Complete Question:
Fair Value Adjustment Journal General Computation of fair value adjustment. Fair Value Adjustment Computation - Available for Sale Portfolio Cost Fair ValueUnrealized Verrizano Corporation bonds payable Preble Corporation notes payable Lucerne Company common stock Total $ 66,500 S 61,900 46,400 85,100 $ 208,400 $ 193,400 54,000 87,900 Fair Value Adjustment General Journal
Answer:
Dr Unrealized loss — Equity $15,000
Cr Available-For-Sale Securities $15,000
Explanation:
The difference of the cost and fair value of the portfolio gives us the loss of $15,000 which must be accounted for in accounting books as under:
Dr Unrealized losses $15,000
Cr Available-For-Sale Securities $15,000
Answer:
Expense & revenue summary a/c (credit balance) = $3500
Explanation:
1. Dr Expense & revenue summary 52500
Cr Sales discount 1500
Cr Sales return & allowance 3000
Cr Depreciation expense 25000
Cr Salaries expense 23000
(Close expenses to expense & revenue summary a/c)
2. Dr Sales 56000
Cr Expense & revenue summary 56000
(Close sales to expense & revenue summary a/c)
3. Dr Expense & revenue summary a/c 3500
Cr Retained earning a/c 3500
(To close expense & revenue summary a/c)
4. Dr Retained earning 2000
Cr Expense & revenue summary 2000
(Close dividend to expense & revenue summary a/c)d
<span>The legacy "high-3" retirement system for the uniformed services requires service members to serve 20 years of active duty.
The high-3 require its receivers give 'defined contribution', which include that they must complete various type of services for at least 20 years.</span>
Answer: 7.25%
Explanation:
To calculate this we will use the Constant Growth Model of calculating a Stock's price.
The formula is,
P = D1/(r-g),
where,
P is the current price,
D is the next dividend the company is to pay,
g is the expected growth rate in the dividend payment and
r is the required rate of return for the company.
We were given the Dividend Yield and with this can calculate the Stock Price.
The Dividend yield is the Dividend expressed as a percentage of Stock Price.
Making the stock price x with the next dividend at $1.54 we have
1.54 = 0.032x
x = 1.54/0.032
= $48.13
Now that we have the stock price we can plug it into the formula.
We also need to calculate the growth rate. Given that $1.48 was paid and $1.54 will be paid we can say,
g= 1.54 - 1.48
g= 0.06/1.48
= 4.05% is what it will take to grow $1.48 to $1.54
Now we can plug all these into the formula,
Making r the subject we have,
r = D1/P + g
= 1.54/48.13 + 0.0405
= 7.25%
The required rate of return on this stock is therefore 7.25%.
Answer:
E. Outbound logistics.
Explanation:
Outbound logistics is the process of designing, managing, and improving the movement of finished goods and works in process through the supply chain. In outbound logistics goods are stored, transported and distributed to the customers. There are two types of logistics, inbound and outbound. In inbound logistics, goods and materials move inside the organization while in outbound logistics the movement of the products is outside of the business. Outbound logistics is one of the important mechanism of the organization where they move their final products to the distributors, wholesalers and final consumers.