1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksano4ka [1.4K]
3 years ago
8

Pharoah Corporation has the following long-term investments. (1) Common stock of Eidman Co. (10% ownership), cost $102,500, fair

value $109,500. (2) Common stock of Pickerill Inc. (30% ownership), cost $202,500, equity $252,500. (3) Debt investment, cost $92,500, fair value $152,500.Prepare the investments section of the balance sheet.
Business
1 answer:
Step2247 [10]3 years ago
8 0

Explanation:

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

                                    Pharoah Corporation

                                     Investment section

Fair value of investment in cost $109,500

Fair value of investment in equity $252,500

Fair value of the debt investment $152,500

Total value of investment              $514,500

You might be interested in
Which of the following best explains why resources need to be allocated in the game of economic? A) Natural resources are often
Sladkaya [172]

Answer:

The best explanation for the need to allocate resources in the game of economics is that:

C) There are not enough resources to produce all of the goods and services that everyone wants.

Explanation:

In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available.  This is the bedrock of Economics.  It is the reason that Economics is studied as a separate course.  Scarcity and needs are important concepts in human interactions.  Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.

3 0
3 years ago
The degree of operating leverage can be measured by​ ________. A. multiplying the contribution margin by sales revenue B. dividi
Varvara68 [4.7K]

Answer:

Option C is the answer

Explanation:

The degree of operating leverage is measured by dividing the contribution margin by operating income.

The degree of operating leverage (DOL) is the ratio of contribution margin to operating income. It measures how much the operating income of a company will change in response to a change in sales. A Companies that have higher proportion of fixed costs to variable cost will have greater levels of operating leverage.

4 0
3 years ago
Whispering Winds Corp. compiled the following financial information as of December 31, 2022: Service revenue $836000 Common stoc
lawyer [7]

Answer:

$580,000

Explanation:

The computation of the asset is shown below:

= Equipment + supplies + cash + account receivable

= $244,000 + $30,000 + $215,000 + $91,000

= $580,000

We simply added the four items so that the asset value could be determined

Hence, the asset is $580,000

5 0
3 years ago
I need the answer for this
Nadusha1986 [10]

Answer:

D.)

i invest in stocks

5 0
3 years ago
Support functions manage and improve the efficiency of an organization's conversion processes so that more value is created.
HACTEHA [7]

Answer:

a) true

Explanation:

Support Function include Information Technology, Human Resources, Finance and Marketing. These are there to ensure that conversion process is efficient by providing support services such as sourcing of talent, fund management, communication.

3 0
3 years ago
Other questions:
  • Managers at sprocket inc. have recognized declining sales on their water purifier and must make a decision about what to do. the
    13·1 answer
  • Which of the following is true of voluntary export restraints? a. It is a government payment to domestic firms. b. It is an exam
    10·1 answer
  • Luke's Express Diner is the only place that sells burgers in a remote town in Arizona. As one of the​ long-time residents of the
    13·1 answer
  • Identify the financial instruments based on the following descriptions.(a) Backed by the U.S. government, these financial instru
    10·1 answer
  • Which of the following best explains why the demand for housing is more flexible than the supply? A. New housing developments ar
    14·2 answers
  • If you plan to take money out of the bank frequently, what type of account should you get?
    13·2 answers
  • Cullumber Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at De
    11·1 answer
  • Câu 4: Các hoạt động tiếp thị quá đáng mang tính quảng cáo hay lạm dụng lợi ích đến người kê toa nên được kiểm soát bởi:
    15·1 answer
  • A _________ is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities
    13·1 answer
  • Dermody Snow Removal's cost formula for its vehicle operating cost is $3,030 per month plus $333 per snow-day. For the month of
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!