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murzikaleks [220]
3 years ago
11

Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-en

d cost and fair values for its portfolio of debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X2 is:
Business
1 answer:
Rzqust [24]3 years ago
7 0

Answer:

Dr Available for sale securities 11,500

    Cr Unrealized gains - AFS securities 11,500

Explanation:

The securities cost is $420,000 while the fair market value is $431,500, so the difference is an unrealized gain of = $431,500 - $420,000 = $11,500.

Unrealized gains are included in Other comprehensive income account, which belongs under stockholder equity. When unrealized gains increase, then they should be credited.

Since the securities are held as investment assets, they should also increase by debiting the account.

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Which of the following is an example of an unsought good? A. Cameron purchases a new bike. B. Jordan buys paper towels. C. Taylo
NikAS [45]

Answer:

D. Riley buys new windshield wipers for her car.

Explanation:

By definition unsought goods are those which are not purchased out of want or desire, but the purchases of which arise due to any of the following circumstances:

  • danger - for example a fire extinguishers sought in the incident of a fire
  • fear - for example the fear of crashing into another car (in this case)
  • unexpected events - for example funeral services sought at the time of death

4 0
3 years ago
Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creat
kramer

Answer:

Strategic level

Explanation:

Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company.  The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.

5 0
3 years ago
Which of the following is the most important consideration when planning your budget
timurjin [86]
Do you have any like answer choices ?
6 0
3 years ago
Read 2 more answers
Beverage firms sometimes hire attractive young people to sit at fashionable bars, sipping the company's latest product offering.
Hatshy [7]

Answer: D. Reference group

Explanation: A reference group is usually used to make comparison. Generally, reference group could be an individual or a group of people which are used as a basis or standard for evaluating or comparing the behavior another individual or group. Individuals or groups being compared may to to emulate the belief, norms or attitude of the reference group.

Beverage companies employ attractive young ladies 'models' to serve as reference groups so that visitors will tend to be attracted or emulate their behavior or action so as to boost sales and increase revenue.

8 0
3 years ago
The variance of returns of Asset A is 625. The variance of returns of Asset B is 1,225. The covariance of returns between Asset
kodGreya [7K]

Answer:

The correlation of returns between Asset A and Asset B is closest to 0.685714

or 68.57%

Explanation:

The formula to find the correlation of an asset is

Correlation of AB = Co variance AB/Standard deviation A * Standard deviation B

Co variance AB =600

Standard deviation of A= (625)^0.5=25

Standard deviation of B = (1,225)^0.5=35

Put these values in the formula

600/(25*35)=0.685714

8 0
3 years ago
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