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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

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Developing and establishing professional contacts that can assist you in finding employment is?
butalik [34]

It is called networking.

Networking is the informal social exchange of information and ideas between people who share a profession or a common interest. Networking frequently begins with a single point of commonality.

Networking is making use of personal, commercial, academic, or family relationships to help with a job hunt, attain career objectives, learn more about your industry, or another sector in which you'd like to work. Networking might help you learn about career prospects or gain access to a firm one want to work for.

Therefore, the answer is networking.

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6 0
1 year ago
Define the concept management from functional perspective and clearly explain each of its
Wewaii [24]

Answer:

Management refers to the ability or art of setting objectives, organizing, motivating the people resources, devising systems of measurement, and building human capacity towards the attainment of all organization objectives.

Explanation:

1. Defining Objectives: This flows down from the Founder and Chief Vision Officer. The objectives of an organization is the purpose for which an organization was set up. An example could be to give people living with a disability the opportunity to live inclusively, attaining their highest selves.

2. Organizing: When objectives are taken and put in form of goals, these goals are devolved through to management in the form of achievable tasks who then delegate them to staff. The process of ensuring that each staff know their tasks, who they are accountable to, and work together harmoniously is called Organising.

3. Motivating team: It is not enough to have human resources. It is critical that they be willing to work together, harmoniously and happily. This way, the company enjoys the highest performance possible.

4. Defining Performance Indicators

What is not measured can not be managed. Performance Indicators are systems of measurement that enable the organization to keep track of whether or not the goals are being met and in what measure they are.

5. Building Capacity

Organizations that build leaders the fastest are the ones that win. Building human capacity is the equivalent of upgrading machinery or opting for higher manufacturing technology in the industrial age. People are able to solve problems to the extend that they know how to. The more they know, the better and faster they are at solving such problems. Hence, increasing organizational competency and effectiveness.

Cheers

3 0
3 years ago
When Julia was young, she and her mother would have a girls' night out every month. They would go shopping, watch a movie, and h
Irina-Kira [14]

Answer:

The correct answer is letter "B": episodic memory.

Explanation:

Episodic memory stores unique specific personal experiences. The perception of this event is different from each individual who experienced it. Episodic memory relates factors such as emotions, objects or places at the time the experience is remembered by the individual.

7 0
3 years ago
The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

Next, Depreciation expense= \frac{57800-5400}{72} = \$ 727.77

∴ Monthly depreciation expense= $ 727.77

Depreciation expense for last six months of year 3= 727.77 \times 6= \$ 4366.67

∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
4 years ago
The following information relates to Bonita Co. for the year ended December 31, 2017: net income 1,298 million; unrealized holdi
tester [92]

Answer: a) $(11.3) million

b)$1,286.7million

c)$40.6 million

Explanation:This does not involve lengthy explanation.

(a) Other comprehensive income for 2017 =unrealized holding loss =available-for-sale securities during the year= $(11.3) million

(b) Comprehensive income for 2017= net income-unrealized holding loss =

$1,286.7million (1,298 - 11.3)

(c) Accumulated other comprehensive income = accumulated other comprehensive income -unrealized holding loss

$40.6 million (51.9 - 11.3)

3 0
3 years ago
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