What is gain loss for John on the sale of his Intel stock

Assignment Help Accounting Basics
Reference no: EM132550375

Question - John bought 1,850 shares of Intel stock on October 18, 2015, for $47 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $68.00 per share. He also incurs a $1,000 fee for this transaction.

What is the gain/loss for John on the sale of his Intel stock?

Reference no: EM132550375

Questions Cloud

What amount does John realize : On December 12, 2019, he sells the shares for $68.00 per share. What amount does John realize when he sells the 1,850 shares
How is the inventory described : Your SEC 10-K company should have accounts receivable and inventory, How is the inventory described? Who owes money to your SEC 10-K company?
Analyse the impact of the accomodating monetary policy : Analyse the impact of the accomodating monetary policy on output in the economy, holding all other variables constant, with the aid of the open economy
Entrepreneurial venture specializing in glam-studded clothes : Glamajama is an entrepreneurial venture specializing in glam-studded clothes for babies, toddlers, and women
What is gain loss for John on the sale of his Intel stock : John bought 1,850 shares of Intel stock on October 18, 2015, What is gain loss for John on the sale of his Intel stock
Exposure of human beings to radiation : Investigate and explain to which work equipment and household appliances humans are exposed to and what damage they can cause.
What is the amount of the porters investment interest : Mickey and Jenny Porter file a joint tax return, and they itemize deductions. What is the amount of the Porters' investment interest expense deduction for year
Make direct materials purchases budget for e-lan electronics : Prepare an direct materials purchases budget for E-Lan Electronics.Prepare an manufacturing overhead budget for E-Lan Electronics
Germs and germs in physical properties : You may discuss the difference between Germs and germs in physical properties and chemical properties.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd