BUSINESS HIGH SCHOOL

If you buy 200 shares of stock in a taxable account for​ $22,500 on October​ 1st, sell them for​ $18,000 on October​ 12th, and buy back 200 shares of the same stock on October 28th for​ $19,000, what would be your reportable tax​ loss?

Answers

Answer 1
Answer:

Answer:

Tax loss=$23500

Explanation:

Total shares bought=Shares bought on 1st October+shares bought on October 28th October

Where;

Shares bought on 1st October=$22,500

Shares bought on October 28th October=$19,000

Replacing;

(22500+19000)=41500

Total shares bought=$41500

Total shares sold=shares sold on 12th October=$18,000

Tax loss=Total shares bought-Total shares sold

(41500-18000)=$23500

Tax loss=$23500

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Answers

This would be called a premium.

Magnus has reached the finals of a strength competition. In the first round, he has to pull a city bus as far as he can. One end of a rope is attached to the bus and the other is tied around Magnus's waist. If a force gauge placed halfway down the rope reads out a constant 1500 1500 Newtons while Magnus pulls the bus a distance of 2.20 2.20 meters, how much work does the tension force do on Magnus? The rope is perfectly horizontal during the pull.

Answers

Answer: -3,300Nm or -3,300 Joules

Explanation:

Work = F X d

Where:

F = force = 1,500 N

d = distance = 2.20m

We will be taking into consideration that the work that the tension force on the rope does to Magnus is negative because the force goes against Magnus.

This is in accordance with Newton' third law, which states that for every action, there is an equal and opposite reaction.

Therefore, we have:

W = F X d

W = 1,500 X 2.20

W = 3,300Nm

Since we are not calculating the work done by Magnus, but rather the opposite work done by the rope, our answer will be negative.

We therefore have:

-3,300Nm or -3,300 Joules.

Assigning indirect costs to specific jobs is completed by which of the following?A. applying the costs to manufacturing overheadB. using the predetermined overhead rateC. using the manufacturing costs incurredD. applying the indirect labor to the work in process inventory

Answers

Assigning indirect costs to specific jobs is completed by using the predetermined overhead rate. The answer is B.

Once the predetermined overhead rate is established, it is applied to each job based on the actual amount of the allocation base used by that job. This ensures that indirect costs, such as rent, utilities, and supervision, are allocated to each job in a fair and accurate manner.

By using the predetermined overhead rate, companies can determine the true cost of each job, which is essential for accurate pricing decisions and for determining the profitability of each product or service.

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B) never changes.
C) increases annually.
D)decreases annually.

Answers

B, it's a steady mortgage rate that won't change.

Answer: B. Never changes.

Explanation: A monthly fixed rate mortgage payment will NEVER change.

Hope this helped. :)

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Answers

The key difference in accounting procedures between sole proprietorships and partnerships is how the capital section is handled. In partnerships, the capital section is divided according to the number of partners with each partner contributing differently.

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A teenage driver crashes her parents' minivan into an office building, causing $85,000 in damage to the building. The automobile liability insurance limits are 100/250/75. How will the damages be allocated between the driver and the insurance company?

Answers

Explanation:

Given that

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The insurance limits is

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And, the 75,000 is the damage of the property

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= $85,000 - $10,000

= $75,000

Because maximum amount is $75,000
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