Answer:
I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.
The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.
Explanation:
Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.
Trader A enters into futures contracts to buy 1 million euros for 1.1 million dollars in three months. Trader B enters in a forward contract to do the same thing. The exchange rate (dollars per euro) declines sharply during the first two months and then increases for the third month to close at 1.1300. Ignoring daily settlement, what is the total profit of each trader
Answer:
$30,000
Explanation:
The total profit for each trader (ignoring daily settlement) = $1,000,000 * (1.1300-1.1000)
Total profit for each trader = $1,000,000 * 0.03
Total profit for each trader = $30,000
The following data are given for a period (all amounts are in dollars): Raw (direct) materials: 1,000 at beginning, 1,500 at end Work-in-process: 3,000 at beginning, 2,400 at end Finished goods 6,000 at beginning, 9,300 at end Purchase of raw (direct) material: 4,000 during period Direct labor: 5,000 Manufacturing overhead: 7,000 The amount of total manufacturing cost for the period is:
Answer:
$17,500
Explanation:
Give that
Direct raw materials at the beginning = $1,000
End work in process =$3,000
Beginning work in process = $3,000
End finished goods = $2,400
Beginning finished goods = $6,000
Total manufacturing cost = (Direct materials + Direct labor + Overhead applied) + Beginning work in process inventory - Ending work in process inventory
= ($4,000 + $5,000 + $7,000) + $3,000 - $1,500
= $17,500
The ___ is the unique blend of product, distribution, promotion, and pricing strategies designed to produce mutually satisfying exchanges with a target market.
Answer:
GDP is the unique blend of product .according to social studies
Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a balance of $35,000. During the year, Miko's share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko's partner return on equity
Answer: 20.4%
Explanation:
The following information can be gotten from the question:
Beginning equity = $35,000
Ending equity = $35,000 + $7,500 - $4,000 = $38,500
Average equity = ($35,000 + $38,500)/2
= $73,500/2
= $36,750
Miko's partner return on equity will now be:
= $7,500/$36,750
= 0.2041
= 20.4%
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $54,000 Direct labor 60,000 Factory overhead 36,000 Work in process inventory, April 1 46,000 Work in process inventory, April 30 39,000 Finished goods inventory, April 1 23,000 Finished goods inventory, April 30 14,000Required:a. For April, determine the cost of goods manufactured.b. a. For April, determine the cost of goods sold.
Answer:
a. Cost of Goods Manufactured = $157,000
b. Cost of goods sold = $166,000
Explanation:
Manufacturing Cost Schedule
Direct Material $54,000
Direct labor $60,000
Factory overhead $36,000
Add Opening Work in process inventory $46,000
Less Closing Work in process inventory ($39,000)
Cost of Goods Manufactured $157,000
Finished Goods Account
Debit :
Opening Finished goods inventory $23,000
Cost of Goods Manufactured $157,000
Totals $180,000
Credit :
Closing Finished goods inventory $14,000
Cost of goods sold (Balancing figure) $166,000
Totals $180,000
A car manufacturer is considering locating an assembly plant in your region. List two simple, two intermediate, and two complex problems associated with this proposal from your perspective.
Answer:Explanation:
simple problems
a. it could bring about issues of traffic congestion
b. it could also cause pollution problems in the area.
intermediate problem
a. the car manufacturer may not be allowed to site such a project of large scale as this in the region
b. the region may not be an economiCally favourable place. the car manufacturer has to check this before going ahead.
complex problem
a. getting suitable workforce with required skills to work
b. Getting storage space for vehicles that have been manufactured.
Selected information regarding a company's most recent quarter follows (all data in thousands). Ending work in process inventory $540 Manufacturing overhead $840 Cost of goods manufactured $1,420 Beginning work in process inventory $410 Direct labor $470 What was the cost of direct materials used for the quarter?
Answer:
Cost of direct materials used for the quarter is = $240
Explanation:
Given that
Ending work in process inventory = $540
Manufacturing overhead = $840
Cost of goods manufactured = $1,420
Beginning work in process inventory = $410
Direct labor = $470
To calculate the cost of raw materials used for the quarter, we will make use of the formulae below.
