om recently received 2,180 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale

Answers

Answer 1

Answer:

the amount of loss on the sale is $4,360

Explanation:

the computation of the amount of Tom's income or loss on the sale is shown below:

= 2,180 shares ×$12 - 2,180 shares × $14

= $26,160 - $30,520

= $4,360

Hence, the amount of loss on the sale is $4,360

The same should be relevant


Related Questions

Determine which of the items below would show up on a monthly bank statement. (Check all that apply.)
Checks and other debits decreasing the account during the period
Deposits and other credits increasing the account during the period
Checks that the company has written, but have not cleared the bank yet
Beginning-of-period balance in the account
End-of-period balance in the account
Checks and other credits decreasing the account during the period

Answers

Answer:

Deposits and other credits increasing the account during the period.

End-of-period balance in the account.

Beginning-of-period balance in the account.

Checks and other debits decreasing the account during the period.

Explanation:

A bank's monthly statement may be described as document showing transaction details which occurred on a bank account during a specified period of time. The monthly statement will include balance or amount in the account at the beginning of the period. The record of deposits and inflow of funds or credits in the account. The monthly statement will also include outflow, which are withdrawals and debits occurring on the account at the specified period of time. Also, the statement will include the balance at the end of the specified period of time.

Answer:

beginning of period balance in account

End of period balance in account

Withdraws and other decreases to the account during the period

Deposits and other increases to the account durning the period

name the industry customers for smart watches ?what do you mean / what is the meaning of industry customers?

Answers

Answer:

Industrial customer means a customer engaged primarily in manufacturing or processing which changes raw or unfinished materials into another form or creates another product.

The management of a diverse group of customers with different needs within the same service setting is called:

Answers

Answer:

expert customer

Explanation:

Answer:

that would be an expert customer

For a closed economy, GDP is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit of $1 trillion. What are private saving and national saving

Answers

Answer:

Private saving = $3 trillion

National Saving = $2 trillion

Explanation:

Private saving = GDP - Taxes - Consumption + Transfer payments

Private saving = $18 trillion - $2 trillion - $13 trillion + 0

Private saving = $3 trillion

Government runs a deficit of $1 trillion means its spending is $1 trillion more than the tax revenue.

So, National Saving = Private saving + Public saving

National Saving = $3 trillion + ($2 trillion - $3 trillion)

National Saving = $3 trillion + (-$1 trillion)

National Saving = $2 trillion

Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease, Tomas decides to install smart lights and a security system that requires intensive modifications to the wiring and electrical system. May Tomas make such improvements?

Answers

Answer:

Yes, with Landis' permission

Explanation:

Yes, with Landis' permission.

Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.

According to the text, economists are starting to understand that ________ matter just as much as ________ to occupational success.

Answers

Answer:

personality traits; cognitive ability

Explanation:

The definition of a personality trait is a quality or an attributed that become different with respect to the character, action and the attitude.

While on the other hand, the cognitive ability means the mental capability that includes the capability for reasons, planning, problem solving

So here the personality traits are understand and also the cognitive ability for success of an organization

At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock outstanding and retained earnings of $6,900. During the year, Buffalo reports net income of $7,200 and pays dividends of $1,900. In addition, Buffalo issues additional common stock for $6,700. Required: Prepare the statement of stockholders' equity at the end of the year (December 31)..

Answers

Answer:

Statement of stockholders' equity at the end of the year December 31

                                               Common Stock  Retained Earnings   Total

At Beginning of the year :

Balances                                      $11,000                 $6,900       $17,900

During the Year :

Net Income                                      -                         $7,200        $7,200

Dividend                                          -                         ($1,900)       ($1,900)

Issue of Common Stock             $6,700                       -              $6,700

At End of the Year :

Balances                                    $17,700               $12,200       $29,900

Explanation:

Stockholders' equity represents all items that are attributable to the owners of the company.

The statement of stockholders' equity at the end of the year December 31 has been prepared above according to IAS 1.

if there was a shirt that looks identical but came out in two different seasons how do you explain the price difference to the customer even though they look the same but from two different seasons?

Answers

There may be a higher demand for a long sleeve shirt in winter or fall rather than summer or spring. It’s all about economics.

Hope this helps!

