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Sever21 [200]
3 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]3 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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Delaware Corp. prepared a master budget that included $18,225 for direct materials, $28,800 for direct labor, $15,400 for variab
Brut [27]

Answer:

$19,440

Explanation:

The computation of the direct material cost is shown below:

But before that first we have to determine the per unit which is given below

= Total direct material cost ÷ planned selling units

= $18,225 ÷ 4,050 units

= $4.5

And, the actually selling units is 4,320 units

So, the direct material cost is

= Per unit cost × actually selling units

= $4.5 × 4,320 units

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We simply multiplied the per unit with the actually selling units so that the direct material cost could come

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3 years ago
What rate of output is appropriate for a nonprofit corporation (such as a hospital)?
Tanya [424]

Answer and Explanation:

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3 0
3 years ago
In september of 1985, the british music industry reports that paul's beatles song ______________ has been broadcast over four mi
Alborosie

Answer:

"Yesterday"

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8 0
4 years ago
Home Products common stock sells for $36.84 a share and has a market rate of return of 15.8 percent. The company just paid an an
SOVA2 [1]

Answer:

E) 10.95%

Explanation:

Hi, in order to find the "g" or growth rate of this common stock, we need to solve the following equation.

P=\frac{Do(1+g)}{r-g}

Where:

P = Price

g = growth rate

r = market rate of return

Do = last dividend

So, we solve like this

P(r-g)=Do(1+g)

P*r-P*g=Do+Do*g

P*r-Do=Do*g+P*g

P*r-Do=g(Do+P)

\frac{P*r-Do}{Do+P} =g

And now we will have to work with its equivalent numbers

\frac{36.84*0.158-1.61}{1.61+36.84} =g

So, g = 10.95%

Best of luck.

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4 years ago
Did yall know Kanye West was running for president?
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3 years ago
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