Answer:
An unrealized holding gain of $28 million in 2019.
Explanation:
At the financial year-end, the company have to reevaluate the investment to recognize the gain or loss.
If the fair value is higher than actual investment, the company gain and vice versa it lost.
In this scenario, the fair value adjustment = the valuation on 31st December – purchased value = $150 million - $132 million = $28 million.
Because this step is just an approach to record new valuation of investment, then it’s consider unrealized.
In short, Phillips Corporation should first update the fair value adjustment of $28 million on December 31 2021
Answer: Correct answer is D. Overselling
Explanation:
It’ll be annoying. People just want to hear about the product and what it does.
I think it'd D: Mortgage interest and property taxes.
Answer:
$22,780
Explanation:
The computation of the total amount of indirect manufacturing cost incurred is shown below:
= Variable manufacturing overhead + fixed manufacturing overhead
where,
Variable manufacturing overhead = Number of units produced × variable manufacturing overhead per unit
= 4,600 units × $1.30
= $5,980
Fixed manufacturing overhead = Number of units produced and sold × fixed manufacturing overhead per unit
= 5,600 units × $3
= $16,800
So, the total indirect manufacturing cost is
= $5,980 + $16,800
= $22,780
Answer:
$146,105.22.
Explanation:
First, find the monthly interest rate from an effective rate of 6%
Rate = (1.06) ^ (1/12) - 1 = 0.00486755
Present value = 1692 [1 - (1.00486755) ^ - (180-100)] / 0.00486755 = 111,894.78
At closing = 258,000 - 111,894.78 = $146,105.22
