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
ololo11 [35]
3 years ago
13

Winsted Co. purchased a bond on December 1 of the current year for $ 49 comma 000 and classified the investment as trading. The

market value of the investment at​ year-end is $ 52 comma 000. What value will be reported in net income for the​ adjustment?
A. $( 3 comma 000 )
B. $ 52 comma 000
C. $ 3 comma 000
D. $ 49 comma 000
Business
1 answer:
Anettt [7]3 years ago
4 0

Answer:

Net income = $3000

C. $ 3 comma 000

Explanation:

For a company, net income is the residual amount of earnings after all expenses have been deducted from sales. In short, gross income is an intermediate earnings figure before all expenses are included, and net income is the final amount of profit or loss after all expenses are included.

In this case.. There is only a buy and a sell trade.

Net income= selling price- cost price

Net income= $52000-$49000

Net income = $3000

You might be interested in
You purchase 4,000 bonds with a par value of $1,000 for $978 each. The bonds have a coupon rate of 7.7 percent paid semiannually
drek231 [11]

Answer:

The amount to be received onthe coupon date is $154000.

The amount to be received at bonds maturity is $4154000.

Explanation:

amount received on the next coupon date = 4000*$1000*7.7%*6/12

                                                                       = $154000

amount to receive when the bonds mature = face value + interest

= 4000*$1000 + $154000

= $4,000,000 + $154000

= $4154000

Therefore, the amount to be received onthe coupon date is      $154000 and the amount to be received at bonds maturity is $4154000.

7 0
3 years ago
The operating range of an engine from startup until shutdown is called
ira [324]
<span>This is the drive cycle. This typically simulates the driving of a vehicle on freeway conditions as a way of testing the readiness of the engine. Any issues that may take place during this test usually bring about a check engine light or some similar message that instructs the user to have the car serviced.</span>
4 0
3 years ago
Volkswagen achieved spectacular success in the late 1990s by targeting the nostalgia segment, 35- to 54-year-old baby boomers, w
serg [7]

Answer: Differentiation focus

Explanation:

Marketing focus is not an actual marketing term. Cost leadership strategy's main focus is on the reduction of expenses which in turn, lowers prices of product while targeting a wide array of market segments.

In this question, Volkswagen is not reducing costs, or targeting large market segments. Differentiation strategy” require products to possess significant points of difference in brand image, product offerings, higher quality, advanced technology, and superior service to command a higher price while also targeting a wide array of market segments. For this question, these factors are not explaineded as targeting a broad market segments.

Differentiation focus strategy requires the products to have significant points of difference that is vital to target one or only a few market segments. For this question, Volkswagen uses a specific and unique factor to appeal to a specific group of people. So differentiation focus is the answer.

7 0
3 years ago
On January 1, Concord Corporation had 113000 shares of $10 par value common stock outstanding. On March 17 the company declared
Alik [6]

Answer and Explanation:

The Journal entry is shown below:-

March 17

Stock Dividend Dr, $84,750 (113,000 × 5% × $15)

     To Common Stock Dividend Distributable $56,500 (113000 × 5% × $10)

     To Paid in capital in excess of Par - Common Stock $28,250

(Being stock dividend is recorded)

Here we debited the stock dividend and we credited the Common Stock Dividend Distributable and Paid in capital in excess of Par - Common Stock

6 0
3 years ago
According to the text, cell phones have been crucial in providing ______ to help aid global refugees. Select one: a. monetary tr
Svetach [21]

Thanks to cell phones, global refugees can be aided better due to cell phones providind c. migration statistics.

<h3>How have cell phones helped refugees?</h3>

Cell phones have allowed refugees to keep in contact with the outside world which allows their location to be tracked.

As a result of this knowledge of the statistics of their migration, aid organizations can reach these refugees better and take care of them.

Find out more on the importance of cell phones at brainly.com/question/27082130.

#SPJ1

5 0
2 years ago
Other questions:
  • The risk-free rate of return is 4%, and the market return is 10%. The betas of Stocks A, B, C, D, and E are 0.85, 0.75, 1.20, 1.
    12·1 answer
  • The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t
    13·1 answer
  • Video Planet (“VP”) sells a big screen TV package consisting of a 60-inch plasma TV, a universal remote, and on-site installatio
    12·1 answer
  • Which component of communication is most accurately represented if andy is trying to decide how to explain a change in plans to
    10·1 answer
  • Identity and explain the type of adjustment raised in each transaction entered into by ABC Ltd. show how each adjustment will be
    14·1 answer
  • Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
    11·1 answer
  • Colorado Rocky Cookie Company offers credit terms to its customers. At the end of 2013, accounts receivable totaled $670,000. Th
    14·1 answer
  • Which of the following statements is true regarding competition?. . A) Competition among buyers decreases sellers' profits.. . C
    5·2 answers
  • The constitution sets forth specific powers that can be exercised by the national government and provides that the national gove
    6·1 answer
  • Government policies, access to resources, and social attitudes can either support or hinder a culture of entrepreneurship. Categ
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!