Answer:
The predicted value of sales is $75,037,500.
Explanation:
Given:
Q = 875 + 6XA + 15Y - 5P ……………………..(1)
Where:
Q = quantity sold = ?
XA = Advertising = $100,000
Y = Income = $10,000
P = Price = $100
Substituting the values into equation (1), we have:
Q = 875 + (6 * 100,000) + (15 * 10,000) - (5 * 100)
Q = 750,375
Therefore, we have:
Predicted value of sales = Q * P = 750,375 * $100 = $75,037,500
Therefore, the predicted value of sales is $75,037,500.
This answer to this quest is job analysis
Answer:
a. Fair Value Adjustment 28,000 Unrealized Holding Gain or Loss-Income 28,000
Explanation:
The journal entry is as follows
On December 31, 2018
Fair Value Adjustment A/c Dr
To Unrealized Holding Gain or Loss-Income A/c
(Being the unrealized holding gain or loss is recorded)
The computation is shown below:
= Valued of an equity portfolio - cost - debit balance of securities fair value
= $160,000 - $132,000 - $8,000
= $20,000
