Resources include: Personnel, Supplies, Equipment, and ______________

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 202

denis-greek [22]

Answer:

A. 1-Jan-21

Dr Investment in Bond Dr $80.00

Cr To Cash $66.00

Cr To Discount on bond investment $14.00

B.30-Jun-21

Dr Cash $3.20

Dr Discount on bond investment $0.10

Cr To Interest revenue $3.30

C. 31-Dec-21

Dr Cash $3.20

Dr Discount on bond investment Dr $0.11

Cr To Interest revenue $3.31

D. $70 million Due to the change in market conditions

E. CASH FLOW FROM OPERATING ACTIVITIES:

Interest received $7.40 INFLOW

CASH FLOW FROM INVESTING ACTIVITIES:

Cash paid for purchase of investment -$66.00 OUTFLOW

Explanation:

a. Preparation of the journal entry to record Fuzzy Monkey's investment on January 1, 2021.

1-Jan-21

Dr Investment in Bond Dr $80.00

Cr To Cash $66.00

Cr To Discount on bond investment $14.00

(80-66)

(Being to record investment in bond )

b. Preparation of the journal entry by Fuzzy Monkey to record interest on June 30, 2021 (at the effective rate).

30-Jun-21

Dr Cash $3.20

($80 *8% * 6/12)

Dr Discount on bond investment $0.10

($3.30-$3.20)

Cr To Interest revenue $3.30

($66*10%*6/12)

(Being to record revenue recognition for bond interest and discount amortized)

c. Preparation of the journal entries by Fuzzy Monkey to record interest on December 31, 2021 (at the effective rate)

31-Dec-21

Dr Cash $3.20

($80 *8% * 6/12)

Dr Discount on bond investment Dr $0.11

($3.31- $3.20)

Cr To Interest revenue $3.31

[ $66+.1*(10%*6/12) ]

(Being to record revenue recognition for bond interest and discount amortized)

d. Based on the information given Fuzzy monkey will report its investment on December 31, 2021 balance sheet at fair value of the amount of $70 million reason been that we were told that because of the change in the market conditions, the fair value of the bonds at December 31, 2021, was the amount of $70 million.

e. Calculation for How would Fuzzy Monkey's 2021 statement of cash flows be affected by this investment

STATEMENT OF CASH FLOW (PARTIAL)

For 2021

CASH FLOW FROM OPERATING ACTIVITIES:

Interest received $7.40 INFLOW

($3.20+$3.20)

CASH FLOW FROM INVESTING ACTIVITIES:

Cash paid for purchase of investment -$66.00 OUTFLOW

3 0

3 years ago

Whether the print ad will be a half-page or a full-page and what page the ad will be located on in the publication are all decis

Elis [28]

What page the ad will be located on in the publication are all decisions involving the PR and the Editorial boards.

Explanation:

The positioning of advertisements on a publication is something that is usually pre decided by the firm for the spots according to the preferences they give to certain clients during an ad cycle and in special cases, they make amends to these policies.

These policies are drawn up by the PR team in accordance with the Editorial team to make sure to have proper and required space to run ads to the maximum profit of all the beneficiaries and to give attractive spots to lure more cosponsors.

7 0

3 years ago

Consider the following information for Maynor Company, which uses a periodic inventory system:

ohaa [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

January 1 Beginning Inventory 29 $79 $2,291

March 28 Purchase 39 $85 3,315

August 22 Purchase 58 $89 5,162

October 14 Purchase 63 $95 5,985

The company sold 63 units on May 1 and 58 units on October 28.

First, we need to calculate the units in ending inventory:

Ending inventory in units= 189 - 121= 68

To calculate the ending inventory under the FIFO (first-in, first-out) method, we need to use the cost of the last units incorporated into inventory.

Ending inventory= 63*95 + 5*89= $6,430

COGS= 29*79 + 39*85 + 53*89= $10,323

To calculate the ending inventory under the LIFO (last-in, first-out) method, we need to use the cost of the first units incorporated into the inventory

Ending inventory= 29*79 + 39*85= $5,606

COGS= 63*95 + 58*89= $11,147

Finally, to calculate the ending inventory using the weighted-average, we need to calculate the weighted average price:

weighted average price= 16,753/189= $88.64

Ending inventory= 68*88.64= $6,027.52

COGS= 121*88.64= $10,725.44

8 0

3 years ago

Tom goes to purchase a baseball. Although there are many attractive choices, a particular brand states on its package that it is

Brums [2.3K]

This brand is using the user category approach to positioning.

To add, this positioning approach highlights the user (the ideal or representative target consumer) and suggests that the product is the ideal solution for that type of person and may even contribute to their social self-identity.

3 0

3 years ago

Read 2 more answers

Performance execution is linked to _____________ and _____________.

4vir4ik [10]

Performance planning; performance assessment

4 0

3 years ago

Resources include: Personnel, Supplies, Equipment, and _______________. Select the missing item from below: