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andre [41]
2 years ago
8

Temper Co. purchased 60, 6% Irick Company bonds for $60,000 cash plus brokerage fees of $600. Interest is payable semiannually o

n July 1 and January 1. If 30 of the securities are sold on July 1 for $32,000 less $300 brokerage fees, the entry would include a credit to Gain on Sale of Debt Investments for:_______________.
a. $2,000.
b. $1,700.
c. $2,300.
d. $1,400.
Business
1 answer:
zavuch27 [327]2 years ago
8 0

Answer:

d. $1,400.

Explanation:

The computation of the gain on sale of debt investment is shown below:

Gain on sale of debt investment = Sale price - purchase price

where,

Sale price = $32,000 - $300 = $31,700

And, the purchase price is

= (60,000 + $600) × 30 days ÷ 360 days

= $30,300

Now the gain on sale of debt investment is

= $31,700 - $30,300

= $1,400

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ou wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $32,000 f
AleksAgata [21]

Answer:

Annual contributions to the retirement fund will be $6,347.31

Explanation:

First find the Present Value of the Annuity giving payments of $32,000 annually for 25 years at the rate of 10%.

Using a Financial Calculator enter the following data

PMT = $32,000

P/y = 1

N = 25

R =  10%

FV = 0

Thus, the Present Value, PV is $290,465.28

At the time of retirement (in 20 years time) the Value of the annuity fund is $290,465.28.

Next we need to find the Payments PMT to reach this amount in 20 years time at the interest rate of 8%

Using a Financial Calculator enter the following data

FV = $290,465.28

N = 20

R = 8 %

PV = $0

Thus, the Payments, PMT required will be $6,347.3080

Conclusion :

Annual contributions to the retirement fund will be $6,347.31

3 0
3 years ago
A computer company had $3,000,000 in research and development costs. Before recording these costs, the net income of the company
JulijaS [17]

Answer:

Net income of the company accounted for $400,000

Explanation:

Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.

The net income or loss of the company accounted for is computed as:

Net Income or Loss = Net Income - Research and Development cost

where

Net Income amounts to $3,400,000

Research and Development cost amounts to $3,000,000

So, putting the values above:

Net Income or loss = $3,400,000 - $3,000,000

Net Income  = $400,000

7 0
3 years ago
A _____ is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in th
Deffense [45]

A ​data warehouse is an integrated collection of data that can include seemingly unrelated information, no matter where it is stored in the company.

An enterprise data warehouse (EDW), sometimes referred to as a data warehouse (DW or DWH) in computing, is a system used for reporting and data analysis and is regarded as a key element of business intelligence.

data warehouse DWs serve as a central repository for combined data from a variety of sources.

They keep both recent and old data in a single location that is utilized to provide analytical reports for employees across the whole company.

The operational systems upload the data that is kept in the warehouse (such as marketing or sales).

Before being used in the data warehouse for reporting, the data may go via operational data storage and require data cleansing for extra activities to ensure data quality.

Learn more about the data warehouse here:

brainly.com/question/14615286?

#SPJ4

8 0
1 year ago
Reflecting on the past ten weeks, specify what you believe are the two most important concepts you have learned in this course.
Mariulka [41]

Explanation:

The administration course contributed with several essential concepts for the work and career of every professional.

In my opinion, the two most important concepts learned in this course were the development of marketing plans and management of social media.

Learning about the strategic importance of implementing a marketing plan will help the professional to understand the crucial steps in the development of the product and its phases until reaching the end customer. Another essential learning was social media, which is a worldwide trend in building customer and company relationships and cannot be ignored nowadays, through this new channel companies are able to establish a relationship marketing capable of creating value for the brand and increasing customer loyalty.

6 0
2 years ago
the regulatory cycle provides an opportunity for self-regulation during the latency stage. group of answer choices true false
Semmy [17]

The regulatory cycle provides an opportunity for self-regulation during the latency stage. The statement is False.

<h3>What is the latency stage?</h3>

The latency stage will last for six years until puberty. This is referred to as the fourth stage of psychosexual development. No additional psychosexual growth happens at this stage since the desire is inactive.

A phase of discovery during which the reproductive energy is restricted or inactive is known as the latent period. This power is still there, but it has been transferred to other activities like learning and networking and plays a crucial role.

Therefore, the statement is False.

Learn more about the latency stage, here:

brainly.com/question/4123860

#SPJ4

5 0
1 year ago
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