Answer:
Journal Entry
Explanation:
The Journal entry is shown below:-
Unrealized Holding Gain or Loss Dr, $360,000
To Estimated Liability on Purchase Commitment $360,000
(Being unrealized Holding Gain or Loss is recorded)
Working note:-
= $1.92 million - $1.56 million
= $360,000
So, at the end of the current fiscal year we simply debited Unrealized Holding Gain or Loss and credited Estimated Liability on Purchase Commitment.
Answer:
A. A
Explanation:
Location A is best suited for the management. Location A offers Excellent Labor climate, Utilities and Markets. It is fair in Quality of Life and Taxes. The best possible alternative is location A for the management of biotech research company.
Answer:
He will have $102,979 in his retirement account in 10 years.
Explanation:
Annual Payment = $2,000
Number of Year = n = 10
Interest rate = i = 5%
Compounded Quarterly
Future value after 10 years
FV = A [ ( ( 1 + ( r / m )^mt ) - 1 / ( r / m )
FV = $2,000 [ ( ( 1 + ( 0.05 / 4 )^40 ) - 1 / ( 0.05 / 4 )
Future value = $102,979
So, Ira Schwab will have $102,979 in his retirement account in 10 years.
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