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Y_Kistochka [10]
3 years ago
9

On December 29, 2022, James Company sold a debt security that had been purchased on January 4, 2021. James owned no other debt s

ecurities. An unrealized holding loss was reported in the 2021 income statement. A realized gain was reported in the 2022 income statement. Was the debt security classified as available-for-sale and did its 2021 market price decline exceed its 2022 market price recovery
Business
1 answer:
labwork [276]3 years ago
7 0

Answer: No; No.

Explanation:

A debt security is referred to as a debt that can be either purchased or sold in the market between the parties involved before such debt matures.

In this scenario, we should note that the debt security was not classified as available-for-sale and also the 2021 market price decline did not exceed more than the 2022 market price recovery.

Therefore, the answer is No; No

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Sadie and sam share income equally. for the current year, the partnership net income is $40,000. sadie made withdrawals of $14,0
stira [4]
First calculate sam's share income
40000/2=20000

sam's capital account balance at the end of the year is
sam capital - withdrawals + share income
58,000−15,000+20,000
=63,000

So the answer is 63000

Hope it helps!
6 0
3 years ago
A General Power bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity of 7%. (Assume an
Mamont248 [21]

Answer:

bondholders will receive 8% of $1,000 = $80

Explanation:

The price of the bond varies depending on the yield to maturity, resulting in higher or lower gains for bondholders, but the actual cash amount received will always be equal to the coupon rate.

The same applies to the issuer of the bond, it may receive more or less money depending on the market rate, which increases or decreases interest expense, but the amount of money paid is always the coupon rate.

8 0
3 years ago
If a product costs £80 to manufacture and a 15% mark-up is added, the price at which the product will be sold is:​
Yanka [14]

Answer:

92£

Explanation:

80 * 1.15 = 92

3 0
3 years ago
Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $116.00 as monthly rental and $45.00 monthly
ruslelena [56]

Answer:

The restaurant earned a profit of $1145.56 which is approximately $1146

Explanation:

the formula is given as:

Q x (sale price – material cost) – ( rental + insurance)/day - loss

Q = 200

Sale price = $10

Material cost = $4

rental = $116

insurance = $45

lost sale expense = $4

day = 25

increased demand = 212

= 200(10 - 4) - (116 + 45)/25 - (212 - 200)4

= 200(6) - 6.44 - 48

= 1200 - 6.44 - 48

= $1145.56

<em>This is approximately $1146</em>

3 0
4 years ago
A competitive firm sells its output for $50 per unit. Assume that labor is the only input that varies for the firm. The marginal
noname [10]

Answer:

the value of the marginal product of labor is $500

Explanation:

The computation of the value of the marginal product of labor is shown below:

= MRP × price per unit

= 10 units × $50 per unit

= $500

hence, the value of the marginal product of labor is $500

We simply applied the above formula

5 0
3 years ago
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