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forsale [732]
3 years ago
7

On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December

31, the cost of the trading securities portfolio is $80,000. The fair value is $100,000. Which of the following would Bargain Company report?1. Unrealized Loss on Trading Investments of $1,500.2. Unrealized Gain on Trading Investments of $20,000.3. Unrealized Gain on Trading Investments of $1,500.4. Unrealized Loss on Trading Investments of $20,000.
Business
1 answer:
natulia [17]3 years ago
4 0

Answer:

3) Unrealized Gain on Trading Investments of $1,500.

Explanation:

By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).

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Companies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both cultural values and business performance. <u>True</u>

Answer: The correct answer is (a) True

<u>Explanation:</u>

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It is mandatory for every concern to evaluate it's managers and reward them from time to time to enhance their involvement as well as their performance in business.Employees should be rewarded according to their value.They should be rewarded fairly for their tasks.

This system help in motivating the employees.Rewards can be in the form of bonus,salary increment,promotions and many other benefits.

Besides rewarding the employees performance should also be evaluated on regular basis.For this their actual performance should be compared with standard performance and if any discrepancy arises they should be informed and corrective measures must be taken.This will help the employees in knowing where they are lacking and it will give them a chance to improve their performance.

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3 years ago
David works as a door-to-door salesperson for a company that manufactures electrical appliances. He has just met an elderly coup
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I believe it’s C I’m not sure
4 0
3 years ago
A parcel of vacant land 80 feet wide and 200 feet deep was sold for $2000 per front foot. how much money would a broker receive
Vlad1618 [11]

First, calculate the area of the vacant land by multiplying the given dimensions.

<span>                                    Area = (80 ft)(200 ft) </span>

<span>                                                Area = 16000 ft^2</span>

 

Then, multiply the calculated area with the given price per ft^2.

<span>                                    Total price = ($2000/ft^2)(16,000 ft^2)</span>

<span>                                    Total price = $32,000,000</span>

 

The 10% commission of selling the land is equal to $3,200,000.

The money that the broker will receive will be 60% of the commission.

<span>                                    = (0.6)($3,200,000)</span>

<span>                                    = <span>$1,920,000</span></span>

6 0
3 years ago
The following materials standards have been established for a particular product: Standard quantity per unit of output 5.3 pound
tatiyna

Answer:

Direct material quantity variance= $20,628.3

Explanation:

Giving the following information:

Standard quantity per unit of output 5.3 pounds

Standard price $14.10 per pound

Actual materials used in production 5,650 pounds

Actual output 790 units

To calculate the direct material quantity variance, we need to use the following formula.

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (5.3*790 - 5,650)*14.1

Direct material quantity variance= $20,628.3

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