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serious [3.7K]
3 years ago
13

Cullumber Company reported the following information for 2020: Sales revenue $2410000 Cost of goods sold 1751000 Operating expen

ses 284000 Unrealized holding gain on available-for-sale securities 85600 Cash dividends received on the securities 10900 For 2020, Cullumber would report comprehensive income of
Business
1 answer:
Debora [2.8K]3 years ago
6 0

Answer:

$85,600

Explanation:

The computation of the comprehensive income is shown below:

It is not a part of the income statement. It is a gain or loss i.e. unrealized. It could be unrealized gain or loss on the bonds or investments, gain or loss while doing foreign currency transaction etc

Therefore in the given situation, the comprehensive income should be equivalent to the unrealized holding gain i.e $85,600

The same is to be considered

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3 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
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Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

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b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

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c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

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4 years ago
For any competitive market, the supply curve is closely related to the a. firms’ costs of production in that market. b. interest
Keith_Richards [23]

Answer:

The correct answer is option a.

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The cost of production, on the other hand, depends upon the price of inputs used in the process of production.  

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Explanation:

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4 years ago
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