The following are the transactions for the month of July.

Read the spreadsheet formula below, then answer the question.

Licemer1 [7]

Answer: The correct answer is choice d - =A6 * 2

Explanation: The cell formula in spreadsheets are relative, so when you fill the formula from one row to the row below, it will also change the cells that it is pointing to in the formula down one row. In this case, when the formula B5 = A5 * 2 is filled to cell B6, then it will change to A6 * 2.

8 0

3 years ago

The following information shows Carperk Company's individual investments in securities during its current year, along with the D

melamori03 [73]

Answer:

a. See the table below.

b. Debit Fair value adjustment - Available-for-sale for $47,981; and Credi Unrealized gain - Debt for $47,981.

Explanation:

1. Identify whether each investment should be classified as a short-term or long-term investment. For each investment, indicate in which of the six investment classifications it should be placed.

This can be done as follows:

No. Types of investment Classification of investment

a. Long-term investment Debt investment held to maturity

b. Long-term investment Equity method investments 20%-50%

c. Long-term investment Available for sale dbt securities

d, Long-term investment Available for sale dbt securities

e. Short-term investment Stock investment <20%

2. Prepare a journal entry dated December 31 to record the fair value adjustment for the portfolio of available-for-sale debt securities. Carperk had no available-for-sale debt securities prior to this year.

The journal entries will look as follows:

General Journal Debit ($) Credit ($)

Fair value adjustment - Available-for-sale 47,981

Unrealized gain - Debt (w.1) 47,981

(To record the fair value adjustment for the portfolio of available-for-sale debt securities).

Workings (w.1):

No Fair Value ($) Cost ($) Gain (loss) ($)

A B C = A - B

a. 453,116 416,850 36,266

c. 184,240 170,909 13,331

d. 93,426 95,042 (1,616)

Total  730,782   682,801   47,981 

7 0

3 years ago

Although many people believe that the only academic path after high school is a college degree if you want to get a good job, th

bazaltina [42]

Get a job apprenticeships

6 0

3 years ago

Read 2 more answers

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 4, and t

Andrew [12]

Answer:

a. 21 percent

b. -20 percent

c. -8 percent

d. -8 percent

Explanation:

Own price elasticity = -3

Income elasticity = -2

Advertising elasticity= 4

Cross price elasticity = -2

Formula for elasticity is given by,

$Elasticity = \frac{Percentage change in Quantity}{Percentage change in factor}$

a. When price of good X decreases by 7 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in own price}$

$-3 = \frac{Percent change in quantity}{-7}$

$Percent change in quantity = (-3) * (-7) = 21$

Thus, as price decreases by 7% quantity rises by 21%.

b. The price of good Y increases by 10 percent.

$Corss- price elasticity = \frac{Percent change in quantity}{Percent change in Price of good Y} \\ -2 = \frac{Percent change in quantity }{10} \\Percent change in quantity = (-2) * (10) \\ = -20$

Thus, as price of good Y increases by 10 percent, demand for good X falls by 20 percent.

c. Advertising decreases by 2 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in advertising} \\4 = \frac{Percent change in quantity }{-2} \\Percent change in quantity = (-2) * (4) \\ = -8$

Thus, a 2 percent decline in advertising will lead to a 8 percent fall in quantity of good X.

d. Income increases by 4 percent.

$Income elasticity = \frac{Percent change in quantity }{Percent change in income}\\-2 = \frac{Percent change in quantity}{4} \\Percent change in quantity = (-2) * (4) \\ = -8\\$

Thus, when income increases by 4 percent, quantity decreases by 8 percent.

5 0

2 years ago

Your son, Jason, left his skateboard at the bottom of your basement stairs. While going downstairs, you stepped on the skateboar

Zepler [3.9K]

Answer:

$1,000

Explanation:

No fault insurance basically protects you and your family from small accidents by paying your medical bills regardless of who is at fault. This type of policies applies to car or house insurance.

In this case, the accident was caused by Jason but since who is responsible is not important in this type of policy, then it should cover up to its maximum limit.

7 0

3 years ago