Required information [The following information applies to the questions displayed below.] On December 31. Mars Company had the following portfolio of stock investments with insignificant influence. Mars had no stock investments in prior periods. Stock Investments Apple stock Chipotle stock Under Armour stock Cost $ 5,700 3,300 12,900 Fair Value $ 9,300 1,600 13,700 Prepare the December 31 adjusting entry to report these investments at fair value. View transaction list Journal entry worksheet < 1 Record the year-end adjustment to fair value, if any. Note: Enter debits before credits. Debit Credit Date General Journal December 31
Answers
On December 31, Mars Company needs to make an adjusting entry to report its portfolio of stock investments at fair value.
To report the stock investments at fair value on December 31, the adjusting entry will reflect the increase in fair value compared to the original cost. The entry would be as follows:
Debit: Stock Investment Adjustment (Apple): $3,600
Debit: Stock Investment Adjustment (Chipotle): ($1,700)
Debit: Stock Investment Adjustment (Under Armour): $800
Credit: Unrealized Gain on Stock Investments: $2,700
The debits to the respective Stock Investment Adjustment accounts increase the carrying value of each stock investment to its fair value, while the credit to the Unrealized Gain on Stock Investments account recognizes the unrealized gain on the overall portfolio of stock investments.
This adjusting entry ensures that Mars Company's stock investments are accurately reported at their fair values on the December 31 financial statements.
To know more about Chipotle click here: brainly.com/question/31668307
#SPJ11
Related Questions
Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees
Answers
Answer:
Both APR and fees
Explanation:
The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.
Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card. Customers should compare different credit card companies and select one with favorable fees.
Manufacturers who offer home trials of their products think that consumers will either like the product enough to keep it or
Answers
Businesses conduct market research by speaking with potential customers directly to determine whether a new product or service will succeed. Through market research, businesses can identify their target market and obtain in-the-moment consumer opinions and input. This is how home trials are done by manufacturers.
To make sure products are produced according to your clients' expectations, trial production runs are crucial. The trials enable for inspections and assessments to ascertain whether the product is of sufficient quality as well as whether your production operations are being carried out effectively. The four case types of civil, criminal, juvenile, and traffic trials can be used to classify all trial kinds. First appearance, arraignment, motions, pre-trial conference, and trial are the five phases. To make sure products are produced according to your clients' expectations, trial production runs are crucial. The trials enable examinations and reviews to ascertain not only whether the product is of suitable quality but also whether your production operations are being carried out effectively.To know more about manufacturing trial here
https://brainly.com/question/22539119
#SPJ4
You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
Answers
In the long run, all inputs are variable, so the marginal product of labor will continue to decline as more workers are added. Eventually, the marginal cost of hiring additional workers will exceed the marginal benefit, and it will no longer be profitable to hire more workers.
In the context of a construction business, you would likely stop hiring workers when the marginal product of labor begins to decline, or when the marginal cost of hiring additional workers exceeds the marginal benefit. This decision would be based on your analysis of the costs and benefits of hiring more workers, and your assessment of the efficiency and productivity of your construction process
Which one of the following is not considered to be a primary activity of the value chain of a firm?
a) Inbound Logistics
b) Service
c) Sales & Marketing
d) Technology
e) Operations
Answers
Technology is not considered to be a primary activity of the value chain of a firm. The correct option is d.
The value chain of a firm includes all the activities that are performed in order to create value for the customer.
The primary activities of the value chain include:
- Inbound Logistics: This includes the activities that are involved in receiving, storing, and distributing the raw materials that are used in the production process.
- Operations: This includes the activities that are involved in transforming the raw materials into the final product.
- Outbound Logistics: This includes the activities that are involved in distributing the final product to the customers.
- Sales & Marketing: This includes the activities that are involved in promoting and selling the final product to the customers.
- Service: This includes the activities that are involved in providing support to the customers after the sale of the product.
Technology is not considered to be a primary activity of the value chain of a firm. It is considered to be a support activity, which helps in improving the efficiency and effectiveness of the primary activities.
For more such questions on Value chain of a firm.
https://brainly.com/question/17030151#
#SPJ11
State 5 differences betweeen a stencil suplicator and a spirit duplicator
Answers
Answer:
spirit duplication is a method of reproducing documents where a spirit duplicator is used. The master copy is prepared from which copies are produced.
