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miv72 [106K]
2 years ago
15

giannis corporation purchases debt investments as trading securities at a cost of $150,000 on december 1. this is its first and

only purchase of such securities. on january 5, giannis corporation decides to sell a portion of its trading securities (costing $9,000) for $10,000 cash. the journal entry to record this sale would include a:
Business
1 answer:
trasher [3.6K]2 years ago
3 0

In a condition given above where the Giannis Corporation sells a proportion of its trading securities, costing $9,000, for an amount of $10,000, the journal entry of the transaction would include a gain of $1,000. Therefore, the option C holds true.

<h3>What is the significance of gains?</h3>

The gains of a business organization can be referred to or considered as the surpluses earned by a company from the extraordinary and indirect operations, which are unrelated to its normal business activities. Any such gains are recorded under ''Other Revenues'' Accounts of the firm.

Therefore, the option C holds true and states regarding the significance of gains.

Learn more about gains here:

brainly.com/question/23542346

#SPJ4

The question seems to be incomplete. It has been added below.

Giannis corporation purchases debt investments as trading securities at a cost of $150,000 on December 1. This is its first and only purchase of such securities. On January 5, Giannis corporation decides to sell a portion of its trading securities (costing $9,000) for $10,000 cash. The journal entry to record this sale would include a:

A. Loss of $10,000

B. Gain of $10,000

C. Gain of $1,000

D. Gain of $9,000

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A company has a minimum required rate of return of 8% and is considering investing in a project that costs $175,000 and is expec
Daniel [21]

Answer: $5,396.79

Explanation:

The net present value is value of the after tax cash flows from an investment minus the value of the amount invested.

The net present value can be found using a financial calculator.

Cash flow for year zero = $-175,000

Cash flow for each year from year 1 to year 3 = 70,000

I = 8%

NPV =$5,396.79

I hope my answer helps you

5 0
3 years ago
Una empresa con fecha 01/05 tiene unas existencias iniciales de 100 unidas de productos a un precio de 5€/ud. Realiza una compra
laila [671]

Answer:

FIFO 480 euros

LIFO 400 euros

PMP 460 euros

Explanation:

Unidades disponibles:

100 existencia inicial

300 compra

FIFO

Primero se venden las unidades de existencia inicial y luego las de la compra:

100 existencia inicial y 220 de la compra.

Inventario final: 80 unidades a 6 euros cada una = 480 euros

LIFO se vende primero la compra:

300 de compra y 20 de existencia inicial

Inventario final 80 unidades a 5 euros cada una = 400 euros

Costo Promedio Ponderado:

100 unidades a 5 + 300 a 6 = 500 + 1800 = 2300 euros

400 unidades costaron 2300 euros

en promedio: 2300 / 400 = 5.75

inventario final 80 unidades a 5.75 = 460 euros

5 0
3 years ago
What are the steps in conducting a market research?
Tpy6a [65]

Answer:

<h2>The marketing research process involves six steps:</h2><h3>1: problem definition, 2: development of an approach to the problem, 3: research design formulation, 4: data collection, 5: data preparation and analysis, and 6: report preparation and presentation.</h3>

Explanation:

Hope it helps!

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4 0
3 years ago
You can buy property today for $2.9 million and sell it in 5 years for $3.9 million. (You earn no rental income on the property.
nignag [31]

Answer:

a)  $2, 654,000 or approximately $2.654 million

b) The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

Explanation:

The A part of the questions is to determine the present value of property

Information given

Future value = $3.9 million

Interest rate = 8%

The period = 5 years

The present value formula = Future value / (1+r)∧n

= $3,900,000 / 1.08∧5

= 2,654,274.46843163

= $2, 654,000 or approximately $2.654 million

b) Is the property attractive...

The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) Compute a new present value based on cash flow of $190,000

The present value

= 190,000/ 1.08∧1 + 190,000/ 1.08∧3 + 190,000/ 1.08∧3 + 190,000/ 1.08∧4 +190,000/ 1.08∧5 + 3,900,000/ 1.08∧5

= 175,929.93 + 162,894.38 +   150,828.13 + 139,655.67 +  129,310.81 + 2,654,274.47= 3,412,889.38

= $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

3 0
3 years ago
Redistricting is
seropon [69]

Answer:

The correct answer is the option C: The drawing of district boundary lines for political advantage.

Explanation:

To begin with, the term known as "Redistricting" in the field of law refers exclusively to the process of drawing boundary lines regarding the different districts in the United States of America with the purpose of increasing the political advantage so that the people can understand better the system and who their representatives are in the district differenciated. With this method it is more possible for the citizens to increase their knowledge about the members they are voting for and therefore to choose wisely.

6 0
2 years ago
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