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Step2247 [10]
2 years ago
5

On January 10, Year 1, Wayne, Inc., purchased 5,000 of Jason bonds at $60 par per bond. The purchase is a long-term investment a

nd is appropriately reflected in Wayne's balance sheet in an available-for-sale securities portfolio at December 31, Year 1. The fair value of Wayne's investment in Jason's bonds are as follows: Fair value Date Per bond Total December 15, Year 1 $47 $235,000 December 31, Year 1 46 230,000 On December 15, Year 1, Wayne determined that the decline in the fair value was attributed to credit loss. What amount should Wayne record as a loss in its income statement for the year ended December 31, Year 1?
Business
1 answer:
Phantasy [73]2 years ago
4 0

Answer:

$70,000 loss

Explanation:

the carrying value at December 31, Year 1 = 5,000 shares x $60 per share = $300,000

the fair market value at December 31, Year 1 = 5,000 shares x $46 per share = $230,000

realized loss/gain = fair market value - carrying value = $230,000 - $300,000 = -$70,000 or $70,000 loss

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I got 2 that’s what I got
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1 year ago
The improvement in the value of the objective function per unit increase in a right-hand side is the a. sensitivity value. b. du
SVETLANKA909090 [29]

Answer:

dual price

Explanation:

According to my research on economics, I can say that the improvement in the value of the objective function per unit increase in a right-hand side is referred to as the dual price. This strategy is used by most businesses as a way of taking market shares away from their competitors.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
2 years ago
How has globalization contributed to the need for diversity awareness in our organizations?
amid [387]

Answer and explanation:

Globalization has lowered barriers among countries. From a computer, people in remote parts of the world can access to information about attracting countries that offer job positions matching their skills. Some of them are qualified employees that contribute to foreign entities to improve thanks to their diverse experience. Of course, firms have noticed this fact and are more conscious nowadays that overseas employees can play a key role in achieving their objectives. That is the reason why they have started to open up positions especially for qualified immigrants.

3 0
1 year ago
g The following facts are known: • The total pounds needed for production are 2 times the units to be produced. • The desired en
OLEGan [10]

Answer and Explanation:

The Preparation of direct material budget is shown below:-

                      Direct Material budget  

Particulars                            Amount              

Units to be produced          $90,000   Y

Material per unit                      2  

Total pounds needed for

production M                    $180,000 2Y

Add: Desired ending Direct

Material Inventory 20%    $36,000 (.2 × 2Y = .4Y)

Total Material requirement $216,000 (2.4Y )

Less: beginning Raw material

Inventory                             $9,000  (.1Y)

Material to be purchased

Account                             $207,000 (2.3Y)

Cost per pound C               $5

Total cost of direct Material

Purchases A                        $1,035,000  

2Y + .4Y - .1Y = $207,000

Y = $207,000 ÷ 2.3               $90,000

8 0
2 years ago
Given a stock index with a value of $1,200, an anticipated dividend of $45, and a risk-free rate of 6%, what should be the value
kramer

Answer: $1,227

Explanation:

The value of the futures contract should be calculated by the formula;

= Stock Index Value * ( 1 + risk free rate ) - dividends

= 1,200 * ( 1 + 0.06) - 45

= $1,227

8 0
1 year ago
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