I hope is helpful
please i want to be a branalist
Explanation:
Composed of several major parts of the fingernail including the nail plate, 10 points
nail bed, matrix, cuticle, eponychium, hyponychium, specialized
ligaments, and nail fold. Together all of these parts form the
Nail unit
Nail bed
Nail plate
lunula
Answers
Answer:
Nail Unit
Explanation:
Ed was working on a custom-made workbench for a customer. The job, TB0414, was begun in November. At the end of November, the job cost sheet for TB0414 showed direct materials of $215, direct labor of 14 hours at $18 per hour, and overhead of 50% of direct labor cost. During December, Ed’s time ticket showed 15 hours on Job TB0414, 25 hours on Job TB0614, 10 hours of maintenance on the lathe, and 40 hours on a new job, DR1014. What is the total amount of overhead applied to TBO414?
Answers
Answer:
Allocated MOH= $261
Explanation:
Giving the following information:
Predetermined overhead rate= 50% of direct labor cost
To allocate overhead to Job TB0414, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
First, we need to determine the total labor cost:
TB0414:
Direct labor hours= 14 + 15 = 29
Total direct labor cost= 29*18= $522
Now, the allocated overhead:
Allocated MOH= 522*0.5
Allocated MOH= $261
Why would a person change their business status to a LLC?
A. To gain tax breaks
B. To limit their personal liability
C. To help obtain funding through the sale of stock
D. Because it is the easiest form for setting up your business
Answers
Answer:
A) to gain tax breaks
Explanation:
A common reason for changing a co. to an LLC is to avoid double taxation
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answers
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
True/False? cutting costs and boosting productivity are strategies for achieving sustained competitive advantage.
Answers
The given statement "Reducing expenses and increasing efficiency are techniques used to gain lasting superiority in the market" is True because cutting costs and increasing productivity are strategies for achieving sustained competitive advantage. These strategies are beneficial to organizations because cost reduction helps reduce expenses, which increases profitability and improves overall efficiency.
Increasing productivity also helps to reduce costs and increase efficiency as it involves improving efficiency and effectiveness in the organization. Both strategies can help organizations gain a competitive advantage by improving how they operate, reducing costs and increasing productivity. In addition, these strategies can help organizations remain competitive in the long term as they can reduce costs and improve productivity over time, increasing their competitive advantage in the marketplace.
To know more about competitive advantage click here
https://brainly.com/question/15095207
#SPJ4
question 2 what is the present value (i.e., price) today of a bond that will pay its owner $ 1 , 000 , 000 $1,000,000 five years from today if the discount rate is 4 % 4% per annum?
Answers
The amount of the present value (price) of the bond is $820,357.46.
A bond is a fixed-income financial security that is a debt instrument issued by corporations and governments to finance their operations. When you buy a bond, you're essentially lending money to the entity that issued it in exchange for receiving a set amount of interest over time.
The present value (i.e., price) today of a bond that will pay its owner $ 1,000,000 in five years from today if the discount rate is 4% per annum can be calculated using the present value formula.
future value (FV) = $1,000,000, discount rate = 4%, time to maturity (n) = 5 years.
The present value (PV) of the bond can be calculated as follows:
PV = FV / (1 + r)n
Where;r = discount rate= 4% = 0.04
n = time to maturity= 5 years
FV = Future Value= $1,000,000
Putting the values in the above formula;
PV = $1,000,000 / (1 + 0.04)5= $820,357.46
Learn more about present value at:
https://brainly.com/question/29303960
#SPJ11
When something is grown and harvested in the same country it is distributed in, it can be considered what?
capital
international
duties
domestic
Answers
Answer:
domestic
Explanation:
In business, domestic refers to the home country of the producer or consumer. The domestic market is the market within the borders of the seller's country. Domestic contrasts with international, which refers to beyond the borders of a country.
Products that are produced and distributed within the country are domestic products. They are often referred to as local products. Domestic goods become exports if sold outside the borders of their country of origin.
Suppose General Electric payed its line workers $12 per hour
Answers
The relevant answers with regard to real wages are as follows:
A) $10.08
B) 10.89
C) 19.05. See explanation below.
