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fredd [130]
3 years ago
7

At December 31, 2021, Hull-Meyers Corp had the following onvestments that were purchased during 2021, its first year of operatio

ns​
Business
1 answer:
trasher [3.6K]3 years ago
7 0
At December 31, 2021, Hull-Meyers Corp. had the following investments that were purchased during 2021, its first year of operations: Amortized cost Fair Value Trading Securities: Security A Security B 954,000 940,000 145,000 139,200 $1,085,000 $1,093,200 Totals Securities Available-for-Sale: 816,000 956,600 Security C Security D $ 740,000 940,000 $1,772,600 Totals $1,680,000 Securities to Be Held-to- Maturity: Security E Security F $ 530,000 655,000 $ 540,800 649,200 $1,185,000 $1,190,000 Totals No investments were sold during 2021. All securities except Security D and Security F are considered short-term investments. None of the fair value changes is considered permanent. Required: Complete the following table. (Amounts to be deducted should be indicated with a minus sign.) Reported on Balance Sheet Unrealized gain (loss) included in: as: Other Comprehensive Comprehensive Income (OCI) Total Noncurrent Net Income Current assets (/S) assets Income Trading Securities Security A 0 Security B Securities Available-for-Sale 0 Security C $ 0 Security D $ 0 Securities to be Held-to-Maturity Security E $ 0 Security F $ 0 0$ $ $ 0 0 Totals
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The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,00
AlladinOne [14]

Answer:

A. 4.3

B. 2.4

Explanation:

(a) Calculation to determine ratio of fixed assets to long-term liabilities

Using this formula

Ratio of fixed assets to long-term liabilities =Fixed assets (net)/Long-term liabilities

Let plug in the formula

Ratio of fixed assets to long-term liabilities= $860,000 /$200,000

Ratio of fixed assets to long-term liabilities=4.3

Therefore Ratio of fixed assets to long-term liabilities is 4.3

(b) Calculation to determine ratio of liabilities to stockholders' equity

Using this formula

Ratio of liabilities to stockholders' equity=Liabilities/Total stockholders’ equity

Let plug in the formula

Ratio of liabilities to stockholders' equity=$600,000 /$250,000

Ratio of liabilities to stockholders' equity=2.4

Therefore ratio of liabilities to stockholders' equity is 2.4

7 0
3 years ago
In 2007, five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their pr
NeX [460]
Five or six major pharmaceutical companies formed a group in order to control the price of vitamins and adjust their production in the year of 2007. This kind of organization is an example of cartel. A cartel is an organization shaped from a official arrangement among a group of manufacturers of a good or service to standardize supply in an exertion to regulate or manipulate prices. In addition, a cartel is an assortment of otherwise independent businesses or countries that serve together as if they were a single producer and are able to fix values for the goods they manufacture and the services they render in deprived of competition.
4 0
3 years ago
A contractor estimated that his 10-men crew could complete the construction in 110 days if there was no rain. (Assume the crew d
Pepsi [2]

Answer:

option (B) 5

Explanation:

Given:

Estimated number of men required if no rain = 10

Number of days required in there is no rain = 110

Number of days with rain = 5

Number of people hired after the 61st day = 6

Therefore,

Total man-days required = 10 × 110 = 1100

Total Man-days before 61st day

= (60 days - number of days with rain ) × Initial number of men

= ( 60 - 5 ) × 10

= 550

let the number of days it rained after day 60 be 'n'

Thus,

Man-days worked after 61st day

= Total number of men after 61st day × ( 100 days - 60 days - x )

=  16 × (40 - n)

also,

Total man-days required = Total Man-days before 61st day + Man-days worked after 61st day

or

1,100 = 550 + 16 × ( 40 - n )

or

550 = 640 - 16n

or

n = 5.625

therefore,

It rained for 5 days

option (B) 5

8 0
3 years ago
What is a graphic description of a process, showing the sequence of process tasks, which is developed for a specific purpose and
borishaifa [10]
The correct answer is:  [C]:  "business process model" .
_______________________________________________________
8 0
3 years ago
Brickhouse is expected to pay a dividend of $3.15 and $2.46 over the next two years, respectively. After that, the company is ex
fenix001 [56]

Answer: $32.70

Explanation:

According to the dividend discount model, the value of the stock today is the present value of the dividends to be paid plus the present value of the value of the dividend from when the company starts maintaining a stable growth rate which in this question in year 2.

= (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))

Value at year 2 = Year 3 dividend / ( required return - growth rate)

= ( Year 2 dividend * (1 + g)) / ( required return - growth rate)

= (2.46* ( 1 + 0.039)) / ( 0.113 - 0.039)

= $34.54

Value today = (Year 1 Dividend / ( 1 + r)) + (Year 2 Dividend / ( 1 + r)²) + (value at year 2 / ( r - g))

= 3.15/1.113 + 2.46/1.113² + 34.54/1.113²

= 2.83 + 1.99 + 27.88

= $32.70

7 0
3 years ago
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