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gizmo_the_mogwai [7]
3 years ago
7

On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Amotized Cost Market value Mann Co. $1

0,000 $8,000 Kemo, Inc. $9,000 $10,000 Fenn Corp. $11,000 $9,000 $30,000 $27,000 The Mann investment is classified as held-to-maturity, while the remaining securities are classified as available-for-sale. Ott does not elect the fair value option for reporting financial assets. Ott's December 31, Year 1, balance sheet should report total marketable debt securities as
Business
1 answer:
Ahat [919]3 years ago
7 0

Answer:

$29,000

Explanation:

The Held-to-maturity securities to be carried at amortized cost

The available-for-sale & trading securities to be carried at fair value (FV).

Therefore, the investment portfolio is reported at the following amounts:

Mann Co.   $10,000 (Cost)

Kemo, Inc.  $10,000 (Fair value)

Fenn Corp. $9,000 (Fair value)

Total           $29,000

So, Ott's December 31, Year 1, balance sheet should report total marketable debt securities as $29,000

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A food handler is prepping a seafood coconut curry dish on april 4 using shrimp and scallops. the shrimp has a use-by date of ap
fgiga [73]

The correct answer would be April 8.

Explanation:

A food handler or a chef is prepping a seafood coconut curry dish on April 4. This dish uses shrimps and scallops as ingredients. Shrimps has an use by date of 8th April, and the scallops has the use by date of 10th April. So now the use by date of seafood coconut curry needs to be determined.

It is very simple to determine the use by date of seafood coconut curry. The use by date of both ingredients would be seen, and the use by date of any product which is earlier than use by date of the other, would be set as the use by date of the seafood coconut curry.

So the use by date of shrimps is April 8, so the use by date for the seafood coconut curry would be April 8 too, otherwise due to the expiration of the shrimps on April 8, the whole food will be wasted.

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6 0
3 years ago
Jones Corp. reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet. The curren
Dovator [93]

Answer:

Acid-test (quick) ratio=0.76642

Explanation:

Given Data:

Current Assets=$193,000

Current Liabilities=$137,000

Cash=$62,000

Accounts receivable=$43,000

Inventory=$88,000

Required:

Acid-test (quick) ratio=?

Solution:

Quick Assets=Cash+Accounts receivable

Quick Assets=$62,000+$43,000

Quick Assets=$105,000

Acid-test (quick) ratio=Quick Assets/Current Liabilities

Acid-test (quick) ratio=$105,000/$137,000

Acid-test (quick) ratio=0.76642

5 0
4 years ago
when a manufacturer sells its products directly to consumers, it engages in which two supply-chain activities?
fiasKO [112]

Based on components of Supply Chain Management, when a manufacturer sells its products directly to consumers, it engages in <u>Source</u> and <u>Delivers</u> supply-chain activities.

This is because Supply Chain activities is divided into five components.

The Source component is how firms or companies look for buyers, vendors, or consumers to buy their products directly.

Also, the Deliver component is by which the company delivers the products purchased by vendors, buyers, or consumers directly to them without intermediaries.

Other components of Supply Chain activities include the following:

  • Plan;
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  • Return

Hence, in this case, it is concluded that the correct answer is <u>Source</u> and <u>Deliver</u>.

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8 0
2 years ago
A tax on real estate or personal property
ollegr [7]
A tax in real state.
6 0
3 years ago
Read 2 more answers
Prahm Corp. wants to raise $4.4 million via a rights offering. The company currently has 500,000 shares of common stock outstand
Pavel [41]

Answer:

price for selling 3000 share right is $25060.87

Explanation:

Given data:

Total Amount raised=   $4,400,000  

Spreading rate = 6%

Subscription price =   $20 per share

Number of share owned by company = 500,000

Per share cost  = $45

Totals share own in the company = 3000

subscription price after deducting spreading rate = 20\times (1 -0.06) = $18.80

Now, Right share = \frac{4400000}{18.8} = 234,043

Right price is calculated as

Right price = ((Number of share held * market price) + (Right share *Right price))/( Number of share held + Right share)

plugging all value in above relation

                 = \frac{500000 \times 45 + 234043\times 18.8}{500000 + 234043}

Right share = $36.65

single right value = 45- 36.65 = $8.35

Price for 3000 share right = 8.35 *3000 = $25060.86

6 0
3 years ago
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