their citizens: the US, Surinam, and some island countries of the coast of Australia or southern Asia. Considering that the US is the only country of considerable size in the list, the other countries have populations of only a few thousands of people, it is not a good spot.

Although it is true that some states provide paid parental leave in the US like California, Massachusetts, New York, and others.

The US is actually the only developed country that doesn't provide universal parental leave for both mothers and fathers.

When it comes to unpaid parental leave, there is not much to compare with.  Since all the other developed countries provide paid parental leave, no other country provides unpaid leave.

BrightenUp Corp. uses a set of quantitative tools to assess employee data such as performance, compensation, designations, and benefits. This is done to arrive at decisions based on accurate findings from analyses that can help the firm achieve its goals. BrightenUp is engaging in the practice of

Answers

Answer: workforce analytics

Explanation:

Workforce analytics is the measuring of the behaviors of people and analyzing such behaviors in order to improve the performance of the individuals and the business.

Workforce analytics is done through the analysis of the data of individuals by using softwares and statistical methods so that better workforce decisions can be made.

If a Dealer Principal learns a manager has revealed the details from a dealer advisory board meeting to a competitor’s dealership, what is the appropriate response?

Answers

Answer: Immediately inform Nissan of the breach in confidentiality

Explanation:

A breach of confidentiality is a situation that occurs when the data or information that has been provided by a certain client to an individual in confidence is made known without the consent of the client to a third party. It should be noted that this can lead to harm to the client.

Therefore, if a Dealer Principal learns a manager has revealed the details from a dealer advisory board meeting to a competitor’s dealership, the appropriate response is to inform Nissan of the breach in confidentiality.

Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices

Answers

Answer:

5 units of x

Explanation:

Keisha's production possibilities frontier:

100x                 20y

50x                  30y

0x                     40y

the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x

The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)

Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint within:________

a. 180 days of the filing of the complaint.
b. 120 days of the filing of the complaint.
c. 100 days of the filing of the complaint.
d. 30 days of the filing of the complaint.

Answers

Answer:

c. 100 days of the filing of the complaint.

Explanation:

After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed

Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered

Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of his sales team. He is​

Answers

Answer: An Isolate

Explanation:

An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.

Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.

Bill's monthly mortgage payments were $1,300. However, Bill's final payment was $72,000. What type of mortgage did Bill have?

Answers

Answer:

Straight term mortgage

Explanation:

A straight term mortgage is also referred to as straight term loan or interest-only mortgage requires that the borrower(the mortgagee) makes interest payments on the mortgage untill the principal of the mortgage becomes due.

In this stance,the mortage interest may only be required for just 12 months after which the borrower pays back the entire $72,000 in one fell swoop.

The final interest payment of $1,300 would be paid alongside the principal of $72,000 i.e $73,200 would be made as the  final payment

Marginal cost is ______. the cost that can be traced to a specific product another name for the fixed cost per unit the cost incurred to produce one more unit of a product what is given up by selecting one alternative over another

Answers

Answer:

the cost incurred to produce one more unit of a product

Explanation:

Marginal cost can be defined as the additional cost that a firm incurs when it produces one additional unit of output.

The marginal cost of a good can be found using the following formula:

Marginal Cost = Change in cost / change in quantity

Information gathering to be used for decision-making goes back to the earliest days of recorded history. in the united states, surveys were used in the early 1800s to determine: the popularity of saloon entertainers. the popularity of early sports teams. the popularity of regional foods. the popularity of political candidates.

Answers

Answer: the popularity of political candidates.

Explanation:

Surveys in the 1800s were used in politics as a form of opinion polls to find out who the people thought would win in an upcoming election. The earliest known survey was done in July 1824 and was meant to find out the more popular candidate between Andrew Jackson and John Quincy Adams.

That survey was won by Andrew Jackson with a majority of 70% after which he went on to win the popular vote by a very narrow percentage but didn't become president as John Quincy Adams was voted in by Congress.

Due to a recent string of theft in your office, you need to harden your local system. What two actions are most appropriate for your situation? Each correct answer represents a complete solution. Choose two.

Answers

Answer:

I dont know I'm sorry

Explanation:

Because I dont get it amd I'm not smart im sorry

1. The two main types of cost accounting systems for manufacturing businesses are the __________ cost system and the __________ cost system.

Answers

Answer:

The two main types of cost accounting systems for manufacturing businesses are the PROCESS cost system and the JOB ORDER cost system.

Explanation:

Accountants that use the job order cost system determine the production costs for each lot or order of products that are manufactured. it is normally used when the units produced are not standard or uniform. i.e. the company manufactures different types of products.

Accountants use the process cost system when the company manufactures standard or uniform units of production. E.g. a company that produces one type of battery for cellphones.

From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the earnings per share?

Answers

Answer:

the earnings per share is $1.81 .

Explanation:

Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

Therefore,

Earnings per Share = $724,000,000 ÷ 400,000,000

                                 = $1.81

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