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likoan [24]
3 years ago
11

Prepare garfield's journal entries for (a) the purchase of the investment, (b) the receipt of annual interest and discount amort

ization, and (c) the year-end fair value adjustment. (assume a zero balance in the fv adjustment account). the bonds have a year-end fv of $75,500.
Business
1 answer:
frutty [35]3 years ago
8 0
I think it’s C hope this helps
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Roro, Inc. paid $7,200 to renew its only insurance policy for three years on March 1, Year 5, the effective date of the policy.
max2010maxim [7]

Answer:

Insurance expense amount is $500

Prepaid insurance amount is $7,000

Explanation:

The prepaid insurance amounts to $300, on March 31, before the adjustment, that represents the remaining portion of the policy before the renewal. And this amount must have expired by the March 31, as there is only a single insurance policy and which will be renewed on March 1.

The $300 is involves in the insurance expense for the 3 months that ended on March 31, and in addition, 1 month coverage is there.

Therefore, amount of $200 ($7,200/ 36 months), which is involves in the insurance expense for the 3 months. In aggregate $500 of the insurance expense is acknowledged.

Prepaid insurance left out balance on March 31, is $7,000 ($7,200 - $200).

5 0
3 years ago
Where can you get a job in welding and what are the basic requirements?
Irina-Kira [14]
Welders require little formal education.

A welder fuses metal components to form a final product that meets a client's request. They need physical strength and proper skills to manage hazardous and heavy welding equipment. Welders are employed in a myriad of industries, including construction, steel, aerospace, and motor vehicles, each of which may depend on their level of expertise. 

Hope this helps!

6 0
3 years ago
You purchased 340 shares of a particular stock at the beginning of the year at a price of $77.03. The stock paid a dividend of $
Mekhanik [1.2K]

Answer:

Return on the investment  = 10.8%

Explanation:

<em>The return on a stock is the sum of the capital gains(loss) plus the dividends earned.</em>

<em>Capital gain is the difference between he value of the stocks when sold and the cost of the shares when purchased.</em>

Total shareholders Return =

(Capital gain/ loss + dividend )/purchase price × 100

So we can apply this to the formula:

Dividend = 1.8 × 340= $612

Capital gain = (83.54-77.03)× 340 =$ 2213.4

Cost of shares = 340 × 77.03= $26,190.2

% return =  (612 + 2213.4)/ 26,190.2 × 100

= 10.8%

6 0
3 years ago
When calculating the weighted average flotation cost, the weights should be based on the: O mix of debt and equity that will be
In-s [12.5K]

Answer:

Mix of debt and equity that would be used to finance the specific project.

Explanation:

This is the amount of capital that can raised which include examples like issuance of common stock.

5 0
3 years ago
Books Brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What
qaws [65]

Answer:

D) 38%

Explanation:

The computation of the total return during the most recent year is shown below:

= (Price of stock at the year end 2 - Price of stock at the year end 1) ÷ (Price of stock at the year end 1)

= ($18 - $13) ÷  ($13)

= ($5) ÷  ($13)

= 38.46%

Basically we deduct the price of year end 1 from the price of year 2 and then divide it by price of year end 1 so that the total return could come

7 0
3 years ago
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