1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aliun [14]
3 years ago
10

Linder Corporation invested $70,000 cash in marketable securities on September 1. On September 7 the company sold $10,000 of the

se investments for $15,000. On September 28 Linder sold $6,000 of the securities for $4,000.
Required:
a. Record the purchase of marketable securities on September 1.
b. Record the sale of marketable securities on September 7.
c. Record the additional sale of marketable securities on September 28.
d. Record the necessary month end fair value adjustment on September 30. The market price for Linder Corporation's remaining unsold securities was $58,000.

Business
1 answer:
olga2289 [7]3 years ago
8 0

Answer and Explanation:

Find attached

You might be interested in
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist__
miss Akunina [59]

Answer:

raises;larger;decrease;always.

Explanation:

Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a larger percentage than the rise in price, causing profit to decrease. Therefore, a monopolist will always produce a quantity at which the demand curve is elastic because he or she will be maximizing profits.

A monopolistic market is a type of market structure that is typically characterized by a single supplier or seller of a particular product without any competition from any other in the market. The features of a monopolistic market are;

- Single seller.

- Profit maximizer.

- Price maker.

- High barriers to entry for others.

- Price discrimination.

- No close substitutes or competition.

3 0
3 years ago
What words come to mind, both positive and negative, when you think about budgeting?
Svetlanka [38]

Answer:

Positive:

-Managing money

-Saves money for other things

Negative:

-May be hard to budget if you need a lot

Hope this helps! These are just what come to mind in my opinion.

4 0
2 years ago
What is another term for accountability?
OverLord2011 [107]

Answer:

responsibility

liability

answer-ability

reporting

obedience

Explanation:

6 0
3 years ago
In three years, when he is discharged from the Air Force, Steve wants to buy an 8,000 power boat.
eduard

Steve will get $11360 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 14%

principal + interest = $8000

Time = 3 years

Simple interest

=\frac{8000 \times 3 \times 14}{100}\\=3360

Now principal + interest = 8000+3360 = 11360

Therefore, Steve will get $11360.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

4 0
2 years ago
Getthere airlines currently charges $200$ dollars per ticket and sells $40{,}000$ tickets a week. for every $10$ dollars they in
Nataly_w [17]
Suppose GetThere Airlines increases their ticket price to $200+10n = 10(20+n)$ dollars. Then the number of tickets they sell is $40,000-1000n = 1000(40-n)$ .<span> Therefore, their total revenue is
</span>
$$10(20+n)\cdot 1000(40-n) = 10000(20+n)(40-n) = 10000(800+20n-n^2).$$

This is maximized when $n=-\left(\frac{20}{2\cdot(-1)}\right)=10$ .<span> Therefore, they should charge </span><span>$200+10\cdot 10 = \boxed{300}$</span><span> dollars per ticket.</span>
6 0
3 years ago
Other questions:
  • While walking along the river, Joshua thought of a brilliant idea for getting into the yacht business. Which idea-getieruur
    14·1 answer
  • Choose five of the ethical behaviors (enthusiasm, quality, cooperation, productivity, and safety) and post five rules that you w
    6·1 answer
  • The rule of supply and demand says that
    15·2 answers
  • At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.
    14·1 answer
  • If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%
    5·1 answer
  • Companies use ____________ to check that enough work is scheduled for operations and that the amount of work scheduled is feasib
    14·1 answer
  • MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a depart
    13·1 answer
  • Suppose the economy of the large country of Hendrix is currently experiencing economic growth and has a trade deficit. Consider
    13·1 answer
  • true or false a task performed every other month has a higher initiating event frequency than a task performed every week
    13·1 answer
  • record the adjusting entry for recording the interest due on a note payable liability. assume that the company has a $2400 note
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!