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Sever21 [200]
2 years ago
14

On January 1, 2021, Everglade Company purchased the following debt securities and properly accounted for them as securities avai

lable-for-sale: Security Cost Fair Value, 12/31/2021 ABC $ 40,000 $ 55,000 DEF 72,000 65,000 XYZ 16,000 20,000 All declines in value are considered temporary. What amount should the Everglade Company report relative to these securities in its 2021 statement of other comprehensive income
Business
1 answer:
hammer [34]2 years ago
4 0

Answer:

Unrealized gain = $12,000

Explanation:

Security    Cost A     Fair value B    Unrealized amount (B-A)

ABC          $40,000    $55,000                 $15,000

DEF           $72,000    $65,000                -$7,000

XYZ           $16,000     $20,000                 <u>$4,000</u>

                                                        Total    <u>$12,000</u>

So, the unrealized gain to be recorded is $12,000

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The function y= -6(x - 5)2 + 12 shows the daily profit (in hundreds of
tino4ka555 [31]

Answer:

D. Interpretation: The zeros are where the daily profit is $0.00

zeros: x = 3.586 and x = 6.414

Explanation:

We have been given the following daily profit function;

y=-6(x-5)^{2}+12

where y is the profit (in hundreds of  dollars) of a taco food truck

and x the price of a taco (in dollars)

The zeros of this profit function can be obtained by solving for x in the following equation;

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The zeros are where the daily profit is $0.00

These zeros can be evaluated graphically. We first obtain the graph of the profit function as shown in the attachment below;

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