Cost of goods manufactured = beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
$1,420 = $410 + Direct materials + $470 + $840 - $540
Direct materials = $240
Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,170,000 that is currently appraised at $1,370,000. The equipment originally cost $650,000 and is currently valued at $397,000. The inventory is valued on the balance sheet at $340,000 but has a market value of only one-half of that amount. The owner expects to collect 98 percent of the $190,200 in accounts receivable. The firm has $11,400 in cash and owes a total of $1,370,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? Multiple Choice $1,464,996 $1,124,996 $764,796 $934,796 $567,000
Answer: $764,796
Explanation:
The market value will use the current appriased values as well as recoverable accounts.
Building = $1,370,000
Equipment = $397,000
Inventory = Half of $340,000 = $170,000
Accounts receivable = 98%* 190,200 = $186,396
Cash = $11,400
Debt = $1,370,000
Market Value = Assets - Liabilities
= 1,370,000+ 397,000 + 170,000 + 186,396 + 11,400 - 1,370,000
= $764,796
Which of the following transactions are counted in GDP? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Patricia receives a Social Security check. unanswered Molly buys a used car. unanswered Kerry buys a new sweater to wear this winter. unanswered Nayana sells $1,000 of General Electric stock. unanswered Jasmine buys a new car. unanswered Roberto gives his daughter $50 for her birthday.
Answer:
Kerry buys a new sweater to wear this winter.
Jasmine buys a new car.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
The purchase of the sweater and the purchase of the new car constitutes consumption spending and it would be added as part of GDP.
The cash gift and Social Security check are transfer payment s and would not be included as part of GDP
Gross domestic product is the total sum of ultimate goods and services produced in an economy within a given period which is typically a year.
Gross domestic productGDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + When the govt spending + Net export After that Net export = exports – imports.
Items not included within the calculation of GDP includes: the services not rendered to oneself activities not reported to the govt.
It's illegal activities and also sale or purchase of used products.
Sale or purchase of intermediate products.
Kerry buys a brand new sweater to wear this winter.
Jasmine buys a brand new car.
The purchase of the sweater and therefore the purchase of the new car constitutes consumption spending and it might be added as a part of GDP.
Therefore, the cash gift and social insurance check are outlays and wouldn't be included as a part of GDP.
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13. T F A high standard deviation generally means that the data points are widely
scattered from the mean.
Answer:
True.
Explanation:
Standard deviation can be defined as a quantity used to determine or measure how much a set of values differs from the mean value.
A high standard deviation generally means that the data points are widely scattered from the mean while a low standard deviation generally means that the data points are closely related to the mean or average value.
Property rights protect businesses by:
A. setting a minimum price on all goods in an industry.
B. ensuring that the government cannot regulate their actions.
C. providing them with emergency loans from the government.
D. preventing competitors from copying their products.
Property rights protect businesses by preventing competitors from copying their products. Thus, option D is correct.
What is a Property right?Property rights are frequently defined as the ability to keep something, like land or a car, and get rid of it whenever one pleases. This, therefore, is but one component of private property than emphasizes the sole right to possession.
There are only three ways to safeguard intellectual property: through patents, registrations, or rights. A patent protects a given product design, a service mark a word, phrase, or pattern, and even a copyright protects a piece of writing.
This will give them an added benefit when it comes to the product. Also, this will help in earning more profit or revenue as they will be the only person who will be responsible for selling that kind of product.
Therefore, option D is the correct option.
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Emily Casper earns a weekly salary of $785. How much will she make after four weeks?
Answer:
$3140
Explanation:
It is given that,
Weekly salary of Emily Casper is $785. We need to find her earning after 4 weeks. It is a type of question based on the unitary method.
1 week = $785
4 week = 4 × $785
= $3140
Hence, her salary after 4 weeks is $3140.
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $975. Fragmental collected the entire $7,800 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
Answer:
Debit to Unearned Rent
Credit to Rent Earned for $2,925
Explanation:
Given:
Amount of total rent = $7,800
Computation:
Amount unearned = Amount of total rent (3months / 8 months)
Amount unearned = 7,800 [3/8]
Amount unearned = $2,925
Journal entry:
Unearned rent A/c Dr $2,925
Rent A/c Cr $2,925
[Debit to Unearned Rent
Credit to Rent Earned for $2,925]
What makes BOSE speakers and products do good? In your discussion, explain why high quality products and services are the most profitable What compels people to pay the huge cost for these products compared to other least costly goods and services? Analyze one other student's post concerning quality goods and services.