(If you have any questions about how I got my answer, feel free to ask in the comments. Also, if you found my answer helpful please consider awarding me brainliest, Thanks!!)

f a business wants to sell a product or service on the Internet for the first time, the __________ would need to understand the wide-ranging risks involved as well as the organization's security capability. A. executive committee B. operational risk committee C. compliance committee D. security committee

Answers

Answer:

b

Explanation:

The operational risk committee has the responsibility of maintaining and overseeing the operational risk of an organisation. They are to identify possible operational risks of all the activities of a company and take steps to mitigate and manage such risks

The functions of The operational risk committee includes :

Identify possible risksEvaluate the risks Develop and implement strategies needed to manage the riskEvaluate the risk and strategize implemented regularly

A negotiable CD is a: a short-term unsecured promissory note issued by a company to raise funds for a short time period. b loan to an individual or business to purchase a home, land, or other real property. c short-term fund transferred between financial institutions usually for no more than one day. d marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.

Answers

Answer:

d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.

Explanation:

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.

This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.

Which will you likely have to provide on college applications?
A. Personal information
B. Career plans
C. Employment history
D. Parent's level of education

Answers

personal information :)

who benefits from a loan?
A - only the person who is given the loan by a bank?
B - only the bank who gives the loan to a person
C - both the person who gets the loan and the bank that loans the money
D - no one benefits when a loan is given out

Answers

Answer:

C

Explanation:

The person gets money to spend, then over time the bank will earn that money back from the same person. So I'd say both benefit.

Which money market security is defined as short-term funds transferred between financial institutions, often for no more than one day

Answers

Answer: Federal Funds

Explanation:

The Fed requires that some financial institutions keep a certain proportion of their deposits with the Fed called a reserve requirement. Sometimes, on a daily basis, some financial institutions may not be able to meet up with this requirement whilst other exceed it.

When this happens, those with the excess can return lend those who don't have enough. This is called Federal funds and usually lasts for no more than one day.

Shared development of innovations among several departments is emphasized by the _____ approach to innovation

Answers

Answer:

horizontal linkage

Explanation:

In a value chain horizontal linkages involve cooperation among different departments aimed at building interdependence, trust, and resource pooling in order to achieve a set goal.

It is made up of relationships between people or department that are equal in an organisation.

Shared development innovations are more easily implemented by using the horizontal linkage model. Participants are more willing to express themselves freely and work collaboratively to achieve set goals.

For purposes of computing the weighted average number of shares outstanding during the year, a transaction that must be treated as if it occurred at the beginning of the year is:

Answers

Answer:

The answer is option d. 367,500.

Determine the weighted-average number of shares outstanding as of December 31, 2018.

To determine the financial condition of an existing business, it is necessary to compare ______ with ______ to identify where costs can be reduced or more money is needed.

Answers

Answer:

operating ratios; industry averages

Explanation:

On June 30, 2014, Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31, 2014,for Apricot would include:

Answers

Answer:

A debit to Management Services Expense for $1,250

Explanation:

The adjusting entry should be

Management Services Expense Dr ($5,000 ÷ 2 × 6 ÷12) $1,250

         To Cash $1,250

(being cash paid is recorded)

Here cash is debited as it increased the expense and cash is credited as it decreased the assets

Hence, the same should be considered

4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.
PLEASE TELL A
B
C
D​

Answers

The answer is house hold

A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely to happen

Answers

Answer:

Sellers will bear more of the tax burden.

Explanation:


To avoid financial worry, keep the cost of housing (including mortgage, interest, insurance, and property taxes ) below_______of pre tax income.

A. 05%
B. 28%
C. 50%
D. 15%

Answers

pretty sure it’s D.

All the housing costs which include (mortgage, interest, insurance, and property taxes) should be below 28 percent of pre-tax income to avoid financial stress.

What is the 28% rule?

The 28 percent rule states that your house payment, including property taxes and insurance, should not exceed that percentage of your monthly gross income.

This is also known as a decent general guideline for mortgage payments or a safe mortgage-to-income ratio.

Therefore, Option B. 28% is the correct answer.

To learn more about the 28% rule, refer to the link:

https://brainly.com/question/26173267

In an examination evaluation expert system, the _____ component of the expert system is responsible for stating why a loan applicant was approved or rejected.

Answers

Answer:

The missing phrase is Explanation Facility.

Complete Sentence:

In an examination evaluation expert system, the Explanation Facility component of the expert system is responsible for stating why a loan application was approved or rejected.

