Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - In 20XX the stock market crashed and decreased in value by 47%. Jose and John each had $500,000 in a mutual fund that was now worth $265,000. Jose sold the mutual fund for $265,000 obtaining a taxable loss of $235,000. He took his $265,000 and invested in another fund that had also gone down 47%. His friend John told Jose he was crazy, pouring good money after bad. John pulled out his money and put it in the bank to earn 2% interest.
In three years' time the market had gone back up. Jose's new fund was now worth $500,000. When the fund spun off taxable capital gains, Jose didn't have to pay tax on the capital gains because he had $235,000 in taxable losses to deduct again the gains. He could also deduct $3000 per year against his dividends to reduce the tax he had to pay on the dividends.
A) How much money do you think John had?
B) If you know you are going to need your money for college tuition or a down payment for a house within the next couple of years, should you put it in the bank or invest in stocks?
Prepare the adjusting entry to record the accrual. Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2016.
This year Amy purchased $4,200 of equipment for use in her business. However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business. After the accident, Amy repaired the equipment for $1,020. What amou..
The Montgomery Company provided the following information on intangible assets: Prepare the entries required to reflect the above information for 2011 through 2013, including year-end adjusting entries to record amortization.
Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs. at $22.50 Standard: 8,400 hrs. at $23.00 a. Determine the direct labor rate variance, direct labor time variance, and tota..
Sketch a graph showing how these friends' portfolios are positioned along the capital market line
Correction of wrongly stated balance sheet and Correct the following balance sheet
What was the net increase or decrease in cash flow from having purchased the foreign currency option to hedge this exposure to foreign exchange risk?
What are the advantages of the affinity group model of organization. What are the disadvantages
What do credit terms 3/20, n/60 mean? How have point-of-sale terminals improved the ability of mass merchandisers to use a perpetual inventory system
Brodigan Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment $450,000 Net annual operating cash inflow $220,000 Tax rate 30% After-tax discount rate 12% The expected life of the ..
During the current year, the Harlow Corporation , which specializes in commercial construction, has the following property transactions: A. In April, a tornado damages a crane and a dump truck at one of it construction sites. Determine the realized a..
Compute the present value of $4800 paid in two years using the following discount rates: 8 percent in the first year and 7 percent in the second year.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd