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Mandarinka [93]
3 years ago
13

S&L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2018, S&L pu

rchased Coca-Cola bonds at par for $715,000 and sold the bonds on January 3, 2019, for $717,500. At December 31, the bonds had a fair value of $713,500. When it purchased the Coca-Cola bonds, S&L Financial decided to elect the fair value option for this investment. What pretax amounts did S&L include in its 2018 and 2019 net income as a result of this investment (ignoring interest)?
Business
1 answer:
nikdorinn [45]3 years ago
6 0

Answer:

2018 loss for 1,500

2019 gain for 4,000

Explanation:

purchase at 715,000

December 31th 713,500

adjusting entry december 31th

loss on investment          1,500 debit

    marketable securities                     1,500 credit

january 3rd, 2019

cash                                717,500 debit

     gain on investemnt                       4,000 credit

     martetable securities                 713,500 credit

to record gain on investment

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Purchasing power parity does not hold in the short to medium run because:____.
maria [59]

Answer:

some goods aren't internationally traded

Explanation:

Purchasing power parity is most popularly known as the PPP. It may be defined as the measure of the prices of the various countries which makes use of the price of some specific goods in order to compare the absolute purchasing capability or power for the countries' currencies.

It is used to measure and compare prices at different locations.

The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.

8 0
3 years ago
The __________ provides most public goods. A. government B. free-rider C. third party D. private sector
AlexFokin [52]

I believe the best choice for this answer is "A. goverment"!

It is the government's job to provide for the people and that includes public goods.

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3 years ago
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Explanation:

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3 years ago
In the Month of March, Chester received orders of 125 units at a price of $15.00 for their product Clack. Chester uses the accru
Semmy [17]

Answer:

$0

Explanation:

Given that

Number of orders received = 125 units

Price for their product = $15

Number of units delivered = 125 units

Payment received in march in units = 63 units

Payment received in April in units = 63 units

Based on the above information, the revenue recognized on the march income statement is $0 as all units are delivered on April month so no revenue is recognized

6 0
3 years ago
Yvonne knows her firm must look at everything it does from a consumer's point of view. one major difficulty is that consumers' _
Sladkaya [172]

Yvonne knows her firm must look at everything it does from a consumer's point of view. one major difficulty is that consumers' needs , wants and ability to purchase change(s) over time.

A person will look for and purchase a good or service because of their necessities. The necessity is what motivates the decision to buy. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services which satisfies the consumer needs.

The majority of business concepts are born when an entrepreneur recognises a demand for a good or service. An entrepreneur or small business must take into account four primary customer needs. Price, quality, choice, and convenience top the list.

Learn more about consumer needs

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