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Hunter-Best [27]
3 years ago
8

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $52 million at par and classified the securit

ies as available-for-sale. On December 31, 2021, these bonds were valued at $46 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $62 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should finally take the third step of recording a sales transaction with a gain of:
Business
1 answer:
sineoko [7]3 years ago
5 0

Answer:

Transaction gain = $16 million

Explanation:

Given:

Purchase amount = $52 million

December 31, 2021, bonds value = $46 million

October 3, 2022, bonds sold = $62 billion

Computation:

Using multi-step approach

Transaction gain = October 3, 2022, bonds sold - December 31, 2021, bonds value

Transaction gain = $62 million - $46 million

Transaction gain = $16 million

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Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives.
7nadin3 [17]

Please kindly note that none of the

Options given in the question is correct.

The correct answer is calculated and explained below

Answer:

$79.92 per move.

Explanation:

Activity rate can be calculated by dividing Activity cost budgeted for the particular activity pool by the Estimated or Total Activity base for that pool

Activity rate = Budgeted activity cost ÷ Estimated or Total Activity base

In the question above,

Budgeted Activity cost for material handling = $443,500

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3 0
3 years ago
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Pro
Allushta [10]

Answer:

$27,800

Explanation:

Given that

Government Divisional segment margin = $40,300

Export Products Division = $92,700

Common fixed expenses = $105,200

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Total segment margin = Government divisional segment margin + Export Products Division

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= $133,000 - $105,200

= $27,800

7 0
2 years ago
Which of the following statements is NOT CORRECT? a. Sunk costs are the costs associated with "the road not taken". They represe
Ann [662]

Answer:

A

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity costs are costs associated with "the road not taken".

An example of opportunity cost : you quit your job where you ern $50,000 to start your business. the opportunity cost of starting your business is $50,000 - your salary that you would be forgoing to start your business

6 0
3 years ago
Is it bad to call someone a pig
algol [13]
Well to me I feel that it is kinda rude to call someone that. but if you say just kidding at the end  then I'll take it as a joke lol. ((:
8 0
2 years ago
Read 2 more answers
Pls help me with this, I've been stuck for like 20 minutes​
Aneli [31]

Answer:

B ang answer in my opinion

Explanation:

sorry...hope it helps:)

7 0
2 years ago
Read 2 more answers
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