Superstores that are actually giant specialty stores and have seen tremendous growth recently are called ______

The following information shows Carperk Company's individual investments in securities during its current year, along with the D

melamori03 [73]

Answer:

a. See the table below.

b. Debit Fair value adjustment - Available-for-sale for $47,981; and Credi Unrealized gain - Debt for $47,981.

Explanation:

1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed.

This can be done as follows:

<u>No. Types of investment Classification of investment </u>

a. Long-term investment Debt investment held to maturity

b. Long-term investment Equity method investments 20%-50%

c. Long-term investment Available for sale dbt securities

d, Long-term investment Available for sale dbt securities

e. Short-term investment Stock investment <20%

2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year.

The journal entries will look as follows:

<u>General Journal Debit ($) Credit ($) </u>

Fair value adjustment - Available-for-sale 47,981

Unrealized gain - Debt (w.1) 47,981

<em><u>(To record the fair value adjustment for the portfolio of available-for-sale debt securities). </u></em>

<u>Workings (w.1):</u>

No Fair Value ($) Cost ($) Gain (loss) ($)

A B C = A - B

a. 453,116 416,850 36,266

c. 184,240 170,909 13,331

d. <u> 93,426 </u> <u> 95,042 </u> <u> (1,616) </u>

Total <u> 730,782 </u> <u> 682,801 </u> <u> 47,981 </u>

7 0

3 years ago

Expanding the number of stores in a foreign market, such as the expansion plan launched by Starbucks in China (announced in 2018

ExtremeBDS [4]

Answer:

Consider the following explanation

Explanation:

To enter in the foreign market , any enterprises needs research and solid foundation to built a customer base for future. As given in the case Expanding the number of stores in a foreign market, such as the expansion plan launched by Starbucks in China (announced in 2018), is a major capital budgeting project. A project of this scale requires coordinated planning across all functions of a business .

Following are the items on the income statement and balance sheet that, this new undertaking will effect:

CHECK THE DOCUMENT ATTACHED

Download xlsx

5 0

3 years ago

Company Q incurred manufacturing costs for the year as follows:

masha68 [24]

The Net income of the Income statement under the absorption costing equals Sh 14,000.

<h3>What is Direct materials?</h3>

= 1,000 x 10

= Sh 10,000

<h3>What is Direct labor?</h3>

= 1,000 x 7

= Sh 7,000

<h3>What is Variable manufacturing overhead?</h3>

= 1,000 x 3

= Sh 3,000

<h3>What is Fixed manufacturing overhead</h3>

= 1,000 x (7,500 / 1,500)

= Sh 5,000

Company Q

Income Statement

Revenue (1,000 x 45) 45,000

<u>Cost of goods sold:</u>

Direct materials 10,000

Direct labor 7,000

Variable Manufacturing overhead 3,000

Fixed manufacturing overhead <u>5,000</u> <u>(25,000)</u>

Gross Margin 20,000

Variable Selling and admin expenses 2,000

Fixed Selling and admin expenses 4,000

Total Selling and admin expenses <u>(6,000)</u>

Net Income <u>14,000</u>

<u />

Read more about absorption costing

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6 0

2 years ago

Which would be processed as an exception to the payment rate typically calculated according to the Federally Qualified Health Ce

inn [45]

Answer:

with more than one FQHC practitioner on the same day, regardless of the length or complexity of the visit

Explanation:

<h2>STUDY HARD BRO</h2>

5 0

3 years ago

1. A department is looking for an entry-level cashier. One of the job applicants is a cashier with 30 years of experience as a c

nevsk [136]

The candidate with 6 months of experience shall be hired by the department for the position as an entry-level cashier.

<h3>Who is cashier?</h3>

A cashier is a professional who has expertise in managing the cash inflows and outflows of an organization and deal with the cash transactions of an organization on a daily basis.

A cashier who has 6 months of experience be more suitable for such role in the department, and will also take lesser pay than the one with 30 years of experience.

Hence, it may be concluded that the cashier with less experience will be a suitable one to be hired at the position as such.

Learn more about cashier here:

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4 0

3 years ago

Superstores that are actually giant specialty stores and have seen tremendous growth recently are called​ _______.

Superstores that are actually giant specialty stores and have seen tremendous growth recently are called _______.