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galben [10]
3 years ago
15

The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and

Business
1 answer:
GaryK [48]3 years ago
8 0

Answer and Explanation:

The journal entry is shown below:

Unrealized Loss - Income ($3,000 - $2,800) $200

       To Fair value adjustment - trading $200

(being the adjustment to fair value for trading securities is recorded)

Here the unrealized loss would be debited and the fair value adjustment would be credited

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Darian has a gourmet cupcake business and needs a website to compete with the other bakeries in his area. He has a Google My Bus
CaHeK987 [17]

Answer:

When you claim your business profile on Google, you will find an option of creating a website.

After claiming your profile, sign in to Google my business account.

Select the location you want to manage (if you have multiple locations).

Click on the website menu to create your website on Google.

A website created at Google is suitable for small businesses and would help Darian for its gourmet cupcake business.

Explanation:

When you claim your business profile on Google, you will find an option of creating a website.

After claiming your profile, sign in to Google my business account.

Select the location you want to manage (if you have multiple locations).

Click on the website menu to create your website on Google.

A website created at Google is suitable for small businesses and would help Darian for its gourmet cupcake business.

3 0
3 years ago
L Corporation produces and sells 15,100 units of Product X each month. The selling price of Product X is $21 per unit, and varia
swat32

Answer:

If Product X is discontinued, the company’s overall net operating income would: increase by $61,600

Explanation:

                                          Not drop        Drop       Difference

Sales                                   317,100                           317,100

(15100*21)

Less: Variable expenses   <u> 226,500</u>                         <u>226,500 </u>

(15,100 * 15)

Contribution margin            90,600                          90,600

Less: fixed expenses          <u>101,000</u>       72,000      <u>29,000 </u>

Net operating income      <u>-$10,400</u>                         <u>$61600</u>

<u></u>

Conclusion: If Product X is discontinued, the company’s overall net operating income would: increase by $61,600

8 0
4 years ago
A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that
Tju [1.3M]

A partner <u>cannot</u> be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that gave rise to the obligation.

<h3>What is partnership?</h3>

Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally. Additionally, there is the so-called "silent partner," when one party does not participate in the day-to-day management of the company.

  • An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.
  • All partners in a general partnership corporation split the company's assets and debts equally.
  • Lawyers and other professionals frequently create limited liability partnerships.

A partnership may have tax advantages over a corporation.

To learn more about partnership from the given link:

brainly.com/question/22848646

#SPJ4

8 0
2 years ago
Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of
Gnoma [55]

Answer:

Explanation: see attachment below

6 0
3 years ago
"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the
LuckyWell [14K]

Answer: $9,000

Explanation:

Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.

Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.

1% of the outstanding 900,000 shares is;

= 1% * 900,000

= 9,000 shares

This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.

3 0
4 years ago
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