The skills, abilities and other characteristics needed to perform a job are detailed in a select one:

Seybert Systems accounts for its investment in Wang Engineering bonds as available-for-sale. Seybert's balance in accumulated ot

MaRussiya [10]

Answer:

Seybert purchased the Wang investment for $173,000

Explanation:

Since there is a credit balance. It means the stock is increased in value by $27,000. So that the stock was purchased at $173,000 ($200,000-$27,000).

3 0

2 years ago

Demand"" is a series of prices and the related quantities that consumers are willing and able to buy at a particular ___________

Nonamiya [84]

Answer:

given price in a given time period

Explanation:

Demand is the quantity of a good or service that consumers are willing and able to buy at a given price in a given time period. Each of us has an individual demand for particular goods and services and our demand at each price reflects the value that we place on a product, linked usually to the enjoyment or usefulness that we expect from consuming it. Law of demand states that If the price of something goes up, people are going to buy less of it.The higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand is based on needs and wants a consumer may be able to differentiate between a need and a want, but from an economist’s perspective they are the same thing. Demand is also based on ability to pay. If you cannot pay, you have no effective demand. What a buyer pays for a unit of the specific good or service is called price. The total number of units purchased at that price is called the quantity demanded. An increase in the price of a good or service almost always decreases the quantity demanded of that good or service. Conversely, a decrease in price will increase the quantity demanded.

7 0

3 years ago

Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $19,000 and variable exp

Debora [2.8K]

Answer:

The break-even point for the entire company is closest to 2 units

Explanation:

The Break even point is the point where a firm neither makes a profit nor a loss.

Break Even Point = Fixed Cost / Contribution per unit

= $45,940 /(($19,000-$10,030)+($32,000-$15,980))

= $45,940/$8,970+$16,020

= 2 units

7 0

2 years ago

Tanner-UNF Corporation acquired as a long-term investment $260 million of 6.0% bonds, dated July 1, on July 1, 2021. Company man

REY [17]

Answer:

1. Dr Investment in bonds $260 million

Cr Discount on bond investment $40 million

Cr Cash $220 million

2. Dr Cash $7.8 million

Dr Discount on bond investment $2.1 million

Cr Interest revenue $9.9million

3. $222.1million

4. Dr Cash $210 million

Dr Discount on Bonds investment $37.9million

Dr Loss on sale of bonds $12.1 million

Cr Investment in bonds $260 million

Explanation:

1. & 2. Preparatiin of the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021 and interest on December 31, 2021, at the effective (market) rate.

1. Dr Investment in bonds $260 million

Cr Discount on bond investment $40 million

Cr Cash $220 million

(Being to record the purchase of investment )

2. Dr Cash $7.8 million

[(6%*$260)* 6 ÷ 12]

Dr Discount on bond investment $2.1 million

($9.9million-$7.8 million)

Cr Interest revenue $9.9million

[(9%*$220)* 6 ÷ 12]

(Being to record interest on bonds )

3. Calculation for what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet

Bond investment $260 million

Less Discount on bond investment ($37.9million)

($40 million - $2.1 million)

Investment cost $222.1million

Therefore the amount that Tanner-UNF will report its investment in the December 31, 2021, balance sheet is $222.1million

4. Preparation of the journal entry to record the sale.

Dr Cash $210 million

Dr Discount on Bonds investment $37.9million

($40 million - $2.1 million)

Dr Loss on sale of bonds $12.1 million

[260 million-($210 million+$37.9million)]

Cr Investment in bonds $260 million

(Being to record sale of bonds )

3 0

3 years ago

Briefly discuss the role of the Financial Manager.

Volgvan

Walter hartwell white

6 0

2 years ago