Answer:
a. Other Comprehensive income for 2020 = Unrealized holding loss = -$10.9 million
b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,245.7 million -$10.9 million = $1,234.8 million
c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $57.2 million - $10.9 million = $46.3 million
Answer:
a. Issuance of note:
Date Account title Debit Credit
XX-XX Accounts Payable $84,000
Notes Payable $84,000
b. The payment of the note at maturity, including interest. Assume a 360-day year.
Interest payment = 84,000 * 5% * 120/360
= $1,400
Date Account title Debit Credit
XX-XX Note Payable $84,000
Interest payable $1,400
Cash $85,400
Answer:
The correct answer is letter "D": if all else fails, slow the spread of bad practice.
Explanation:
Evidence-based management is a critically thought-provoking approach to decision making. This practice has the following principles: treat your organization as an unfinished prototype; <em>no brag, just facts; see yourself and your organization as outsiders do; evidence‐based management is not just for senior executives; like everything else, you still need to sell evidenced‐based management; if all else fails, slow the spread of bad practices; and questioning what happens when people fail?
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In front of a problematic situation, the "if all else fails, slow the spread of bad practices" is used when the consequence of an action is likely to be negative, but usually represents an order in the relationship of a principal-agent. The agent then carries out the necessary procedure as slowly as possible to prevent an unexpected reaction.
Answer:
Explanation:
Firms still choose to go for an IPO for the following reasons;
1. Majorly, it is a means of generating revenue. Revenue is generated when stocks are sold to the public.
2. It is also a means of reducing risk, The cost of running the business is spread across many investors, so is the risk.
3. There is reduction of the overall cost of capital and gives the company a more solid standing when negotiating interest rates with banks.
4. Companies can easily offer up stocks instead of cash in the acquisition of other companies or in the case of mergers.
5. Having stocks listed on NSE is a means of public exposure
Investors choose to buy stocks of IPO firms because the initial offering is usually at a low rate since the firm is still small and relatively unknown. This stocks bought at a cheap rates have the chance of rising thus generating gains for the investors.
Answer: The correct answer is "stop-buy order with a specified purchase price of $55 per share.".
Explanation: An investor sold a stock short a year ago for $50 per share. The stock's price is currently $52 per share. If the investor is unwilling to accept a loss of more than $5 per share on the short sale transaction, she could place a <u>stop-buy order with a specified purchase price of $55 per share.</u>
<u>In this way there would be a difference of $ 5 between $ 50 and the specific purchase price of $ 55 and placing a stop-buy order on that price per share so as not to lose more than $ 5 per share.</u>
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