Explanation:    

An expert system is a computer system program that can do the job of a human expert whose role is to give professional opinions, judgments, or advice regarding an issue. These systems are associated with Artificial Intelligence.

In other to create this kind of system (which has the capacity to solve complex problems) AI programmers use a collection of knowledge stored or codified in if-then formats or rules

In expert systems, an explanation facility is a function that allows non-artificial users to query the veracity of the system's reasoning. Usually, the system would make reference to its frame of logical construct, its rules, and or goals.

Cheers

__________ is a control mechanism in which organizations make sure that the right people do the right things at the right time.

Answers

The hierarchy of authority is a control mechanism in which organizations ensure that the right people do things at the right time.

What the organizational structure?

It is the set of components that make up the organizational whole, making its structure and systems aligned with its central objective. The structure is composed of three factors:

ComplexityFormalizationCentralization

Therefore, the hierarchy of authority is a part of the centralized organizational structure that will ensure that processes run correctly.

Find out more about organizational structure here:

https://brainly.com/question/2636977

#SPJ1

While some property owners choose to perform both the property and asset manager functions themselves, many commercial property owners choose to employ professional property managers instead. The property manager works under a management contract in which the manager is empowered to serve as the owner's fiduciary. This type of relationship is more commonly referred to as a(n)

Answers

Answer:

agency relationship.

Explanation:

An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.

Hence, the type of relationship in this scenario is more commonly referred to as an agency relationship.

In an agency relationship, a commercial property owner may choose to employ a professional property manager who is saddled with the responsibility of serving as his or her (owner) fiduciary under a management contract.

Select the correct answer.

Shazia writes a novel about the lives of nomads who lived in the 1800s. She later finds out that a big production house has launched a movie based on a theme that Shazias’ book covers, including a few exact details. The production house didn’t check with Shazia for her consent. Which IPR right has the production house violated?

A.

trademark

B.

copyright

C.

patent

D.

trade secret

E.

goodwill

Answers

Copyright. Copyrights protect all creative material, including the material in which Shazia created.

If the balance of the cash account is $80,800 at the end of the month, what was the cash balance at the beginning of the month

Answers

Answer:

$38,900

Explanation:

Missing word "During the month, Warwick co, received $332,800 in cash and paid out $280,900 in cash"

Particulars                                Amount

Cash balance at month end   $80,800

Add: Cash paid out                 $280,900

Less: Cash received               $322,800

Beginning cash balance       $38,900

Name two things other than the 5 C’s that can affect pricing

Answers

Name two things other than the 5 c’s that can affect pricing?

Q. Compared with other investment asset classes, an investment in real estate is least likely to be characterized by:

Answers

Answer:

i really dont know/////////////////////////////////////////////////

Explanation:

4. Does inflation cause a change in demand? Explain the role of inflation in determining demand.

Answers

Answer:

Inflation is an increase in the general price level in an economy. It is probably caused by the relative increase in the amount of money in relation to the available economic production. If the social money supply increases and the country's production is not matched, the average price level will rise due to the increased demand for goods. Due to the price increases, the value of money, the purchasing power of money, decreases. You can buy less for the same amount, thus lowering demand.

Using a broader measure of the unemployment rate where discouraged workers and part-time workers who wished to work full time were counted as unemployed, the BLS estimates the unemployment rate in April 2017 would have ________ compared to the measured unemployment rate.

Answers

Answer: C)  almost doubled

Explanation:

The unemployment rate does not include those who were so discouraged from looking for work that they stopped and those who work part-time jobs even though they don't get much pay.

The Bureau of Labor Statistics estimated that in April 2017, if these two groups of people had in fact being included in unemployment statistics, the rate would have almost doubled. This shows that too many people were either not working in the U.S. at that time or they were not working fully.

an artist brought a breach of contract claim against a museum...what effects will the dismissal order have

Answers

Answer:

The artist will not be able to refile or restart the same claim again.

Explanation:

The breach in a contract means when one of the party who have entered into an agreement fails to perform or deliver according to the contract terms made in the agreement.

In the context, the dismissal is be able to operate as the adjudication on its merits which [tex]\text{precludes the artist from re-asserting the same claim}[/tex] in some newly filed action. This involuntary dismissal are also prejudice, so that artist will not be able to re-start the same claim in a newly filed action.

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