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Nady [450]
2 years ago
12

On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $77 million at par and classified the securit

ies as available-for-sale. On December 31, 2021, these bonds were valued at $72 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $93 million.
As part of the multistep approach to record the 2022 transaction Jefferson Corporation should next take the second step of:________

a. Reversing total accumulated unrealized holding gains of $25 milion.
b. Reversing total accumulated unrealized holding gains of $18 milion
c. Reversing total accumulated unrealized holding gains of S7 million
d. Reversing total accumulated unrealized holding gains of $11 milion
Business
1 answer:
olga2289 [7]2 years ago
4 0

Answer:

a

Explanation:

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Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each
scoray [572]

Answer:

$3,445

Explanation:

Starlight Company has inventory of 8 units at a cost of $200 each on October 1.

On October 2, it purchased 20 units at $205 each.

11 units are sold on October 4.

Using the LIFO perpetual inventory method, the value of inventory after the October 4 sale will be:

Date   Particulars                    Unit   Cost  Balance

Oct 1  Beginning inventory     8     $200

Oct 2 Purchases                   20    $205    28

Oct 4 Sales                             11     $205    17

The 17 units are made up of the balance of 9 from the purchases on Oct 2, and the 8 units of opening inventory.

Hence the value of inventory after the sale is (9 x $205) + (8 x $200) = $3,445

- $3,485.- $3,445.- $3,500.- $3,472.- $3,461.

4 0
3 years ago
Read 2 more answers
Read Zoom Video Communications and discuss how Zoom Video Communications illustrate the sources of service sector growth by comm
Eduardwww [97]

Zoom Video Communications is a platform that allows communication via the internet in real time, being a facilitating tool for business.

<h3 /><h3>How does innovation impact business?</h3>

It allows internal and external improvements to be incorporated, such as the digital age for example, which through the internet has revolutionized the way business can be carried out, with real-time communication regardless of geographic location.

Demographic changes are also a process resulting from the innovations that made globalization possible, making multicultural environments and businesses more focused on diversity.

Therefore, information technology was the factor that simplified the business sector by enabling greater reliability and speed in processes, generating more competitiveness for industries.

Find out more about Information Technology here:

brainly.com/question/984271

6 0
2 years ago
Havasu Off-Road Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are t
Vadim26 [7]

Answer:

                                       Northeast               Southwest

                                   Rene       Steve        Colleen     Paul

Sales Price                 $15,500  $16,000    $14,000   $18,000

Less: Variable costs:

COGS                         $9,300   $8,000      $8,400     $9,000

Commission               <u>$1,240    $1,920       $1,400      $1,440</u>

Contribution Margin  $4,960   $6,080      $4,200     $7,560

(Sales Price - Variable costs)

CM Ratio                       32%         38%          30%           42%

(Contribution Margin / Sales )

Explanation:

Contribution margin is the net of sale amount and variable cost. It is the amount of return available to recover the fixed cost and make profit from after that for the business.

Contribution margin ratio is the rate of contribution margin to the sales value of the given product.

4 0
3 years ago
Consumer surplus is equal to the difference between.
77julia77 [94]

Answer:

Consumer surplus is equal to the difference between the total amount that consumers are willing to pay for a good or service and the total amount that they actually pay.

5 0
2 years ago
Fatima works in a bakery and earns $120 per week. Fatima’s grandfather has given her $5,000. Fatima is going to use this money t
Brums [2.3K]

1). The four factors that would be involved in Fatima's bakery business would be:

  • Land or the place where she would prepare and pack the cakes.
  • Labor who would be involved in the production of the cakes.
  • Capital that would be invested to incur the costs of the production.
  • Entrepreneurship is the 'art of employing innovation and risk-taking in the business for making profits.'

2). The opportunity cost of Fatima's decision to run her own bakery business would be her weekly earning of $120 per week as it is the cost of the most valuable forgone opportunity.

3). Fatima's business would assist the customers in meeting their 'wants' as she assists them in fulfilling their special and personalized demands for cakes for their various occasions like weddings, festivals, or birthdays and not for regular meals.

Learn more about 'opportunity cost' here:

brainly.com/question/13036997

6 0
3 years ago
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