Answer:
A. Unrealized Holding Loss - Trading 3,400
Fair Value Adjustment - Trading 3,400
Explanation:
Since this investment is classified as a trading investment, any change in its fair market value must be included in their income statement. The appropriate journal entry should be:
Dr Unrealized loss on trading security 3,400
Cr Debt investments 3,400
This will decrease the carrying value of the debt investments in the balance sheet and the loss will be included in the 2019 income statement. The fair value adjustment account normally has a credit balance since it decreases the carrying value of the investment account.
Answer:
e.
Explanation:
If you work for a Market-oriented firm, the primarily focus of your efforts would be satisfying the wants and needs of their customers. This is because the main goal of a Market-Oriented firm, is exactly that, to increase profitability as much as possible by satisfying the wants and needs of the customers that purchase the products or services that your firm is offering.
Answer: 28.20%
Explanation:
To compute the annual interest rate implicit in the sales discount for thus:
Firstly, we have to calculate the difference that exist between the payment date and the due date and then divide by 365 days which has been given in the question. This will be:
= 60 days - 20 days = 40 days
= 365days/40days
= 9.125%
Secondly, we will then subtract the percentage discount from 100% and then divide the result. Since discount percentage is 3%, this will be:
= 3%/(100% - 3%)
= 3%/97%
= 0.03/0.97
= 0.0309278351
= 3.09%
Lastly, we then multiply the result of the calculations above together in order to get the annualized interest rate. This will be:
= 9.125% × 3.09%
= 28.19625%
= 28.20%
Annualized interest rate. =28.20%
Answer:
Falsifiability
Explanation:
Based on the information provided within the question it can be said that the principle that is involved here is Falsifiability. This term refers to the assertion that for a hypothesis to have credibility, it has to be inherently disprovable before being accepted as a scientific hypothesis or theory. Otherwise it will not be.
