The following information relates to Bonita Co. for the year ended December 31, 2017: net income 1,298 million; unrealized holding loss of $11.3 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $51.9 million on December 31, 2016. Assuming no other changes in accumulated other comprehensive income.
Determine (a) other comprehensive income for 2017, (b) comprehensive income for 2017, and (c) accumulated other comprehensive income at December 31, 2017. (Enter answers in millions to 1 decimal place, e.g. 25.5. Enter loss using either a negative sign preceding the number e.g. -45.2 or parentheses e.g. (45.2).)
(a) Other comprehensive income(loss) for 2017 $ million
(b) Comprehensive income for 2017 $ million
(c) Accumulated other comprehensive income $ million
Answers
Answer:
a. The company incurred a loss of $11.3 million as an unrealized income from available-for-sale debt securities. It is the actual loss. Therefore, other comprehensive income is -($11.3) million.
b. Comprehensive income = Net income - Unrealized holding loss
Comprehensive income = $1,298 million - $11.3 million
Comprehensive income = $1,286.7 million
c. Accumulated comprehensive income = Existing income - Unrealized holding loss
Accumulated comprehensive income = $51.9 million - $11.3 million
Accumulated comprehensive income = $40.6 million
Related Questions
In addition to providing products and services, which of the following can a business often create? Need for economic policy change More restrictions on consumer choices Increased need for government regulations Quality of life for consumers
Answers
A business, which provides products and services, can also create C. Increased need for government regulations.
What are government regulations?
Government regulations are the rules created to ensure proper behaviors in business activities. Regulations provide protections for individuals (workers and consumers) or the environment.
A business cannot create the following:Need for economic policy changeMore restrictions on consumer choicesQuality of life for consumers.
Thus, a business can create an increased need for government regulations in addition to providing goods and services.
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Name one thing you're afraid of when you think of college and career.
Answers
Answer:
finances
Explanation:
College is expensive and people that go to college have an expectation of landing a great paying job. Reality is that is not always the case. Often leading to a long time of paying of student debts.
Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.31 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,785,000 in annual sales, with costs of $695,000. The tax rate is 25 percent and the required return on the project is 12 percent. What is the project’s NPV? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)
Answers
Answer:
$115,849.581
Explanation:
For computing the net present value first we have to do following calculations
Annual depreciation expense is
= (Cost - Salvage value) ÷ Useful life
= ($2.31 million ÷ 3)
= $770,000
Now
Annual Operating cash flow = (Sales - Costs) × (1 - tax rate) + Tax savings on Annual depreciation
= ($1,785,000 - $695,000) × (1 - 0.25) + (0.25 × $770,000)
= $817,500 + $192,500
= $1,010,000
Now Present value of annuity is
= Annuity × [1 - (1 + interest rate)^ -time period] ÷ rate
= $1,010,000 × {1 - (1.12)^-3] ÷ 0.12
= $1,010,000 × 2.401831268
= $2,425,849.581
So, Net present value is
= Present value of inflows - Present value of outflows
= $2,425,849.581 - $2,310,000
= $115,849.581
Use the information below to answer questions 7-10 Mandated Company Ltd has established the following inventory levels for his manufacturing establishment: Normal usage Minimum usage Maximum usage Economic Order Quantity (EOQ) Delivery period 7. What is the re-order level? 20,000 units /day 12,000 units /day 26,000 units /day 100,000 units 26-30 days
Answers
The re-order level can be calculated by adding delivery period to the time it takes to receive an order. Therefore, the re-order level is 806,000 units.
What is re-order level?Re-order level is a term used in inventory management that refers to the minimum quantity of a product that a business needs to have on hand before placing a new order. It is also known as the reorder point or the minimum stock level. The purpose of setting a re-order level is to ensure that a business never runs out of stock, which could lead to lost sales and unhappy customers. The re-order level is determined by considering various factors such as lead time, demand variability, and safety stock. It is calculated by subtracting the lead time demand from the desired service level and adding the safety stock. By setting a re-order level, businesses can optimize their inventory management, reduce the risk of stockouts, and ensure they always have enough product to meet customer demand.
Re-order level = Maximum usage × (Delivery period + Time to receive an order) - Minimum usage
Re-order level = 26,000 units/day × (28 days + 5 days) - 12,000 units/day
Re-order level = 26,000 units/day × 33 days - 12,000 units/day
Re-order level = 818,000 units - 12,000 units/day
Re-order level = 806,000 units
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What is a good camera for vlogging and how much does it cost? I'm looking something for 1,000 and under.