Answer & Explanation :
Reasons of Bose speakers' & products' goodness
Excellent Design - Best suitable for major premium 'willing to pay' customers Supply - Exceptionally capable suppliers Manufacturing - Updated & superior quality technologies, based on intense research & developmentHigh quality products & services outshine in market for following reasons:
The proportionate higher quality is sold at much higher relative price. These goods become 'ostentation' (status symbol) goods, are bought not only for their increased value, but also for prestige. Rejection based repair & rework is minimum. This synergises internal processes & increases cost efficiency.So, high prices & cost efficiency imply - high profitability for such high quality products.
Depreciation expense on factory equipment is part of factory overhead cost.
A. True
B. False
Answer:
True
Explanation:
Factory overhead costs are costs incurred by a firm during production that cannot be traced to a particular product.
They include :
Depreciation expense on factory equipment Supervisor salaryElectricity cleaningEconomic resources are the natural, human, and technological inputs used to produce goods and services. natural, technological, and manufactured inputs used to produce goods and services. natural, human, and manufactured inputs used to produce goods and services. technological, human, and manufactured inputs used to produce goods and services. b. Economists classify resources as labor, land, human capital, and entrepreneurs. labor, land, real capital, and entrepreneurs. labor, land, financial capital, and entrepreneurs. labor, resources, real capital, and entrepreneurs. c. Because economic resources are used to produce goods and services, they are called (Click to select) .
Answer and Explanation:
A. Economic resources can be defined as the natural, human, and manufactured inputs that are used in the production of goods and services.
B. These resources are also referred to as factors of production as they fall within the factors of production such as land, labour, capital and entrepreneur. They are useful in the production process of goods and services.
C. They are called inputs. As inputs they are used in the production process and at the end of it all they bring about output for the producer.
When Ryan joined a technology firm, he made a good impression quickly by beating his sales goals repeatedly. His success allowed him to move up in the company quickly. After moving several times to start his own sales teams within the firm, Ryan took on the coveted role of enterprise account representative four years after graduating from college. Which benefit of sales experience and understanding the sales process does this example best represent
Answer:
Make a meaningful contribution quickly.
Explanation:
Sales process refers to the template followed by marketers which originates from finding prospects to the last stage where the customers purchase a product. It is very important that marketers have a proper understanding of the sales process and good experience in sales as it would help them to make meaningful contributions to the organization they serve.
When they join an organization armed with these helpful skills, they would not struggle to make sales. This would help them rise quickly in the firm and exceed their goals. Ryan had a proper understanding of the sales process and this helped him to succeed in the technology firm.
Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Material $6 Labor 4 Overhead 3 $13 Beginning inventory at these costs on July 1 was 12,100 units. From July 1 to December 1, Convex produced 27,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting. a. Assuming that Convex sold 29,000 units during the last six months of the year at $20 each, what would gross profit be?
Answer:
Gross profit= $135,400
Explanation:
Giving the following information:
12,100 units:
Material $6
Labor $4
Overhead $3
Total $13
27,00 units:
Material $10
Labor $4
Overhead $3
Total $17
Convex sold 29,000 units during the last six months of the year at $20 each.
First, we need to calculate the cost of goods sold. Under the FIFO (first-in, first-out) method, the COGS is calculated using the cost of the first units sold.
COGS= 12,100*13 + 16,900*17= $444,600
Now, the gross profit:
Gross profit= 29,000*20 - 444,600
Gross profit= $135,400
Who reports the official United States unemployment rate?
1. Unemployment collection offices.
2. The U.S. Bureau of Labor Statistics.
3. U.S. Federal Reserve.
4. Craig from Craigslist.
Answer:
definitely 4. Craig from Craigslist
Explanation:
1. This problem asks about opportunity costs in different situations. a. You get a jump on your holiday shopping in July and buy a Hatchimal toy for $40, planning to give it to your child. In December, Hatchimals suddenly become incredibly popular, so that you could get $400 (after any taxes and fees) from selling yours. What is the opportunity cost of giving the toy to your child
Answer:
the $400 you would have earned if you sold the toy
Explanation:
Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If you didn't give the toy to the child, you could have sold it for $400. Selling the toy is the next option and thus, it is the opportunity cost
Which of the following accounts will NOT normally have a zero balance after the closing entries have been posted?
