Answer: B.Unrealized Increase in Value of Available-for-Sale Securities Equity of $7,500
Explanation:
Walker acquired the 500 shares at a price of $30 in 2012. At the end of 2012 however, the shares were worth $22.50.
At the end of 2013, it is stated that the shares are now worth $37.50 meaning they increased in value.
The value of the increase is therefore the difference between the most recent previous price and the new price,
= 500 shares * ( 37.50 - 22.50)
= $7,500
Available for Sale Securities Account should therefore see an increase of $7,500 because of the increase in price from the end of 2012 to the end of 2013.
It is worthy of note that at the end of 2012, the account decreased by the difference between the purchase price of $30 and the end of 2012 price of $22.50. This is why at the end of 2013, the price used as the previous price was $22.50.
Answer:
The correct answer is letter "B": Inside sales.
Explanation:
When sales are performed due to calls placed by representatives who reached customers by phone it is called inside sales. Over the phone, sales representatives are proactive employees who contact potential consumers. This type of sale is not only limited to the phone since it could be carried out through e-mails, though it is not very common.
Answer:
Cullumber Company depreciation for the year 2022 = $2,375
Journal Entry for 2022
Dr Cr
Depreciation expenses $2,375
Accumulated Depreciation $2,375
Explanation:
annual depreciation on straight line = <u> Cost - slavage value</u>
life span
= ( $48,000 - $10,000)/ 8
= $38,000/8 = $4,750
but the company purchase the asset on July 1 , therefore half year depreciation will be charged = ( 6 * $4,750) / 12 = $2,375
Answer:
amount that company record the land is $84,300
Explanation:
given data
Purchase land cost = $75,000
Commissions = $4,500
insurance = $800
property taxes = $5,000
back taxes paid = $4,000
due tax due for the current year = $1000
to find out
what amount should the company record the land
solution
we know that here Property taxes for current period will be charges as expense not to be capitalized
so that amount company record the land is here express as
amount record = Purchase cost + commission + property taxes + insurance ...........................1
put here value we get
amount record = $75,000 + $4,500 + $4,000 + $800
amount record = $84,300
so amount that company record the land is $84,300
Answer:
c. 9.32%
Explanation:
The computation of the yield or return on the preferred stock is shown below:
= (Annual dividend rate × par value ) ÷ current stock price
= (6.20% × $ 85 ) ÷ $56.50
= 9.32%
Hence, the yield or return on the preferred stock is %
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