Answers
Answer:
EOS M50 Mark II EF-M 15-45mm f/3.5-6.3 IS STM Lens Kit Black
search it
Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.
Answers
Answer:
C
Explanation:
The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.
What are the benefits of motivated employees?There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.
A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.
Thus, the ideal selection is option c.
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A ____ map is a visual representation of the four perspectives of the balanced scorecard that enables managers to communicate their goals so that everyone in the company can understand how their jobs are linked to the overall objectives of the organization. The person who made it was Kaplan and Norton. Shows cause and affect links by which specific improvements creates specific outcomes.
Answers
A strategy map is visual representation of four perspectives of balanced scorecard that enables managers to communicate their goals so that everyone in company can understand how their job are linked to objective.
What is a manager?A manager is a person responsible for overseeing and leading a group of individuals in an organization towards achieving a common goal. They are responsible for setting objectives, developing and implementing strategies, delegating tasks, and making decisions that impact the work of their team. Managers also provide support, guidance, and feedback to their team members, and serve as a link between their team and upper management. Additionally, managers are often responsible for ensuring that their team operates within the guidelines and policies set by the organization, and that they are adhering to all applicable laws and regulations. Effective management requires strong communication skills, leadership abilities, problem-solving skills, and the ability to motivate and inspire others.
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PLEASE HELP
Assuming all other factors are the same, which statement about the cost of
loans is correct?
A. A loan with simple interest will cost more than a loan with
compound interest.
B. A loan with simple interest and a loan with compound interest will
cost the same.
C. Interest compounded daily will cost more than interest
compounded monthly.
D. Interest compounded annually will cost more than interest
compounded quarterly.
SUBMIT
Answers
Answer:
=> C. Interest compounded daily will cost more than interest compounded monthly.The proper answer is Daily interest compounding is more expensive than monthly interest compounding. So, the best choice is (C).
What is interest?In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed).
It is not the same as a fee that the borrower might pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
Hence, option (C) is accurate.
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.What is the term for "The body of laws, rules, regulations and customs that applied to the relations between the members of society" Statute Religious rules Order
Answers
Answer:order
Explanation:
When did the court cases reach the Supreme Court?
Answers
Answer:
August 3, 1791
Explanation:
a weak home currency may not be the perfect solution to correct a balance of trade deficit because
Answers
Answer:
foreign companies may reduce the prices of their products to stay competitive.
Which of the following is an example of an adjusting entry?
A. Revenue that has been billed but not yet paid
B. Revenue from a prior accounting period
C. Revenue in the form of products as opposed to cash
D. Revenue that has been billed and paid
Answers
The correct answer is option A. An example of an adjusting entry is Revenue that has been billed but not yet paid
What is an adjusting entry?These are entries that share correct amount between income and expenditure in the period they occur, usually at the end of the financial period.
It is to be noted that adjusting entries are alteration made to journal entries that have been previously recorded.
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Meaning of net profit
Answers
Answer:
down below
Explanation:
net profit is the money left over after paying all the expenses of an endeavor.
have a nice day! (^o^)
A goal taking which of these lengths of time to achieve is most likely to be a
long-term goal?
O A. 5 hours
B. 5 years
C. 5 minutes
O D. 5 days
Answers
Answer:
5 years
Explanation:
5 years is long term hope this helps
Which of the following most accurately states the purpose of the accounting
cycle?
A. To provide an accurate picture of just a business's expenses and
liabilities at the end of each accounting period
B. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at any point during the
accounting period
C. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at the end of each
accounting period.
D. To provide an accurate picture of just a business's revenues,
assets, and equity at the end of each accounting period
Answers
Answer:C. To provide an accurate picture of a business's revenues, expenses,
assets, liabilities, and equity accounts at the end of each
accounting period.
Explanation:
Directions: True or False: Write True if the statement is correct, and False if it is incorrect.
1. According to Philippine law, the majority of the incorporators must not be residents of the Philippines.
2. In sole proprietorship, there is no distinction between the owner and the enterprise.
3. Once the corporation is established, there is no limit to the number of natural or juridical persons who
can invest in the corporation.
4. After establishing the enterprise, the entrepreneur must meticulously screen and hire men and women
who foster the cause and share the commitment of the enterprise.
5. A minimum of two persons can constitute a partnership. However, there is a limit to the number of
persons in a partnership.
