Business, 02.10.2019 03:10, maybeemmamay
On january 1, 2020, richards inc. had cash and common stock of $60,000. at that date, the company had no other asset, liability, or equity balances. on january 2, 2020, it purchased for cash $20,000 of debt securities that it classified as available-for-sale. it received interest of $3,000 during the year on these securities. in addition, it has an unrealized holding gain on these securities of $4,000 net of tax. determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2020).
Answers: 1
Business, 21.06.2019 23:00, liluv5062
The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
Answers: 3
Business, 22.06.2019 04:50, ernie27
Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?
Answers: 3
On january 1, 2020, richards inc. had cash and common stock of $60,000. at that date, the company ha...
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