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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

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A municipal bond carries a coupon of 6.75% and is trading at par. What is the equivalent taxable yield to a taxpayer in a combin
Bingel [31]

Answer:

10.23%

Explanation:

Formula for computation of equivalent taxable yield is r = rm/1-t. Where the tax rate is t, rm is Yield on municipal bond and r is Tax equivalent yield

r = rm/1-t

r = 6.75% / 1 - 34%

r = 6.75% / 0.66%

r = 10.22727272727273%

r = 10.23%

So, the equivalent taxable yield to a taxpayer in a combined federal plus state 34% tax bracket is 10.23%.

8 0
2 years ago
Which is an example of a preventative measure related to possible medical
Rama09 [41]

An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.

<h3>What is a preventative measure?</h3>

In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.

Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.

Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.

Therefore, option A is correct.

Learn more about a preventative measure, refer to:

brainly.com/question/11588438

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7 0
2 years ago
You will need $228,790 in 28 years to supplement your retirement funds. if you can earn 8% interest, you must save $________ eac
kodGreya [7K]
You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $2,400 each year. ✅
3 0
3 years ago
Read 2 more answers
Professional actor Patrick Stewart considers all his years sitting on thrones of England on the stage of Stratford-upon-Avon as
Arturiano [62]

Answer:

The statement is True

Explanation:

7 0
3 years ago
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Ralph Chase plans to sell a piece of property for ​$170000. He wants the money to be paid off in two ways monica ​short-term not
Crazy boy [7]

Answer:

amount paid at a rate of 9% = 90000

amount paid at a rate of 7% = 170000-90000=80000

Explanation:

We have given total amount = $170000

Let amount paid at rate of 9% is x

Then amount paid at a rate of 7% = 170000-x

We know that sum of individual interest will be equal to total interest

So 0.09\times x+(170000-x)0.07=13700

9x+1190000-7x=1370000

2x=180000

x=90000

So amount paid at a rate of 9% = 90000

And amount paid at a rate of 7% = 170000-90000=80000

3 0
3 years ago
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