6. You go to the office of the Department of Industry (DTI) if you will register you corporation business.
7. The office to visit when registering your solely owned business is Securities and Exchange Commission
8. You go to the Bureau of Internal Revenue when you get Tax Identification Number (TIN)
9. Employers are the only one to pay contribution at the Social Security System (SSS)
10. You cannot start your business without a consultant.
11. Record keeping is not necessary in business operation
12. Record keeping is beneficial to the owner
13.The objective of the businessman should be clear
14. Tasks before starting the business should have a time allotment
15. Records are sources of documents
16. Professional advices is necessary before starting the business
17. Professional advice is not needed during the business operation
18. Bookkeeping is only important to the accountant
19. Record keeping can measure the profit and performance of the enterprise
20. Recordkeeping can be both physical and electronics
Answers
The correct answers for the list of questions based on whether they are true or false is:
1. According to Philippine law, the majority of the incorporators must not be residents of the Philippines.
False
2. In sole proprietorship, there is no distinction between the owner and the enterprise.
False
3. Once the corporation is established, there is no limit to the number of natural or juridical persons who can invest in the corporation.
4. After establishing the enterprise, the entrepreneur must meticulously screen and hire men and women who foster the cause and share the commitment of the enterprise.
True
5. A minimum of two persons can constitute a partnership. However, there is a limit to the number of persons in a partnership.
True
6. You go to the office of the Department of Industry (DTI) if you will register you corporation business.
False
7. The office to visit when registering your solely owned business is Securities and Exchange Commission
True
8. You go to the Bureau of Internal Revenue when you get Tax Identification Number (TIN)
True
9. Employers are the only one to pay contribution at the Social Security System (SSS)
False
10. You cannot start your business without a consultant.
False
11. Record keeping is not necessary in business operation
False
12. Record keeping is beneficial to the owner
True
13.The objective of the businessman should be clear
True
14. Tasks before starting the business should have a time allotment
False
15. Records are sources of documents
True
16. Professional advices is necessary before starting the business
True
17. Professional advice is not needed during the business operation
False
18. Bookkeeping is only important to the accountant
False
19. Record keeping can measure the profit and performance of the enterprise
True
20. Recordkeeping can be both physical and electronics
True
What is Recordkeeping?This refers to the act of keeping track of inventory and the history of purchases and sales within a business.
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100 pts
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn
Diamonds
United States
60
10
Congo
20
5
Which statement is true based on the data table?
The United States should specialize in diamonds and trade for corn.
The United States should specialize in corn and trade for diamonds.
Congo should specialize in corn and trade for diamonds.
Congo should specialize in both corn and in diamonds.
Answers
Answer:
In view of the units of corn and precious stones delivered by the US, the open-door cost of creating corn is B. 10⁄60.
What is the open-door cost of delivering corn?
The open-door cost of delivering corn to the US would be the number of precious stones that are surrendered to make one unit of corn.
This can be found as:
= Units of jewels/Units of corn
= 10/60 jewels
All in all, choice B is right.
Answer:
B) The United States should specialize in corn and trade for diamonds.
Explanation:
I got it right on the test
Which of the following would not be a part of a company's human resources?
A Managers
B. Full-time employees
C. Temporary employees
D. All would be included as human resources
Answers
Why does the scientific method not follow an exact order?
Answers
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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a tenant with this insurance policy suffers a substantial loss due to a lightning strike and an apartment fire that erupts as a result of that storm. the tenant should take each of the following steps as soon as possible except
a. call the insurance company and report the loss and damages
b. sign up for additional renters insurance, as this coverage has now been "used up" will be expired
c. divide property into "damaged" and "undamaged" categories and submit a thorough list of everything "damaged"
d. provide receipts, when available, for damaged items, costs associated with living elsewhere, and costs of doing any self-repair on the rental property.
Answers
In this case, the tenant should not take the next step, enrolling in additional renters insurance, as this coverage has already been "used" and will expire.
What is an insurance policy?Corresponds to a document containing relevant information about the relationship between the insurer and the insured, that is, when an individual acquires an asset, he can contract formal insurance via a contract that specifies the insurer's obligations towards the asset, such as:
Period of validityRoofFeesAssistanceTherefore, observing the question and the statements, the option that should not be followed by the tenant is to subscribe to the insurance for additional renters, but rather to observe through your contract which coverage the insurer will or will not cover for your damages.
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10
Paying only the minimum balance on your credit card
can lead to...
A) an increase in your credit score
B) paying more interest.
C)late fees
D)All of the above
Answers
Paying only the minimum balance on your credit card can lead to. paying more interest. Therefore option B is correct.
What is a credit card?
A credit card is a small, rectangular piece of plastic or metal that is issued by a bank or other financial institution and enables its holder to borrow money to pay for products and services at businesses that accept credit cards. Credit cards impose the need that cardholders repay the borrowed funds, plus any applicable interest and any other agreed-upon charges, in full or over time, either by the billing date or at a later date.
