Depreciation charges are the attention to the Accumulated Depreciation account, which is a noncash equity sheet account. Depreciation is combined to that account in order to adjust net income for all of the charges in the noncash equity sheet account appeared in the period.
After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard
Answer:
d- EVP has a short-term swing profit is $3000
Explanation:
Lets first understand what short-term swing profit is. Short-term swing profit is profit dependent upon a rule normally set by the securities & exchange commission which states that any profits made by company insiders through the purchase and sale of share/stocks within six months must be returned to the company. Company insiders are people/employees working within the entity mostly having more than 10% of company's shares or employees such as executives, directors and managers.
Now It's not clear from the question what the purchase price of the shares was when EVP sold them on January 12 2016, assuming these shares were purchased at $20, then the short-term swing profit would be $2000 as at January. Then EVP purchases 100 shares at $20 and sells them at $30 per share as at june. The additional short-term swing profit would be $1000 (i.e $30-$20=$10 per share).
Therefore the total short-term swing profit is $3000
