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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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Accountants at Idle Time Gaming, Inc. work with state-of-the-art systems that create financial statements every day, but the int

Monica [59]

Answer:

<h2>One important advantage of the departmentalization of any functional area in any business organisation is that the specialized employees in the specific department can coordinate and work together in any particular project or function within the department.This can remarkably enhance work quality and improve employee performance in the organisation.Hence,the correct answer is option A. in this case.</h2>

Explanation:

Departmentalization of organisational departments essentially leads to specialization of organisational functions and activities.Such specialization should be supported and facilitated by proper coordination and teamwork of the respective employees.This can essentially lead to a better professional concentration and expert involvement which not only enhances the quality of departmental projects or activities but guarantees smooth and timely completion of the group projects within the respective departments.In this case,if the concerned financial,managerial and tax accountants can be grouped together according to their respective areas of specialization,it would lead to a better professional communication among the experts and develop a cooperative work environment.This is a crucial precondition for developing and maintaining a smooth and effective work coordination and flow within the respective employees in any business organisation.

6 0

3 years ago

Last year Attic charged $2,334,667 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new dep

olga nikolaevna [1]

Answer:

Note: The correct option is a. Increase Net Cash from operations.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Increase Net Cash from operations

b. Decrease Net Cash from operations on the Cash Flow Statement

c. No impact on Net Cash from operations

d. Just impact the Balance Sheet

The explanation of the answers is now provided as follows:

Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.

Therefore, the correct option is a. Increase Net Cash from operations.

6 0

2 years ago

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo

k0ka [10]

Answer:

Wingate Company

1. Contribution format income statement segmented by divisions:

Company East Central West

Sales $ 1,500,000 $350,000 $620,000 $530,000

Variable expenses 655,500 154,000 241,800 259,700

Contribution margin 844,500 $196,000 $378,200 $270,300

Traceable fixed expenses 819,000 294,000 329,000 196,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (84,500) $(98,000) $49,200 $74,300

2. Decrease in net operating loss = $45,200

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales $ 1,500,000

Variable expenses 655,500

Contribution margin 844,500

Fixed expenses 929,000

Net operating income (loss) $ (84,500)

Additional data:

Division East Central West

Sales $ 350,000 $ 620,000 $ 530,000

Variable expenses as

a percentage of sales 44 % 39 % 49 %

Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000

Implementation of the proposal:

Sales for West = $604,200 ($530,000 * 1.14)

Traceable fixed expenses for West = $225,000 ($196,000 + 29,000)

Contribution format income statement segmented by divisions:

Company East Central West

Sales $ 1,574,200 $350,000 $620,000 $604,200

Variable expenses 655,500 154,000 241,800 259,700

Contribution margin 918,700 $196,000 $378,200 $344,500

Traceable fixed expenses 848,000 294,000 329,000 225,000

Non-traceable fixed expenses 110,000

Net operating income (loss) $ (39,300) $(98,000) $49,200 $119,500

Decrease in net operating loss = $45,200 ($84,500 - 39,300)

5 0

3 years ago

A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $

zalisa [80]

Answer:

563.4 cents

Explanation:

A margin call occurs when the margin of an investment falls bellow the maintenance margin.

In this problem, the production costs for 5,000 bushels are given by:

$Margin = Price*units -Cost\\\$1,500=\$5.714*5000 - Cost\\Cost = \$27,070$

The price per bushel that yields a margin of $1,100 is:

$\$1,100=Price*5,000- \$27,070\\Price =\$5.634=563.4\ cents$

You will receive a margin call at a price of 563.4 cents per bushel.

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3 years ago

The following transactions are for Crane Company. 1. On December 3, Crane Company sold $513, 500 of merchandise to Sheridan Co.,

serg [7]

Answer:

a) December 3, 202x, merchandise sold to Sheridan Co., terms 3/10, n/30

Dr Accounts receivable 513,500

Cr Sales revenue 513,500

Dr Cost of goods sold 318,300

Cr Merchandise inventory 318,300

December 8, merchandise allowance

Dr Sales returns and allowances 24,700

Cr Accounts receivable 24,700

December 13, invoice collected from Sheridan Co.

Dr Cash 474,136

Dr Sales discounts 14,664

Cr Accounts receivable 488,800

b) January 2, invoice collected from Sheridan Co.

Dr Cash 488,800

Cr Accounts receivable 488,800

3 0

3 years ago