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zhenek [66]
3 years ago
13

Novak Corporation reported the following for 2020: net sales $1,208,000, cost of goods sold $731,100, selling and administrative

expenses $336,800, and an unrealized holding gain on available-for-sale debt securities $24,300. Prepare a statement of comprehensive income using the one statement format. (Ignore income taxes and earnings per share.) NOVAK CORPORATION Statement of Comprehensive Income
Business
1 answer:
icang [17]3 years ago
5 0

Answer:

The answer is given below;

Explanation:

Sales                                             $1,208,000

Less:Cost of goods sold               ($731,100)

Gross Profit                                     $476,900

Less:Selling and Admin Expenses ($336,800)

Net Profit                                          $140,100

Add:Unrealized holding gain            $24,300

Comprehensive Income                    $164,400

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Consider a production possibilities frontier (PPF) with good X on the horizontal axis and good Y on the vertical axis. The PPF i
Ahat [919]

Answer:

C

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

If the PPF is a straight line, it means there is a constant opportunity cost no matter the point one is on the curve

8 0
3 years ago
Which of the following is NOT one of the core capabilities that span across all five mission areas?
Andreas93 [3]

Answer:

D. Health and social services. fall into the Recovery mission area only

Explanation:

Health and social services. fall into the Recovery mission area only

8 0
3 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
cestrela7 [59]

Answer:

Merchant wholesaler

Explanation:

A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.

Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.

Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.

In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

6 0
3 years ago
You purchased 250 shares of a particular stock at the beginning of the year at a price of $68.12. the stock paid a dividend of $
aniked [119]

Answer:

$9.18

Explanation:

Return on Investment is the actual profit / gain received on investment. In case of Investment in the stock the dividend and price appreciation is included in the return.

We will calculate the return on the investment in accounts.

Return = Dividend Received + ( Market Price of Stock - Initial price )

Return = Dividend Received + ( Market Price at the end of the year - Price at the beginning of the year )

Return = $0.85 + ( $76.45 - $68.12 )

Return = $0.85 + $8.33

Return = $9.18

5 0
2 years ago
Consider the multifactor APT with two factors. Stock A has an expected return of 17.6%, a beta of 1.45 on factor 1, and a beta o
ehidna [41]

Answer:

The risk premium on factor 2 = 9.26%.

Explanation:

Let us denote the risk premium of factor 2 as x

Below is the formula we can use to calculate the risk premium of factor 2.

Expected return on stock = (Beta (factor 1)* expected return of 1) +(beta of 2x * risk free reate)

17.6% = (1.45*3.2%) + 0.86x+5%

17.6 = 4.64 + 0.86x+5%

17.6 - 4.64 - 5= 0.86x

7.96 = 0.86x

x = 7.96/0.86 =9.2558

The risk premium on factor 2 = 9.26%.

5 0
3 years ago
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