Carolyn bought 200 shares of stock at $30 per share ($6,000 total). she paid $3,000 in cash and borrowed $3,000 from the brokerage firm. the loan has an annual interest rate of 5 percent. six months later, she sold the stock for $40 per share. carolyn paid a commission of $120 and repaid the loan. what was her net profit?

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.

Explain the relationship between consumers and producers in economic growth and activity