3 years ago

Cullumber Corporation has these long-term investments:

Business

1 answer:

professor190 [17]3 years ago

7 0

Answer:

Explanation:

The preparation of the investments section of the balance sheet is presented below:

Cullumber Corporation

Investments Section

Debt investment at fair value $163,100

Common stock of Vejas Co at fair value $110,090

Common stock of Penn Inc. at fair value $212,890

Total investments $486,080

The amount which is recorded in the investment section should be fair value, not the cost

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Company Baldwin invested $50,460,000 in plant and equipment last year. The plant investment was funded with bonds at a face valu

Zielflug [23.3K]

Answer:

a. true

b. false

c. true

d. false

e. true

f. false

g. true

h. true

Explanation:

a. we solve for depreciation

$50,460,000/15

= $3364000

this is true

b. retained earnings have no roles to play in this option. false

c. The long term debt has been sen to chaange by

50460000-16741282

= $33718718

true

d. This is false retained earnings have no role to play here.

e. This is true because this is the amount that was used to purchase the plant

f. false since retained earning has nothing to do here.

g. this is true also. the face value of the bond is $33,718,718.

h. this is true. since palnt and equipment is $5046000

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3 years ago

Which definition is the correct definition of "risk-based financing"?

a_sh-v [17]

I m not sure bet i think the answer is B

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4 years ago

The brinton clothing company wants to create and build brand awareness. It would use ________ advertising.

dolphi86 [110]

Answer:

Informative

Explanation:

It would use <u>informative</u> advertising

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2 years ago

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A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even

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3 years ago

Rica Company is a price−taker and uses a target−pricing approach. Refer to the following information:Production volume602,000un

loris [4]

Answer:

Desired profit for the year = $2,329,000

Explanation:

Using the given information, we have

Production volume = 602,000 units

Market price = $34

Operating income desired = 17% of total assets

Total Assets = $13,700,000

Operating income = $13,700,000 $\times$ 17% = $2,329,000

Therefore desired profit = $2,329,000

therefore with this information desired profit per unit = $2,329,000/602,000 = $3.869

Target cost per unit = $34 - $3.869 = $30.131

Desired profit for the year = $2,329,000

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3 years ago