What is the computation justifying the above results?[A]
Recall that Real Wages are computed as follows;
Real Wages = (Nominal Wage/CPI in the Given Year) x CPI in the base year
12 = (N/84) x 100
= 10.08
[B]
The formula for real wage still stands:
Hence,
12 x 1.08 = (N/84) x 100
= 10.89
One thing to keep in mind is that the percentage rise in real wages is always equal to the percentage increase in nominal wages. The same may be demonstrated with other values.
[C]
It is to be noted that the real wage is pegged at $12 which is same from the prior year.
Hence, percentage increase = 0
But because $12 is Nominal in the incumbent year,
[(12 - 10.08)/10.08] x 100
= 92/10.08
= 19.05
What is real wages?Real wages are earnings adjusted for inflation, or pay expressed in terms of the quantity of goods and services that may be purchased. In contrast to nominal wages or unadjusted wages, this word is used.
Learn more about real wages:
https://brainly.com/question/22683172
#SPJ1
Full Question:
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflation occurred and the aggregate price level fell to 84 in 2016. Instructions: Round your answers to two decimal places. a. GE needed to pay its workers $ in 2016 in order to keep the real wage fixed at $12. b. GE needed to pay its workers $ in 2016 if it wanted to increase the real wage by 8 percent. c. If GE kept the wage fixed at $12 per hour in 2016, in real terms, its workers got a % increase in wages.
Who can answer thiss?
Answers
Answer:
in this order
Explanation:
skill/activity culinary class managing hot and delicious articles and blogs plan new information strengths planning tool not within
good luck <3
Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed the choice to Best Digital, Corp. , and Every Zone, Inc. , and have assembled the following data.
Selected income statement data for the current year:
Best Digital Every Zone
Net sales (all on credit) $420,115 $498,955
Cost of goods sold $210,000 $256,000
Interest expense — $16,000
Net income $48,000 $74,000
Selected balance sheet and market price data at the end of the current year:
Best Digital Every Zone
Current assets:
Cash $25,000 $23,000
Short-term investments $42,000 $21,000
Current receivables, net $42,000 $52,000
Inventories $69,000 $105,000
Prepaid expenses $19,000 $14,000
Total current assets $197,000 $215,000
Total assets $268,000 $331,000
Total current liabilities. $102,000 $100,000
Total liabilities. $102,000 $128,000
Common stock, $1 par (15,000 shares) $15,000
$1 par (16,000 shares) $16,000
Total stockholders’ equity $166,000 $203,000
Market price per share of common stock $48. 00 $115. 75
Dividends paid per common share $2. 00 $1. 80
Selected balance sheet data at the beginning of the current year:
Best Digital Every Zone
Balance sheet:
Current receivables, net $47,000 $56,000
Inventories $83,000 $92,000
Total assets $261,000 $274,000
Common stock, $1 par (15,000 shares)
Answers
Best Digital, Corp. and Every Zone, Inc. are two companies in the digital phone business being considered for investment. Based on the provided data, Best Digital has net sales of $420,115, cost of goods sold of $210,000, and net income of $48,000.
Every Zone has net sales of $498,955, cost of goods sold of $256,000, and net income of $74,000. Best Digital has current assets of $197,000, total assets of $268,000, and total stockholders' equity of $166,000. Every Zone has current assets of $215,000, total assets of $331,000, and total stockholders' equity of $203,000. The market price per share of common stock is $48.00 for Best Digital and $115.75 for Every Zone.
The income statement data shows the financial performance of the two companies. Best Digital has lower net sales and net income compared to Every Zone, indicating a smaller scale of operations. The balance sheet data provides information about the companies' assets, liabilities, and stockholders' equity. Both companies have increased their current assets and total assets compared to the previous year. Best Digital has a lower total asset and stockholders' equity compared to Every Zone, suggesting a smaller size.
The market price per share of common stock reflects the valuation of the companies in the stock market, with Every Zone having a significantly higher market price per share than Best Digital. Dividends paid per common share are $2.00 for Best Digital and $1.80 for Every Zone.
Overall, based on the given data, Every Zone appears to be performing better in terms of sales, profitability, total assets, stockholders' equity, and market valuation compared to Best Digital.
