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Kobotan [32]
3 years ago
13

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $75 million at par and classified the securit

ies as available-for-sale. On December 31, 2021, these bonds were valued at $68 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $86 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should next take the second step of:
Business
1 answer:
Anon25 [30]3 years ago
8 0

Answer:

$11 million gain

Explanation:

As part of the multi step approach to record the 2022 transaction, Jefferson Corporation should next take the second step of: Recording a sales transaction with a gain of the amount of $11 million which is Calculated as:

Gain= Bonds purchased $75 million at par - Bonds sold $86 million

Gain=$11 million

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Finance balance sheet: KneeMan Markup Company has total debt obligations with book and market values equal to $30 million and $2
crimeas [40]

Answer:

$98 million

Explanation:

Kneeman markup company has a total debt obligation with a book value of $30 million

The market value is $28 million

The total equity has a book value of $20 million and a market value of $70

Therefore, the price that you should be willing today can be calculated as follows

Debt obligation market value+total equity market value

= $28 million + $70 million

= $98 million

Hence the amount that you should be willing to pay today is $98 million

4 0
4 years ago
How could you learn more about these occupations? (Job shadowing, part-time jobs, extended learning opportunities, courses at sc
Luba_88 [7]

There are several things that help when you want to learn more about jobs or occupations:

1) Research.

-Research can help with a lot of things. There are many websites that would be very beneficial if you look up your topic!

2) Ask.

-Asking or even interviewing someone with experience in your topic is another great way to learn about something! If you ask them, they would be more than happy to help you and you can still learn!

3) Volunteer.

-Volunteering is another great way to learn about your job field! Volunteers learn about different things that the job requires you to do and it’ll add value to your resume!

Hope this helps!

5 0
3 years ago
Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.
creativ13 [48]
<span>Mort's grandfather had his business strategy, in other words, his own principles, which he put it as ''you pay me when you can, I ain't goin' nowheres''. Mort mentions that cash flow is very important. Indeed, he</span> needs to develop a short-term forecast, which is a prediction of revenue, costs, and expenses for a period of a year or less. 
6 0
3 years ago
In 2019, Aurora received a $25,000 bonus computed as a percentage of profits. In 2020, Aurora’s employer determined that the 201
kherson [118]

Answer:

<em>Answers are explained below in the explanation part.</em>

Explanation:

(a) In 2019, Aurora is required to add $25000 income because this was the amount that was transferred initially to employee from the employer.

(b) In 2020, Aurora can claim a deduction of $2800 (8000*35% = 2800). Now in 2020, Aurora will not be given reduction in taxes as she has claim amount due from taxes which she claimed of the extra taxes charged in year 2019.

6 0
4 years ago
Jeff's Stereos is expanding its product offerings which includes increasing the floor inventory by $150,000, increasing accounts
Illusion [34]

Answer:

$310,000

Explanation:

The computation of the projected initial cash flow is shown below:

Project's initial cash outflow= Increased inventory + increased accounts receivable - increased debt + spending amount for the expansion of the size of the showroom

= $150,000 +  $35,000 -  $75,000 +  $200,000

= $310,000

We simply applied the above formula to find out the initial cash flow

3 0
3 years ago
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