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
Molodets [167]
4 years ago
8

Crane Company purchased $1080000 of 8%, 5-year bonds from Swifty, Inc. on January 1, 2021, with interest payable on July 1 and J

anuary 1. The bonds sold for $1129896 at an effective interest rate of 7%. Using the effective interest method, Crane Company decreased the Available-for-Sale Debt Securities account for the Swifty, Inc. bonds on July 1, 2021 and December 31, 2021 by the amortized premiums of $3048 and $3192, respectively. At December 31, 2021, the fair value of the Swifty, Inc. bonds was $1164000. What should Crane Company report as other comprehensive income and as a separate component of stockholders’ equity? $40344
Business
1 answer:
nasty-shy [4]4 years ago
6 0

Answer: $27,864

Explanation:

The amount that should be recorded as other comprehensive income is the fair value less the sales price and the amortized premiums to reflect the true value of the investment,

= 1,164,000 - 1,129,896 - 3,048 - 3,192

= $27,864

$27,864 is the amount Crane Company should report as other comprehensive income and as a separate component of stockholders’ equity.

You might be interested in
According to ___________________, if the money supply grows at 6%, real gdp grows at 2%, and the velocity of money is constant,
IceJOKER [234]

The quantity theory of money predicts that the inflation rate will be 4% if the money supply increases by 6%, real GDP increases by 2%, and the velocity of money remains constant.

All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.

Governments issue coin and paper money supply through a mix of national treasuries and central banks. By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.

By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it. Because the money supply may have an impact on price levels, inflation, and the business cycle, both the public and private sectors conduct analyses. The most significant determining factor in the money supply in the United States is Federal Reserve policy. The term "money stock" also applies to the money supply.

Learn more about money supply here

brainly.com/question/24249291

#SPJ4

5 0
2 years ago
Which type of business offers the best chance for quick decision-making?
Marta_Voda [28]

Answer:

Explanation:

I think ether Corporation or Sole proprietorship

4 0
3 years ago
Read 2 more answers
You own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected retur
Charra [1.4K]

Answer:

11.2%

Explanation:

We need to calculate the weighted return of the portfolio. You have to multiply each stock's weight by the expected return.

  • Stock X = 0.30 x 9% (expected return) = 2.7%
  • Stock Y = 0.20 x 15% (expected return) = 3%
  • Stock Z = 0.50 x 11% (expected return) = 5.5%
  • weighted return of the portfolio = 2.7% + 3% + 5.5% = 11.2%

6 0
3 years ago
Angelina has again found herself frustrated at work. Her manager, for whatever reason, never makes a decision. If anything is to
hichkok12 [17]

Answer:

The correct option is E , laissez-faire

Explanation:

Option A,autocratic is not correct since the scenario painted an opposite scenario and autocratic approach to management means the manager tells the subordinates what to do.

Bureaucratic is when decision making is slow because many stakeholders are expected to jointly decide.

However,laissez-faire is an approach where subordinates are allowed to think out of the box and get tasks accomplished without manager's interference.

8 0
3 years ago
The ending inventory has 83,000 units, which are 100 percent complete for Department R costs. Required: a. Assume that Saline So
natima [27]

Answer:

Total unit cost                                   $8.80

Total Costs  Transferred out          $730,400  

Explanation:

In Process Costing we find the individual unit costs and total costs transferred by multiplying it with the equivalent no of units.

As the units are 100 percent complete the Equivalent units are 83,000 units for both materials and conversion.

Saline Solutions

Weighted-Average Process

Materials in Department S             $6.40

<u>Conversion costs Department S     $2.40</u>

<u>Total unit cost                                   $8.80</u>

Total No of units 83,000

<u>Total Costs           $8.80</u>

<u>Total Cost  Transferred Out         $730,400  </u>

<u />

Total Costs Transferred to Materials = $ 6.4 * 83,000=$ 531200

Total Costs Transferred to Conversion = $ 2.4 * 83,000=$ 199200

Total Costs Transferred= $ 531200+$ 199200= $ 730400

4 0
4 years ago
Other questions:
  • "Born and raised in India, Rashmi has always enjoyed Indian cooking. As a matter of fact, cooking was her passion and she always
    13·1 answer
  • Rachael James just took a job with IKEA. As part of her employment agreement, IKEA required Rachael to sign an agreement, which
    7·1 answer
  • Mo, Lu, and Barb formed the MLB Partnership by making investments of $67,500, $262,500, and $420,000, respectively. They predict
    15·1 answer
  • Dell Computer's primary consumer business takes orders from customers for specific configurations of desktop and laptop computer
    9·1 answer
  • When an automobile manufacturer is careful to purchase only the highest-quality components for use in production, this is an exa
    15·2 answers
  • The following costs relate to Tower Company:
    14·1 answer
  • Hi thereeeeeeeeeeeeeeeeeeee
    15·2 answers
  • During the proofreading task of the completion stage of a business message, be sure to
    12·1 answer
  • Which precaution should be taken to prevent cross contact?
    14·1 answer
  • Jasmine2720
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!