Answer:
Unrealized gain = $12,000
Explanation:
Security Cost A Fair value B Unrealized amount (B-A)
ABC $40,000 $55,000 $15,000
DEF $72,000 $65,000 -$7,000
XYZ $16,000 $20,000 <u>$4,000</u>
Total <u>$12,000</u>
So, the unrealized gain to be recorded is $12,000
Answer:
C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise.
Explanation:
An increase in demand would lead to an increase in demand and price.
An increase in supply would lead to an increase in supply and a fall in price.
The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.
I hope my answer helps you
Answer:
Cash Flow from Operating Activities
Net Income $226,500
Decrease in Accounts Receivable $78,500
Increase in Prepaid Expenses -$28,200
Increase in Inventories -$41,700
Cash Provided by Operating Activities $235,100
Answer:
A. The amount of fixed overhead deferred in inventories is $60,000
Explanation:
Unit product cost
Year 1 Year 2
Direct materials $12 $12
Direct labor $5 $5
Variable manufacturing
overhead $5 $5
Fixed overhead
$48 $36
($432,000 ÷ 9,000) ($432,000 ÷ 12,000)
unit product cost $70 $58
Fixed overhead deferred (1,000 × $48) $48,000
Fixed overhead released -$48000
Fixed overhead deferred (3000 × $36) $108,000
Net $48,000 $60,000
The amount of fixed overhead deferred in inventories is $60,000
The third function explains that money is a medium of exchange. It means that it is better to use the money used in the country itself to gain better service because it would provide better protection. Costumers would be more satisfied if the business would accept the money they have and it would be safer and mutually good for both if the customer would transact using the currency country's currency.
Source: https://www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-9-functions-of-money
