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ra1l [238]
1 year ago
8

Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h

e sold his investment for $11.20 per share. what is his total capital gain?
Business
1 answer:
lys-0071 [83]1 year ago
8 0
It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.

To get the capital gain, compute the total price in which Joseph sold his investment.

$11.20 x 100 = $1,120

Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120

The total capital gain is $120
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Recently it was announced that FC Cola Company was pursuing a merger with Lemon-Lime Soda Co. The proposed merger is expected to
Helga [31]

Answer:c horizontal

Explanation:

6 0
1 year ago
Carol was preparing for the next employee appraisal at her company. She already had her work accomplishments documented and read
Svetlanka [38]

Answer:

the ringht answer is C.

Explanation:

the accomplishment of goals in the organization that would help her in the summary of her personal characteristics because, they are all the contributions that she has offered to the company at a professional level to contribute in the good management of her processes

5 0
2 years ago
Read 2 more answers
Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is
mamaluj [8]

Answer:

Option A is correct

Explanation:

The 2 Option are:

<em>i. The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements </em>

<em>ii. The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements.</em>

<em />

Delta insurance company is a typical insurance company that operates it business in line with the Insurance practice code in its operation country. Failure of perform those duties strictly will lead to revoke of operational license which will incur consequential loss for the Insurance Company.

Delta Insurers insures against peril of Vehicle, Fire, Burglary, Consequential loss, Business Interruption and so on.

The insurer however have its own mode of settling claims as stated in the Policy form. The statement might be stated in there that "<em>we typically affirms claims within 120 days after we receives proof of loss statements". </em>No insurer can states in its policy form that "<em>we typically affirms claims within 120 days after it receives proof of loss statements", t</em>his is against the code of conduct of Insurance business

<em />

7 0
1 year ago
Stear Corp. decides to deposit $1,000 in its bank account. This cash was paid from the cash register of the company. What will b
Liula [17]

Answer:

Cash Account (debit) 1,000

Cash in Bank Account (Credit) 1,000

Explanation:

Given

Amount = \$1,000

Required

Write a journal entry

In this case:

The company deposits $1000.

This means that, $1000 will be debited from the company's cash account.

So, the entry for that will be:

Cash Account (debit) 1,000

In the same vein, $1000 will be credited into the company's bank account.

So, the entry for that will be:

Cash in Bank Account (Credit) 1,000

5 0
1 year ago
Read 2 more answers
Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue t
ad-work [718]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Schrute Farm Sales buys portable generators for $470 and sells them for $720 He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $7,000 a month rent for his store and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 500 generators in June.

Revenue= 720*500= $360,000

Cost of goods sold= 470*500= 235,000 (-)

Sales commision= 0.05*360,000= 18,000 (-)

Contribution Margin= 107,000

Rent= 7,000 (-)

Fixed sales comission= 1,700 (-)

Operating income= $98,300

8 0
1 year ago
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