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3 years ago

Storm, Inc. purchased the following available-for-sale securities during 2016, its first year of operations:

Business

1 answer:

prisoha [69]3 years ago

5 0

Answer:

As per accounting standards available-for-sale securities are recorded at fair value through profit and loss account or other comprehensive income. We assume that company choose to record it at fair value through profit and loss account.

The answer of each requirement is given below.

a. Provide the journal entry to adjust the available-for-sale security portfolio to fair value on December 31, 2016

Loss on valuation $ 4,250

Investment Cost $ 4,250

Working

Dust Devil, Inc. = 40 * 1900 = 76,000 - 81,700 = -5,700

Gale Co. = 75 * 850 = 63,750 - 68,000 = -4,250

Whirlwind Co. = 42 * 2850 = 119,700 - 114,000 = 5,700

Profit/ (Loss) = (4,250)

b. Is there any impact of December 31, 2016 journal entry on the income statement

The company income for the year will be reduced by ($ 4,250).

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You are the newly assigned project manager to a major IT upgrade project in your global company. How will you determine the risk

kap26 [50]

Answer:

I have to identify the risk factors in the project and then gauge the willingness of the company to take such risks.

Explanation:

Risk tolerance is the willingness of an organization or an individual to take certain risks. The risk tolerance level of a person or organization can be classified as either high or low. For a project manager who wants to determine the risk tolerances associated with his project, he has to first identify the risk factors, and then try to know the risk level and if indeed this level is acceptable within the organization's culture and standard.

The project manager would do well to plot a graph that would show the probability of a risky action happening or not. A risk tolerance line is now obtained from where the project manager can know if that risk is tolerable by organization standards. The extent of job security would also help in determining the amount of risk a manager can take. However, they are still expected to stay within the standards of the organization.

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3 years ago

If the exchange rate for canadian and u.s. dollars is 0.82777 to 1, this implies that 3 canadian dollars will buy ____ worth of

Delvig [45]

0.82777 Canadian dollars = 1 US dollars
1 Canadian dollar = (0.82777 /1.000) US dollars
3 Canadian dollars = ((0.82777 /1.000) x 3) = $2.48331

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3 years ago

What are 2 characteristics for intellectual property rights? (in Entrepreneurship)

elena-14-01-66 [18.8K]

<h2>Copyright Protection </h2>

A copyright will protect the following categories of works:

literary works

musical works, including any accompanying words

dramatic works, including any accompanying music

pantomimes and choreographic works

pictorial, graphic and sculptural works

motion pictures and other audiovisual works

sound recordings

architectural works

computer programs (sometimes the graphical user interface) and websites

<h2>Patents </h2>

Patents protect processes, methods and inventions that are "novel," "non-obvious" and "useful." If granted, a patent gives you a 20-year monopoly on selling, using, making or importing an invention into the United States.

(These are 2 characteristics of property rights)

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3 years ago

Jenny plans to buy a new swimsuit for her spring break cruise. She has not seen this year's styles and thus will do some compari

liq [111]

Answer:

Jenny is engaging in Limited Decision Making.

Explanation: Limited Decision Making is the process in which a consumer spends time to compare between products and services that they are familiar with, but will need time to come to a reasonable decision that they believe is worth their money.

Sometimes, customers may come across brands that are unfamiliar within a familiar category, they will therefore need to gather information about this brand, and how it compares to the familiar brands that they are used to. This is also Limited Decision Making.

An example is when a consumer finds a new soft drink among familiar soft drinks that he/she is used to.

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2 years ago

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Regardless of which IR model an organization chooses, multiple employees should be in charge of incident response. Select one: T

kari74 [83]

The IR model applies principles that are focused on greater efficiency to the reporting process.

Explanation:

Manufacturer, Distributer, Retailer, Franchise, E-Commerce are some basic business models. Business model is a conceptual structure that describes how an organization fulfill its purpose.

The main purpose of Integrated Report is to explain the providers of financial capital and how organization creates value over time. It provides greater context for performance data and clarifies how data related information fits into the operation or business.

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2 years ago