A. Income Summary
B. Fees Income
C. The owner's capital account
D. Rent Expense
The city of Jacksonville, Florida is issuing $100,000,000 of general obligation bonds paying interest on January 1st and July 1st of each year until maturity. The dated date of the issue is June 1, 2020. The first payment will be made on January 1st, 2021. A bondholder purchases the issue at the offering. The first interest payment is a(n):
Answer: Odd first interest payment
Explanation: The Interest paid on the first installment is a odd first Interest payment. Such scenario comes into play when a loan with a fixed installment payment date, which is 6 months in this case (January 1st and July 1st), begins on a date which does not allow the immediate use to f this regular payment schedule. Hence, the odd first Interst payment is adopted in other to enable the lender cove r the initial period before beung able to use the usual regular payment schedule. In this case the odd first Interest schedule is between June 1st to January 1st. After which regular payment schedule commences on July 1st.
Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 12 percent.Year Project F Project G0 –$ 126,000 –$ 196,000 1 64,500 44,500 2 45,500 59,500 3 55,500 85,500 4 50,500 115,500 5 45,500 130,500 Required:(a) Calculate the payback period for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)Payback period Project F years Project G years(b) Calculate the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)Net present value Project F $ Project G $ (c) Which project should the company accept?
The payback period for project F is 2.29 years and the payback period for project G is 4.06 years.
The NPV for project F is $65,277 and the NPV for project G is $99,473.93.
The company should choose project G.
What is the payback period?
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback for project G:
Amount invested: -196,000
Amount recovered in year 1 : 44,500 - 196,000 = -151,500Amount recovered in year 2 : -151,500 + 59,500 = - 92,000Amount recovered in year 3 : - 92,000 + 85,500 = -6500Amount recovered in year 4 : -6500/ 115,500 = 0.06Payback period = 4.06 years
Payback for project F:
Amount invested: -126,000Amount recovered in year 1 : 64500 - 126,000 = -61,500Amount recovered in year 2 : -61,500 + 45,500 = -16,000Amount recovered in year 3 : -16,000 / 55,500 = 0.29Payback period = 2.29 years
What is the NPV ?Net present value is the present value of after-tax cash flows from an investment less the amount invested. When choosing between projects that have a positive NPV, choose the project with the higher NPV first because it is the most profitable.
NPV can be calculated using a financial calculator
Project F:
Cash flow in year 0 = –$ 126,000Cash flow in year 1 = 64,500Cash flow in year 2 = 45,500Cash flow in year 3 = 55,500Cash flow in year 4 = 50,500Cash flow in year 5 = 45,500I = 12%npv = $65,277
Project G:
Cash flow in year 0 = -196,000 Cash flow in year 1 = 44,500Cash flow in year 2 = 59,500Cash flow in year 3 = 85,500 Cash flow in year 4 = 115,500 Cash flow in year 5 = 130,500I = 12%NPV =$99,473.93
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n December , General Electric (GE) had a book value of equity of billion, billion shares outstanding, and a market price of per share. GE also had cash of billion, and total debt of billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value?
Answer:
a. GE's market capitalization = 276.60 billion; and GE's market-to-book ratio = 2.85.
b. GE's book debt-equity ratio = 2.08; and GE's market debt-equity ratio = 0.73
c. GE's enterprise value = $374.26 billion
Explanation:
Note: This question is not complete as all its data are omitted. The complete question is therefore provided before answering the question as follows:
In December 2015, General Electric (GE) had a book value of equity of $97.1 billion, 9.2 billion shares outstanding, and a market price of $30.06 per share. GE also had cash of $103.9 billion, and total debt of $201.7 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value?
The explanation to the answer is now provided as follows:
a. What was GE's market capitalization? What was GE's market-to-book ratio?
Calculation of GE's market capitalization
Market capitalization = Number of shares outstanding * market price per share = 9.2 billion * $30.06 = 276.60 billion
Calculation of GE's market-to-book ratio
Market-to-book ratio = Market capitalization / Book value of equity = $276.552 billion / $97.1 billion = 2.85
b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio?
Calculation of GE's book debt-equity ratio?
Book debt-equity ratio = Total debt / Book value of equity = $201.7 billion / $97.1 billion = 2.08
Calculation of GE's market debt-equity ratio
Market debt equity ratio = Total debt / Market capitalization = $201.7 billion / $276.46 billion = 0.73
c. What was GE's enterprise value?