Learn more about financial analysis here: brainly.com/question/30649508
#SPJ11
crane enterprises is considering investing in a new packing machine. the new machine will provide annual cash operating inflows of $12792 for 5 years. the cost of the machine is $43992 and it can be sold at the end of its 5-year useful life for $7072. cranes required rate of return is 10%. what is the packing machines payback period
Answers
The payback period of the packing machine investment for Crane Enterprises is calculated to determine the length of time required for the company to recover its initial investment.
In this case, the packing machine costs $43,992 and generates annual cash operating inflows of $12,792 for 5 years. The machine can also be sold for $7,072 at the end of its useful life. Crane Enterprises has a required rate of return of 10%.
The payback period is determined by dividing the initial investment by the annual cash inflows. In this case, the payback period can be calculated as follows:
Payback period = Initial investment / Annual cash inflow
Payback period = $43,992 / $12,792
Payback period ≈ 3.44 years
Therefore, the payback period for the packing machine investment is approximately 3.44 years.
The payback period indicates the length of time needed to recoup the initial investment in a project. It is a simple measure of investment profitability and risk. In this case, Crane Enterprises can expect to recover the initial investment of $43,992 in approximately 3.44 years through the annual cash operating inflows generated by the packing machine.
This implies that by the end of the third year, the company would have recovered the initial investment, and the remaining cash inflows in the subsequent years would contribute to profit. A shorter payback period generally indicates a more favorable investment, as it allows for earlier recovery of the initial investment and faster generation of profits.
Learn more about payback here:
brainly.com/question/13978071
#SPJ11
Market failure associated with the free-rider problem is a result of.
Answers
Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
What is market failure?Market failure refers to a situation when there's an inefficient distribution of resources in the market.
Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.
Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.
Learn more about market failure here : https://brainly.com/question/368647
Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answers
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
Drs. James and Janet Baker saw that many people experienced difficulty and frustration when typing, some because of physical disabilities. So they invented a voice recognition software to allow users to talk to the computer. Their ideas have become Dragon Naturally Speaking, a popular talk-to-type software application. Which of these statements describes their startup?
A) Borrow heavility from existing products or services.
B) Combine two businesses to create a market opening.
C) Begin with a problem in mind or a pain you can relieve.
D) Recognize a hot trend and ride the wave.
Answers
Evaluate 2 solutions to the problems of communications in Get Going. Ib business
Answers
Maintaining corporate safety and other workplace discrimination can get burdensome when there is insufficient communication at work.
What is business cycle ?The natural rise and decline in economic growth that takes place throughout time is known as the economic cycle. The economic cycle is indeed a term used by economics to describe the rise and fall in commercial activity over time. It may be a useful tool for studying the economy and can assist you in making better financial decisions. The economy includes all corporate, labour, and consumer activity that produces, trades, and consumes goods and services inside the United States. The business cycle therefore refers to the measurable level of productivity. When enterprises increase production, they require more personnel. As a result, fewer workers are employed, there's more money available for spending, firms make more money, and they can concentrate on expanding.
To know more about business cycle visit:
https://brainly.com/question/30167425
#SPJ1
Canadiens shake hands, Japanese bow, and Middle Easterners of the same sex kiss on the check. These gestures are examples of
Answers
They reflect cultural differences in social norms, communication styles, and personal boundaries.
They reflect cultural differences in social norms, communication styles, and personal boundaries. Greetings and non-verbal gestures vary across cultures, and they play a significant role in expressing politeness, establishing social connections, and showing respect.
Shaking hands is a common gesture in Western cultures, such as Canada, and is often seen as a formal way of greeting or showing agreement. Bowing is a traditional gesture in Japanese culture, symbolizing respect, humility, and gratitude. Kissing on the cheek, also known as cheek kissing or air kissing, is a common greeting among friends and family members in some Middle Eastern cultures.
Learn more about boundaries here:
https://brainly.com/question/32193789
#SPJ11
Andrew is a software tester. He runs through the same kinds of programs day after day, looking for bugs and reporting them. The workers in another department look at Andrew's reports and do the programming needed to fix the problems; Andrew never knows if his reports result in any software changes. Andrew is taking night classes in programming. Often, he knows the best solution for many of the bugs he finds, but is forbidden to make the fix or even offer suggestions. Which part of this description relates most to Task Identity
Answers
Answer: The workers in another department do the programming needed to fix the problems
Explanation:
Every organization has job roles and task for which individuals where employed for and in most cases workers are not really permitted to do beyond their task unless they are asked to do so by the organization or they are asked by their colleagues to assist them, despite Andrew taking classes in software training, he would still need approval from the organization before he can carry out task in another department.
