John bought 1,000 shares of Intel stock on October 18, 2006 for $30 per share plus a $750 commission he paid to his broker. On December 12, 2009, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction. a. What is John’s adjusted basis in the 1,000 shares of Intel stock?
b. What amount does John realize when he sells the 1,000 shares?
c. What is the gain/loss for John on the sale of his Intel stock? What is the character of the gain/loss?

Grace period is a period of time before the credit card company starts charging late fees. truefalse

25. kerry company plans to sell 200,000 units of finished product in july and anticipates a growth rate in sales of 5% per month. the desired monthly ending inventory in units of finished product is 80% of the next month's estimated sales. there are 150,000 finished units in inventory on june 30. kerry company's production requirement in units of finished product for the three-month period ending september 30 is: a. 712,025 units b. 630,500 units c. 664,000 units d. 665,720 units

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)