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
Deffense [45]
3 years ago
7

Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert

ains to these securities. The fluctuations in their fair values are not considered permanent. Fair Value Fair Value Amortized Cost Amortized Cost Held to Maturity Securities: 12/31/2015 12/31/2016 12/31/2015 12/31/2016 ABC Co. Bonds $375,000 $400,000 $367,500 $360,000 Available for Sale Securities: LMN Co. Debt Securities $130,500 $150,400 $145,000 $140,000 Fair Value Fair Value FV through NI Securities: 12/31/2015 12/31/2016 Cost DEF Co. Stock $48,000 $59,500 $66,000 GEH Inc. Stock $47,000 $77,000 $39,000 IJK Inc. Stock $44,000 $38,500 $32,900 What balance sheet amount would Beresford report for its total investment securities at 12/31/2015?
Business
1 answer:
Minchanka [31]3 years ago
6 0

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

You might be interested in
You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will
sweet-ann [11.9K]

Answer:

FV= $17,701.6

Explanation:

Giving the following information:

Annual deposit (A)= $5,800

Interest rate (i)= 5.2%

<u>To calculate the future value after the third deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800

FV= $17,701.6

3 0
3 years ago
The results of jasper's study for his dissertation showed that 200 mg of experimental drug r had a minimal-to-modest effect in r
Amiraneli [1.4K]
<span>The increase in drug r is a manipulation of the independent variable. The dependent variables here are the changes produced by the drug in the symptoms of GAD.</span>
8 0
3 years ago
What did business leaders promise hoover they would do to help the economy?
densk [106]
What business leaders promised Hoover they would do to help the economy is to <span>keep factories open and stop slashing wages. However, they did not keep their promise, to nobody's surprise. </span>
5 0
3 years ago
AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 c
posledela

Answer:

What is the amount of Supplies Expense that AllTech Corporation will recognize for the​ year?

$1050

Explanation:

Beggining of the year 1800

Purchased 1150

 

End of the year 1900

Expenses 1050

 

end = beg+purtcahse-expense  

 

expense=beg+purchases-end  

 

expense=1050  

4 0
3 years ago
Which of the following statements is TRUE? Group of answer choices Dependent demand is directly related to the demand of other s
liubo4ka [24]

Answer:

A). Dependent demand is directly related to the demand of other stock-keeping units (SKUs) and can be calculated without needing to be forecasted.

Explanation:

The first statement asserts a true claim as it correctly states that 'dependent demand is promptly associated to the demand of further SKUs and therefore, it can be measured without requiring any prediction.' Dependent demand is characterized as a demand that is reliant on the other products' demand. This is why such demands are directly influenced by a rise or fall in the other products' demand and <u>this is the reason due to which dependent demand can be calculated easily without any prediction because it will observe a similar impact as its associated product would face</u>. Thus, <u>option A</u> is the correct answer.

6 0
2 years ago
Other questions:
  • What is the correct answer...A, B, or C?
    8·1 answer
  • The Forestville Freeze is regionally known for its employee training programs. Managers at the Freeze conduct research to determ
    6·1 answer
  • 6.Which statement applies to all centrally-planned economies?
    6·1 answer
  • A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduc
    14·1 answer
  • Before the Equal Employment Opportunity Commission can file a civil suit for a violation of the Civil Rights Act based on a clai
    9·1 answer
  • Question 1
    15·1 answer
  • An overhead variance report includes which of the followings:
    5·1 answer
  • 4. what influence may rising house prices have on inflation?
    5·1 answer
  • I WILL MARK BRAINLIEST IF CORRECTHow does the value of the cars produced by the Japanese company within the United States impact
    15·1 answer
  • Managers at Umbrella Corporation, a firm in East Asia, want to make their company a global leader in business process outsourcin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!