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MAXImum [283]
3 years ago
9

Escanaba purchased five-year debt securities on 1/1/21, which it plans to hold until maturity. At 12/31/21, the market value is

2% lower than carrying value. How should Escanaba report the 2021 unrealized loss?
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer:

Escanaba should report their investment as held to maturity securities, therefore, they must be reported as non-current assets (since they mature in more than 1 year). Generally HTM securities are reported at their amortized cost.

This means that any change in their market price (gains or losses) will not be reported in the balance sheet nor the income statement.

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Which action is most likely to result in an increase in the money supply?
NISA [10]

Answer:

The discount rate on overnight loans is lowered.

Explanation:

The action that is most likely results in an increase in the money supply is (C) which is the discount rate on overnight loans is lowered.

Discount rates are used to determine today's value of money paid or received. In other words the discount rate for financial institutions is the rate of return that they will experience when they re-paid the loans that they granted to other institutions. The discount rate allows the central bank of a country to control money supply in circulation this is done by either lowering the interest rate or increasing it.  

5 0
3 years ago
Selling inventory costing $93,000 for a selling price of $111,000 to customers on account (to be received at a later date) would
Lera25 [3.4K]

Answer:

D. Debit to COGS for $93,000

Explanation:

The following two journal entries are to be recorded in the accounts on the sale of inventory.

                                                  Debit              Credit

Revenue                                    $111,000                                                

Accounts receivable                                        $111,000

Cost of Goods sold                    $93,000                  

Inventory                                                            $93,000      

So based on the above discussion, the answer is D. Debit to COGS for $93,000

3 0
3 years ago
Tuity Fruity Beverage​ Company's operating activities for the year are listed below. Purchases ​$140 comma 700 Operating expense
blsea [12.9K]

Answer:

The cost of goods sold for the​ year is $134,300

Explanation:

The cost of goods sold for the​ year = Beginning inventory + Merchandise Purchased - Ending inventory

Tuity Fruity Beverage​ Company's purchases ​$140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.

Therefore:

The cost of goods sold for the​ year = $12,600 + $140,700 - $19,000 = $134,300

3 0
3 years ago
Although labor is typically viewed as a variable cost in the very short run, some labor costs may be fixed. Which of the followi
marissa [1.9K]

Answer: C. A salaried manager who has a three-year employment contract

Explanation: Fixed costs are costs that remain the same for a long period of time, fixed costs do not vary easily they are the same over a long run, mostly constant through out the contract period or throughout the life of the business entity.

Variable costs are costs which vary from time to time, labor costs such as hourly payment for employees or worker they are paid according to the hours they put it.

the salaried manager receives the same salary over a long period of time which can be up to three years as the option clearly stated.

7 0
3 years ago
Very recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can
puteri [66]

Answer:

C. Technological forces

Explanation:

Technology is the invention from applied sciences or engineering research, which in this case has lead to the reduction of the cost of RFID tags

6 0
3 years ago
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