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Oduvanchick [21]
3 years ago
13

Bonita Industries received $108000 in cash and a used computer with a fair value of $384000 from Carla Vista Co. for Bonita Indu

stries's existing computer having a fair value of $492000 and an undepreciated cost of $461700 recorded on its books. The transaction has no commercial substance. How much gain should Bonita recognize on this exchange, and at what amount should the acquired computer be recorded, respectively
Business
1 answer:
Svetradugi [14.3K]3 years ago
6 0

Answer:

$30,300 and $384,000

Explanation:

The computation of the gain and the amount should acquired is shown below;

The gain is

= Fair value - undepreciable cost

= $492,000 - $461,700

= $30,300

And, the amount at which the computed should be recorded is equivalent to the fair value i..e $384,000

The same is considered and relevant

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You anticipate your firm will need 20,000 bushels of oats in December so you hedged your position today at the closing price whe
guapka [62]

Answer:

The answer is "2,040".

Explanation:

Since in the event the company needs the oats, it should take a long position today to hedge them. As indicated throughout the question, the price of the halftime show was set, and the present settling price of 218.50 cents was $2,1850. Moreover, the industry wants 20,000 boxes with oats and the next claim is 5,000, and that is why 4 agreements (20000/5 000) occupy a longer time. So the actual market price of $228.70, i.e. $22870, is 228.70 so hedging would have the corresponding profit/loss:

Gain/Loss = \text{(Market price on the date of settlement - Futures price at the date of booking)} \times Quantity\  hedged

= (2.2870- 2.1850)\times 20000  \\\\          = 0.102 \times 20000     \\\\       = 2040

8 0
3 years ago
After a tsunami washed over Hilo, Hawaii and surrounding towns it damaged thousands of boats, there was a growing demand for boa
irakobra [83]

Answer:

Letter A

the demand would be represented by boat owners wanting boat repairs, while supply is represented by boat body shops and glass repair and replacement companies.

Explanation:

A "supply" refers to providing goods to people. Most of the time, these goods are what people want. A "demand" refers to the desire of a consumer to purchase a good or a service.

In the situation above, the tsunami damaged thousands of boats. So, this means that the demand for "boat repairs"<em> will increase</em>. Such repairs will be accommodated by a supply of goods and services offered by <em>boat body shops, glass repairs and replacement companies.</em>

So, this explains the answer.

5 0
3 years ago
Evaluate three ways in which employment will minimize emotional stress<br>​
evablogger [386]

Answer:

Employment allows you to provide for yourself and your family. With employment, you are likely to have your basic necessities covered, like food, utilities and housing.

Employment makes you feel useful in some way, makes you feel as a contributing member of society, a feeling that helps you increase your feelings of self-worth.

Finally, employment helps you plan ahead for the future. If the employment pays well, or if you manage to spend less than you earn, employment allows you to save money, which is the first step in building a personal equity.

5 0
3 years ago
When small changes in price lead to infinite changes in quantity demanded, demand is perfectly
aleksley [76]

Answer:

correct answer is Option D

Explanation:

Option D - elastic, and the demand curve will be horizontal.

The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer

6 0
3 years ago
Which of the following statements regarding earnings per share​ (EPS) is​ incorrect?A.EPS reports the amount of income​ (loss) f
Ray Of Light [21]

Answer:

A. EPS reports the amount of income​ (loss) for each share of the​ company's issued common stock.

Explanation:

As we know that

Earning per share (EPS) is

= (Net income - preference dividend) ÷ (Number of outstanding shares)

According to this, the d option is correct also the b option and c are correct as it represents if there is an income from continuing operations  so it should be reported in the income statement and it is most widely used for all the business

But the last option is not correct as earning per share reports the income or loss for each and every share based on the outstanding common stock

Hence, the option A is not correct

4 0
3 years ago
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