Answer: A- The bonds should be reported among assets in the balance sheet at December 31, Year 1.
B- The bonds should be reported at their fair value of $102,000 in the balance sheet.
D- An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.
Explanation:
An angle is formed when two lines or rays or line segments meet or intersect. ... A linear pair is a pair of adjacent angles whose non-common sides are opposite rays. • When two lines intersect, the vertically opposite angles so formed are equal.
Answer:
d. contracts for the sale of goods.
Explanation:
Common law governs all the contracts that are related to employment, services, real estate or construction, insurance, etc
But it does not govern that contract who are related to the Uniform Commerical code (UGC) or by regulations agencies who operates in administrative services
Like the sale or leasing of goods covered under the Uniform Commerical code (UGC) so the same does not come under the common law
hence, the correct option is d
Based on the options given, the most likely answer to this query are
You want to charge a price that covers variable costs.
You want to charge a price that does not cover fixed costs.
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Answer:
Profit margin (PM) the firm needs in order to achieve the 15% ROE: a. 5.41%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
The return on equity (ROE) is calculated by following formula:
ROE = Net income/shareholder's equity
New Doors Corp. uses $187,500 of total shareholder's equity capital and gets the return on equity (ROE) up to 15.0%
Net income = ROE x Shareholder's equity = 15.0% x $187,500 = $28,125
Profit margin = $28,125/$520,000 = 0.0541 = 5.41%
