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erastovalidia [21]
4 years ago
13

On January 1, 2018, Normal Plastics bought 15% of Model, Inc.'s outstanding bonds for $900,000. On October 1, 2019, the bonds we

re valued at $1,026,000 and Normal sold half of the amount it purchased. On December 31, 2019, the remaining bonds were valued at $580,000. How much should Normal show on its 2019 income statement from this investment, assuming that it accounts for it as an available-for-sale investment?
Business
1 answer:
Brums [2.3K]4 years ago
5 0

Answer:

$63,000

Explanation:

The computation of the income statement from this investment is shown below:

= (Value of the bond - outstanding bond) ÷ criteria

= ($1,026,000 - $900,000) ÷ 2

= $126,000 ÷ 2

= $63,000

The outstanding bond value is subtracted from the value of the bond and the amount that comes is divided by 2 so that the actual amount could come.

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Pcd inc. operates as a nevada business. the suta wage base for nevada is $28,200. pcd inc.'s suta tax rate is 4.5%. the employee
wlad13 [49]

Answer:

$4,927

Explanation:

The computation of tax liability is shown below:-

Suta wage base is $28,200. So, income besides $28,200 is not subject to Suta tax.

Total taxable income = Annabelle + Beatrice + Michael + Howard

= $28,200 + $24,880 + $28,200 + $28,200

= $109,480

Suta tax liability = Total taxable income × Tax rate

=$109,480 × 4.5%

= $4,927

So, for computing the Suta tax liability we simply multiply the total taxable income with tax rate.

4 0
3 years ago
A store is offering a 25% discount on all items. Also, employees get a 10% employee discount. If you are an employee which disco
mr Goodwill [35]
Let x be the original price of an item. For the first case, the employee avails the 25% first then the 10%. 
                     Price: (0.75x)(0.90) = 0.675x
For the second case, the 10% discount is availed first then, the 25%.
                    Price: (0.90x)(0.75) = 0.675x
Thus, whichever is the case, the price would be the same. The answer is letter D. 
4 0
3 years ago
Read 2 more answers
Kendall Gardner agreed to buy a specially built shaving mill from B&C Shavings. He planned to use the mill to produce wood s
zaharov [31]

Answer: This is not an enforceable contract, because they is no agreement of what will happen if any of the party failed to fullfil it's obligation in the contract agreement.

Explanation: An enforceable contract is a legal agreement between two or more parties, which is backed by the law.

The agreement between Kendall Gardner and B&C shavings is not an enforceable contract because it would be defrauding for Kendall Gerdner to loss $25,860 paid to B&C shavings, just because they can't complete it's payment. It will also be unfair to B&C shavings since their have spend it's money to build the shaving mill.

Their contract agreement lacks what should be done if any party failed to fullfil its own part in the agreement.

B&C shavings doesn't have the right to withhold Kendall Gardner down payment, as it's not agreed in their contract.

7 0
3 years ago
For most young people, working full-time and going to school are substitutes: You tend to do one or the other. When it’s tough t
Ivahew [28]

Answer:

The answers are:

  • It lowers the opportunity cost of going to college
  • The demand for college rises.

Explanation:

The opportunity cost can be defined as what you lose because when decide to choose a different alternative.

In this case going to college means losing the possible revenue (salary) you can get by working. If you can´t find a job, then your possible (salary) decreases, so the cost of opportunity of going to college lowers. Therefore the demand for attending college increases.

5 0
4 years ago
Britt is a member of an environmental activist organization and has helped organize peaceful protests on campus. She is deeply i
larisa [96]

Answer:

Rebel

Explanation:

Burton Clark and Martin Trow, the two sociologists described about the four types of college subcultures.

1) Collegiate

2) Academic

3) Vocational

4) Rebel

Britt has all the characteristics of Rebel subculture, that is being deeply involved with ideas from the classroom and wider society of art, literature, and politics. They are aggressive nonconformism, and find critical detachment from the college they attend and from its faculty like Britt consider her professors ideas as outdated.

8 0
3 years ago
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