A significant difference between the direct material purchases budget and the production budget is that the production budget considersa. finished goods inventory levels, while the material purchases budget considers raw material inventory levelsb. beginning and ending finished goods inventory amounts, which are not part of a direct material purchases budget.c. units to be produced, while the direct material purchases budget is based on units to be sold.d. the capacity of the factory, while the direct material purchases budget does not.
Answers
The correct answer is b. Beginning and ending finished goods inventory amounts are not part of a direct material purchases budget.
What does production budget consider?The production budget takes into account the desired levels of finished goods inventory, while the material purchases budget considers the desired levels of raw material inventory.
The direct material purchases budget is based on the units to be produced, while the production budget is based on the units to be sold.
The capacity of the factory may be considered in both budgets, but it is not a significant difference between them.
Hence, the correct answer is b.
To know more on production budget visit:
https://brainly.com/question/18803390
#SPJ11
suppose caroline earns $525 per week working as a corporate attorney for rowan and martin associates. she uses $9 to get her car washed at spotless car wash. spotless car wash pays antonio $225 per week to wash cars. antonio uses $350 to purchase legal service from rowan and martin associates.
Answers
After considering Caroline's expenses for the car wash and Antonio's payment for legal services, Caroline's net weekly earnings would be $516.
Caroline earns $525 per week as a corporate attorney. However, she spends $9 to get her car washed at Spotless Car Wash. So, her net earnings after the car wash expense would be $525 - $9 = $516. On the other hand, Antonio is paid $225 per week by Spotless Car Wash, but he uses $350 to purchase legal services from Rowan and Martin Associates. However, since the question focuses on Caroline's net earnings, Antonio's expenses are not directly relevant to calculating her net earnings. Thus, after considering the car wash expense, Caroline's net weekly earnings would be $516.
To learn more about corporate attorney visit: brainly.com/question/30283695
#SPJ11
1. Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in
inventory, a $4,000 credit card balance, and $3,500 in long-term del
What is Mallory's equity?
a.
Answers
Mallory's equity, given that she owns auto repair shop and the amounts in her books, are $ 12, 500
How to find the equity ?As per the Accounting Equation, equity is the portion of assets that is not supplied by liabilities.
This means that Mallory's equity is:
= Cash + Inventory - Credit card balance - Long term debt
= 12, 000 + 8, 000 - 4, 000 - 3, 500
= $ 12, 500
In conclusion, Mallory's equity is $ 12, 500.
Find out more on equity at https://brainly.com/question/24401217
#SPJ1
Innovations like the mass production of cars can create economies of scale. However, over time this benefit becomes less meaningful because:
Answers
Answer:
other companies copy the processes
Explanation:
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answers
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
After a trade barrier is put in place, the market price will be_______
the quantity of the product available will be ______
Answers
After a trade barrier is put in place, the market price will be higher and the quantity of the product available will be lower. This is because trade barriers, such as tariffs and quotas, restrict the amount of foreign goods that can enter a country. This leads to a decrease in supply, which in turn causes prices to increase and the quantity of goods available to decrease.
Anger, fear, joy, and sadness represent:
Answers
Anger, fear, joy, and sadness represent various kinds of emotions.
These four emotions are different on their own. None of these are useful when felt over the limit.
One should always try to control any emotions which may lead to incorrect decision-making.
Representation is the usage of symptoms that stand in for and take the place of something else. It is thru illustration that humans arrange the world and facts thru the act of naming its elements.signs are organized for you to form semantic buildings and explicit family members.
For plenty of philosophers, both historic and cutting-edge, the guy is regarded as the "representational animal" or animal symbolism, the creature whose wonderful man or woman is the advent and the manipulation of signs – things that "stand for" or "take the vicinity of" something else.
Illustration has been associated with aesthetics (art) and semiotics (symptoms). Mitchell says "illustration is an exceptionally elastic notion, which extends all of the ways from a stone representing a person to a singular representing the day within the lifestyles of several Dubliners".
To learn more about Representation visit here:
brainly.com/question/27987112
#SPJ4