Answer:
Dr. Cr.
December 31
*Securities FV adjustment $6,000
Unrealized Gain $6,000
January 3
Cash $4,000
Securities FV adjustment $1,000
Trading Securities $3,000
* Securities FV adjustment is a sub asset account of trading securities.
Explanation:
Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.
Dec 27, Purchase price = $66,000
Dec 31, Fair value = $72,000
Unrealized gain = $72,000 - $66,000 = $6,000
Answer:
The carpenter earned an extra $100.
Explanation:
Since this problem deals with a one-year loan with an yearly interest rate, it can be treated as a simple interest problem. For simple interests, the final value (Vf) can be found by multiplying the initial value (Vi) by one plus the interest rate (i) as shown below:
To find how much extra money the carpenter made in the first year, one should subtract the final value of loan from the $2,000 dollars down payment plus the extra $400 he collected for the year
.
Therefore, the carpenter earned an extra $100.
Spending plans are divided into three categories with roughly 50 % of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to 20 % .
<h3>What is the 50-30-20
budget method?</h3>
The 50-30-20 approach that is often used in budgeting is known to be one one the of the simplest and very straight way in the aspect of money management options.
Note that this ideal is often made for those who need to form a budget but they are said to not possess the time or the patience to be able to keep track of their spending in a well detailed manner.
The ways is that one need to spend 50 percent of their after-tax pay on needs, 30 percent in regards to wants, and the last 20 percent in regards to savings or paying off any kind of debts.
Hence, Spending plans are divided into three categories with roughly 50 % of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to 20 % .
Learn more about budget method from
brainly.com/question/13964173
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Answer:
C. $16,000
Explanation:
Beginning cash balance
$33,000
Add cash receipt
$182,000
Less cash disbursement
($191,000)
Ending cash balance
$24,000
Desired ending cash balance
$40,000
Borrowing ($40,000 - $24,000)
$16,000
Therefore, the company needs to borrow $16,000 to attain its desired ending cash balance for March.
