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3 years ago

Unrealized holding gains or losses which are recognized in income are from debt securities classified as

Business

1 answer:

Serga [27]3 years ago

3 0

Answer:

Trading.

Explanation:

In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.

Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.

However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.

Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.

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The following data from the just completed year are taken from the accounting records of Mason Company: Sales $ 524,000 Direct l

Katyanochek1 [597]

Answer:

Cost of Goods Available Sold $ 265,000

Adjusted Cost of Goods Sold $ 255,000

Net Income $ 66,000 

Explanation:

 Mason Company: 

Cost Of Goods Schedule

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Mason Company:

Cost Of Goods Schedule Adjusted

Inventories Beginning Raw materials $ 7,000

Raw material purchases $ 118,000

Inventories Ending Raw materials $ 15,000

Direct Materials Used $ 110,000

Direct labor cost $ 70,000

Manufacturing overhead applied to work in process $ 90,000

Total Manufacturing Costs $ 270,000

Add Work in process Inventories Beginning $ 10,000

Cost of Goods Available For Manufacture $ 280,000

Less Work in process Inventories Ending $ 5,000

Cost of Goods Manufactured $ 275,000

Add Finished goods Inventories Beginning $ 20,000

Cost of Goods Available For Sale $ 295,000

Less Finished goods Inventories Ending $ 35,000

Cost of Goods Available Sold $ 265,000

Less Over Applied Overhead $ 10,000

Adjusted Cost of Goods Sold $ 255,000

Over applied overhead is deducted to get the actual Cost of Goods Sold.

Mason Company:

Income Statement

Sales $ 524,000

Less

Adjusted Cost of Goods Sold $ 255,000

Gross Profit $ 269,000

Less Selling expenses $ 140,000

Administrative expenses $ 63,000

Net Income $ 66,000 

5 0

3 years ago

The produces computers and sells them to . At the same time produces cars and sells them to the . Suppose there is an appreciati

Elanso [62]

Correct/Complete Question:

The United States produces computers and sells them to Russia. At the same time, Russia produces cars and sells them to the United States. Suppose there is an appreciation in the dollar. This will cause:

Answer:

increase in imports into the United States and decrease in exports to Russia will occur, which will cause a decrease in aggregate demand and real GDP

Explanation:

Aggregate demand is the total demand for a good or service in an economy at a given time. Real GDP on the other hand can be defined as an inflated value of goods and services in an economy at a certain period of time. An inflation of the dollar will increase imports into the united states as it would decrease the exports to Russia. This because the appreciation of the dollar will affect the prices of both computers and cars. And as such will

6 0

3 years ago

Which of the following is a likely way the cost of living in another country

Anit [1.1K]

The correct answer is D

7 0

3 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

satela [25.4K]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

7 0

3 years ago

A manager checked production records and found that a worker produced 160 units while working 40 hours. In the previous week, th

alukav5142 [94]

Answer:

A. 4; 3.83 units per hour

B. Increases by 4.44%.

Explanation:

Given that,

Current period:

Output = 160 units

Input = 40 hours

Previous period:

Output = 138 units

Input = 36 hours

A. Current period productivity:

= Current period output ÷ Current period input

= 160 units ÷ 40 hours

= 4 units per hour

Previous period productivity:

= Previous period output ÷ Previous period input

= 138 units ÷ 36 hours

= 3.83 units per hour

B. Percentage change in worker's productivity:

= [(change in productivity) ÷ Previous period productivity] × 100

= [(4 - 3.83) ÷ 3.83] × 100

= (0.17 ÷ 3.83) × 100

= 0.0444 × 100

= 4.44%

Therefore, the worker's productivity increases by 4.44%.

3 0

3 years ago