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Leviafan [203]
3 years ago
7

At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at

market value of $57,320 with a cumulative unrealized loss of $12,350. What was the historical cost of the debt securities available for sale?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

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A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $19,000 indicates that
Xelga [282]

Answer:

Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.

Explanation:

Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.

  • Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750
  • Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250
8 0
3 years ago
Globalization Multiple Choice has greatly improved living standards around the world. has significantly reduced living standards
nekit [7.7K]

Answer:

The correct answer is letter "A": has greatly improved living standards around the world.

Explanation:

Globalization refers to the tendency of increasing the use of technology in mankind's lifestyle to bring down barriers and shorten distances. Globalization has had a major influence in the change of businesses since, for instance, labor is not offered within the barriers of the region where a company operates only, buyers and sellers do not need to physically meet anymore to exchange goods or services, and countries every time take more advantage of international trade to request goods necessary to satisfy their inhabitants' needs.

<em>In such a scenario it is clear to conclude that the standards of human beings around the world have been boosted by globalization.</em>

7 0
3 years ago
For the purpose of allocating the transaction price to multiple performance obligations, if a stand-alone selling price cannot b
Svetllana [295]

For the purpose of allocating the transaction price to multiple performance obligations, if a stand-alone selling price cannot be directly observed, the seller should  estimate the stand alone price by seeing all the things that maximizes the use of observable inputs.

Seller must apply different estimation methods which are consistent to  similar circumstances of the not availability of stand alone price.

Different  methods which can be used for estimating the stand-alone selling price of a good or service include the following:

Expected cost plus margin

Adjusted market assessment

Residual value.

To know more about transaction price here:

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4 0
1 year ago
___involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.
garri49 [273]

Determining the budget involves allocating the overall cost estimate to individual work items to establish a baseline for measuring performance.

Your net income serves as the cornerstone of an efficient budget. Your take-home pay is the sum of your income or salary less tax and employer-sponsored benefits like retirement plans and health insurance. Focusing on your gross pay instead of your net pay may drive you to overspend because you'll believe you have more money accessible than you actually have. Keep thorough records of your contracts and compensation if you're a freelancer, gig worker, contractor, or self-employed to help manage erratic revenue. Finding out where your money is going comes after determining how much you have coming in.

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8 0
1 year ago
When the formal regime in the country of Zoalia collapsed, the growth of many entrepreneurial firms was facilitated by informal
Blababa [14]

Answer:

The answer is D) informal constraints increasing uncertainty for managers and firms in situations where formal constraints  are unclear.

Explanation:

When you don´t have formal restraints and the same rules that apply for all, uncertainty among managers and their firms will increase.

This is a clear example of corruption taking place in a country where formal institutions or governments have collapsed or have been overthrown and the "new leaders" benefit from the situation. In this case the companies or firms which are "friendly" to the new government will flourish because no formal institutions or constraints remain. Instead they are replaced by informal constraints setup to favor specific firms and companies. That means that the "new leaders" may establish new rules for the companies or firms to follow at their will in order to favor whoever they want.

This may benefit the "new leaders" and their "friends" but it hurts all the other companies and firms. In order for a company to keep on doing business as usual, or get a new contract or license, it will probably need to become friends with the new regime and that usually means payments and other types of bribes.    

8 0
3 years ago
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