Business, 10.03.2020 22:50 joseph345637
An investor's portfolio currently is worth $1,000,000. During the year, the investor sells 1,000 shares of Fedex at a price of $90 per share and 5000 shares of Cisco systems at a price of $15 per share. The proceeds are used to buy 1000 shares of IBM at $165 per share.
What was the portfolio turnover rates?
If the shares in Fedex originally were purchased for $80 each and those in Cisco were purchased for $12.50, and if the investor's tax rate on capital gains income is 15%, how much extra will the investor owe on this year's taxes as a result of these transactions?
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 06:30, silas99
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
Business, 22.06.2019 20:00, hunter3978
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
You know the right answer?
An investor's portfolio currently is worth $1,000,000. During the year, the investor sells 1,000 sha...
Questions in other subjects:
Physics, 29.01.2021 19:00
Mathematics, 29.01.2021 19:00
Mathematics, 29.01.2021 19:00
Health, 29.01.2021 19:00
