Wayne purchased 10 autographed Eli Manning football cards when he was 15 years old for a total cost of $50 and then sold those football cards 4 years later for $800. Due to these transactions
A. Wayne earned a dividend of $800.
B. Wayne earned a dividend of $750.
C. Wayne earned a capital gain of $750.
D. Wayne earned a capital gain of $800.
Answer: C
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The market price for Chinese televisions recently changed from $200 per television set to $150 . _____, will benefit the most from this change in price
a. Lee Gadgets Co., a retail shop that sells Chinese televisions to consumers b. Wayne Inc., a manufacturer of Chinese televisions c. Harry, a consumer who buys a Chinese television set d. Light Inc., a wholesaler who sells Chinese televisions to retailers
Given the following figures, by approximately what percentage did Michael's real income increase between 2008 and 2009? Michael's 2008 money income = $60,000 Michael's 2009 money income = $72,000 2008 CPI = 120.0 2009 CPI = 128.0
a. zero b. 6.7 percent c. 12.5 percent d. 20 percent
Which of the following productive resources is considered 'fundamentally different' from other resources with respect to supply and diminishing returns?
A. technology. B. land. C. labor. D. physical capital.
The expenditure approach measures GDP by adding the spending of households, businesses, government, and foreigners
a. True b. False Indicate whether the statement is true or false