Enterprise value = Market capitalization + Total debt - cash = $276.46 billion + $201.7 billion - $103.9 billion = $374.26 billion
what do inflation rates measure
Answer:
The speed with which general prices are rising
Explanation:
Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded. Inflation means a selected basket of goods will cost more this period than it did in the previous season.
The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation. A moderate level of inflation is required to promote spending and sustain favorable economic growth
The following is summary of information presented on the financial statements of a company on December 31, 2015. Account 2015 2014 Current Assets $88,000 $74,000 Accounts Receivable 61,000 72,000 Merchandise Inventory 64,000 60,000 Current Liabilities 52,000 46,000 Long−term Liabilities 40,000 51,000 Common Stock 70,000 54,000 Retained Earnings 66,000 45,000 What would a horizontal analysis report show with respect to long−term liabilities?
Answer: Long-term liabilities decreased by 21.57%
Explanation:
Horizonal analysis shows the change in the amount in question over a period of time which in this case is one year from 2014 to 2015.
The Long-term liabilities in 2014 was $51,000 and $40,000 in 2015.
Horizontal analysis will be ;
= (40,000 - 51,000) / 51,000
= -0.21568
= -21.57%
Long-term liabilities decreased by 21.57%
5. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45 billion bottles of wine were sold every year at a price of $4 per bottle. After the tax, 38 billion bottles of wine are sold every year; consumers pay $5 per bottle (including the tax), and producers receive $2 per bottle. The amount of the tax on a bottle of wine is $ per bottle. Of this amount, the burden that falls on consumers is $ per bottle, and the burden that falls on producers is $ per bottle. True or False: The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. True False
Answer:
The amount of the tax on a bottle of wine is $3 per bottle;
Amount of tax = Amount paid by consumers - Amount received by producers
= 5 - 2
=$3
Of this amount, the burden that falls on consumers is $1 per bottle;
Burden on consumer = Price paid by Consumer after tax - Price paid before
= 5 - 4
= $1
The burden that falls on producers is $2 per bottle;
Burden on producers = Tax - Consumer burden
= 3 - 1
= $2
The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. FALSE
If the tax had been on producers then the price might not have increased as it did. This would leave the price at or close to the point it was at and consumers would still be able to afford more of the bottles.
Why are intercompany sale of assets eliminated?
Answer:
To avoid a company's documentation of revenue from sales to itself
Explanation:
Intercompany sale of assets is a financial related term that can only arise as a result of transaction activities occurring between companies in a group.
Since it is believed that, the various companies in a group of companies are together and the same.
Hence, the intercompany sale of assets is eliminated because of the need to avoid company's documentation of revenue from sales to itself
Assume that Sonic Foundry Corporation has a contractual debt outstanding. Sonic has available two means of settlement. It can either make immediate payment of $2,458,000, or it can make annual payments of $336,800 for 15 years. Click here to view factor tables Payments must begin now and be made on the first day of each of the 15 years, what payment method would you recommend assuming an expected effective-interest rate of 11% during the future period
Answer: Make immediate payment of $2,458,000
Explanation:
The recommended payment option will be the one with a lower present value.
It can make a payment of $2,458,000 now which would be the PV of the first option.
Second option is a constant amount for 15 years to be paid on the first day of every year making it an annuity due.
Present Value of annuity due;
= Annuity * Present value factor of Annuity due, 15 periods, 11%
= 336,800 * 7.9819
= $2,688,303.92
Lower and recommended option is to make immediate payment of $2,458,000.
Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $170 million of 10% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $151 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2021, was $160 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4. At what amount will Fuzzy Monkey report its investment in the December 31, 2021 balance sheet
Answer:
Fuzzy Monkey Technologies Inc.
Journal Entries
Date Particulars Debit'Million Credit'Million
1-Jan-18 Investment in Bond $170.00
To Cash $151.00
To Discount on bond investment $19.00
(Being investment in bond recorded)
30-Jun-18 Cash $8.50
($170 *10% * 6/12)
Discount on bond investment $0.56
To Interest revenue $9.06
($151*12%*6/12)
(Being revenue recognition for bond
interest and discount amortized)
31-Dec-18 Cash $8.50
($170 *10% * 6/12)
Discount on bond investment $0.59
To Interest revenue $9.09
(Being revenue recognition for bond
interest and discount amortized)
4. Fuzzy monkey report its investment on 31.12.2018 balance sheet at amortized cost:
= $151 + $0.56 + $0.59
= $152.15 million
