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Juli2301 [7.4K]
3 years ago
11

Harry Putts Productions held investments in equity securities​ (in Ellie ​Company) with a fair value of $ 60 comma 000 at Decemb

er​ 31, 2018. These investments cost Harry Putts Productions $ 57 comma 000 on January​ 1, 2018. What is the appropriate amount for Harry Putts Productions to report for these investments on the December​ 31, 2018​, balance​ sheet? (Assume that Harry Putts has insignificant influence over Ellie ​Company.).
Business
1 answer:
makkiz [27]3 years ago
6 0

Answer:

The appropriate amount for Harry Putts Productions to report for these investments on the December​ 31, 2018​, balance​ sheet is $60,000

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The investment should be recorded in the balance sheet at the fair value instead of the market value. So, the $60,000 would be reported in the balance sheet ,not the $57,000 as it is the cost value of the investment.

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Answer:

b. short-run ups and downs of the economy.

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Cyclical unemployment is a form of employment that occurs as a result of fluctuations in the economy.

When there's a downturn in the economy, unemployment increases and It falls when there's a boom.

I hope my answer helps you

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3 years ago
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1 year ago
Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a
zloy xaker [14]

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Explanation:

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8 0
3 years ago
Bates Company plans to add a new item to its line of consumer product offerings. Two possible products are under consideration.
ivolga24 [154]

Answer:

differential revenue = $7

so correct option is a.$7

Explanation:

given data

Product A costs = $6

contribution margin = $3

Product B costs = $12

contribution margin = $4

to find out

the differential revenue for this decision

solution

we get here the differential revenue for this decision that is express

so first we get here selling price for both product that is

selling price product A = Product A costs + contribution margin

selling price product A  = $6 + $3 = $9

and

selling price product B   = $12 + $4 = $16

so now we get differential revenue that is

differential revenue = selling price product B - selling price product A

differential revenue = $16 - $9

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so correct option is a.$7

4 0
3 years ago
You need a 35-year, fixed-rate mortgage to buy a new home for $295,000. Your mortgage bank will lend you the money at an APR of
Anika [276]

Answer:

$434,780.69

Explanation:

The computation of the large the ballon payment would be is determined by using the future value formula i.e. to be shown in the attachment

Provided that

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NPER = 35 years × 12 months = 420 months

PMT = $1,350

The formula is shown below:

= -FV(Rate;NPER;PMT;-PV;type)

So, after applying the above formula, the future value is $434,780.69

8 0
3 years ago
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