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Nonamiya [84]
3 years ago
5

On 1/2/20X6, ALPHA acquired 100 shares of CHARLIE Corporation stock at $20 per share, 200 shares of DELTA Corporation stock at $

40 per share, and 100 shares of ECHO Corporation stock at $30 per share. All of these shares were purchased as trading securities. The market price per share of these securities at the end of 20X6 and 20X7, respectively, are:
company 12/31/x6 12/31/x7

charlie $8 $22

delta. $38 $34

echo. $34 $30

What is the balance sheet amount for trading securities at the end of 20x7?
Business
1 answer:
aev [14]3 years ago
7 0

Answer:

The balance sheet amount for trading securities will be 12,000

Explanation:

The trading securities are valued at fair value, their diference through dates will generate Other Comprehensive Income.

For the matter of valuation, the gain/loss is not relevant. We just need to multiply market value with the number of shares to get the total for each company, then we add them to get the total for trading securities.

\left[\begin{array}{cccc}-&shares&market \:price& subtotal\\CHARLIE&100&22&2200\\DELTA&200&34&6800\\ECHO&100&30&3000\\Total&400&-&12000\\\end{array}\right]

The balance sheet amount for trading securities will be 12,000

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Bingel [31]

Answer:

In that country, the productivity of the average worker

  • C) increased by 6.25 percent between 1998 and 2008.

Which of the following statements best describes the scenario?

  • A) This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons.

Explanation:

worker productivity in 1998 = 40 units / 25 hours = 1.6 units per hour

worker productivity in 2008 = 68 units / 40 hours = 1.7 units per hour

therefore, worker productivity increased by (1.7 - 1.6) / 1.6 = 0.0625 or 6.25%

Regarding the second question, this happens all the time. Politicians live in an alternate reality world, they choose to believe that their ideas are facts and that everyone else doesn't know better about any topic in the world. And this doesn't only happen to Trump, it happens everywhere and in every single country.

6 0
3 years ago
The role of the entrepreneur in society is to bring the factors of production together and take the risks of producing output. r
tatuchka [14]

Answer:

bring the factors of production together and take the risks of producing output.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

In conclusion, when the aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

3 0
2 years ago
Give the meaning and important aspects of the process of globalisation.​
kherson [118]

Answer:

Globalization by definition is that process that the business or n organisation begins to operate on an international standards.It involves interactions amongst individuals , institution and even the government.

There are 4 basic aspects of globalization

1.Dissemination of knowledge.

2.Migration and movement

3.Capital and investment movement

4.Trade and transctions.

Explanation:

1.in the first point , we view globlisation as a measure in the changes of the human heritage by the aspect of knowledge.people's world wide ideologies are disseminated by varoious means far and wide, in the whole world.

2.Globalization has caised movement, through migrationa socioeconomic as well as the political relations is created along the borders.Movement has caused people to be more difficult to controlband also people have been dislocated.

3.These terms are commonly used to describe the economy .capitalism is the private ownership as opposed to ownership by the government.

4.Trade and teansactions has caused tremendous improvements across the globe, in a way, it has led creating jobs, increaeing thw workers salaries amongst other factors .conversely , trade transactions has caused social disruptions and as a result number of businesses are lost.

6 0
3 years ago
Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Pro
vlada-n [284]

Answer:

The mark up percentage on total cost is 13%.

Explanation:

Mark up percentage on total cost refers to the profit as a percentage of the total cost.

Therefore, the mark up percentage on total cost can be calculated using the following formula:

Mark up percentage on total cost = (Desired profit / Total cost) * 100 ......... (1)

Where;

Desired profit = $143

Total cost = $1,100

Substituting the values into equation (1), we have:

Mark up percentage on total cost = ($143 / $1,100) * 100 = 0.13 * 100 = 13%

Therefore, the mark up percentage on total cost is 13%.

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KATRIN_1 [288]

Answer: im not sure don't use my answer.

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