The credit card issuer may additionally provide cardholders with a separate cash line of credit (LOC) in addition to the usual credit limit, allowing them to borrow money in the form of cash advances that may be accessed through bank teller machines, ATMs, or credit card convenience checks. Compared to transactions that access the primary credit line, such cash advances often have different terms, such as no grace period and higher interest rates.
Borrowing caps are often set by issuers depending on a person's credit score. Credit cards continue to be one of the most widely used payment methods for purchasing goods and services for consumers today, and the great majority of companies allow customers to use them to make transactions.
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1a. Tell me why OJ Simpson was found not guilty of murder in acriminal trial, and why he was found liable in a wrongful deathaction for the deaths of his ex-wife and the pizza delivery guy. Wewill
Answers
OJ Simpson was found not guilty of murder in a criminal trial due to a lack of sufficient evidence to prove beyond a reasonable doubt that he committed the murders of his ex-wife and the pizza delivery guy.
However, he was found liable in a wrongful death action because the burden of proof in a civil trial is lower than in a criminal trial. In the wrongful death action, the plaintiffs only had to prove by a preponderance of the evidence (i.e. more likely than not) that Simpson was responsible for the deaths. The evidence presented in the civil trial was different from that presented in the criminal trial, and the plaintiffs were able to provide enough evidence to show that Simpson was liable for the deaths.
O.J. Simpson was found not guilty of murder in his criminal trial due to the inability of the prosecution to provide sufficient evidence to convince the jury beyond a reasonable doubt. Key factors in the acquittal were inconsistencies in the evidence, potential contamination of the crime scene, and doubts about the credibility of some witnesses.
On the other hand, Simpson was found liable in a wrongful death action because the standard of proof in a civil trial is lower, requiring only a "preponderance of the evidence" to establish liability. In this case, the jury found that it was more likely than not that Simpson caused the deaths of his ex-wife and the pizza delivery guy, resulting in a judgment against him for damages.
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After reading a child's file, a trained adult asks the child to perform specific tasks. The
information gained indicates the child may have a developmental delay or disability and
could benefit from early intervention. The adult refers the family to a medical professional
for diagnosis.
Observation
Screening
Assessment
Evaluation
Answers
After reading a child's file, a trained adult asks the child to perform specific tasks and learns that the child may have a developmental disability and could benefit from early intervention and he refers the family to a medical professional for diagnosis. This is called assessment. The correct option is c.
What is a developmental disability?Developmental disability refers to a diverse group of chronic conditions, comprising mental or physical impairments that arise before adulthood. These disabilities cause individuals living with them many difficulties in certain areas of life, especially in language, mobility, learning, self-help, and independent living.
Developmental disabilities can be detected early on and persist throughout an individual's lifespan.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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In order to communicate effectively on the job, it is important to do all of the following,
except
adopt an audience-centered approach.
share your personal experiences related to the job.
be sensitive to business etiquette.
minimize distractions.
Answers
Answer:
a
Explanation:
adopt an audience centered approach
Linking new information to what you already know or have studied
Is it virtuous or effective
Answers
Note that linking new information to what you already know or have studied is effective.
Why is this so?Associative memory is described in psychology as the ability to learn and retain the link between unrelated information. This includes things like remembering someone's name or the scent of a certain cologne.
Association is a strong memory mechanism that allows the brain to relate something familiar to something new that it is unfamiliar with. By associating the unexpected to the familiar, the brain is able to learn and retain the unfamiliar more readily.
This is why connecting the new to the ancient works so well.
Being virtuous is not the appropriate term to describe this method.
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Aladdin Carpet Care had the following total assets, liabilities, and equity as of October 31: (Click the icon to view the data.) What is Aladdin Carpet Care's debt ratio as of October 31? - Debt Ratio 1 Data Table Assets Liabilities Equity $ 200,000 30,000 170,000 Print Done
Answers
Answer:
0.15 or 15%
Explanation:
Total debt ratio is the ratio of total debt to total asset
Total debt ratio = total liability / total asset = 30,000 / 200,000 = 0.15 or 15%
Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Answers
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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Common alcoholic beverages include:
Answers
Answer:
Common alcoholic beverages include:VodkaRumBrandyliqueur CordialExplanation:
Its just asking what are the common alcohols.Common alcoholic beverages include: Vodka, Brandy, Cordial, liqueur, and so on.
Tennessee's whisky, a screwdriver, a sex on the beach cocktail, a Moscow mule, a mai tai, a cosmopolitan, a tequila sunrise and a bloody Mary are a few of the widely consumed alcoholic beverages in the United States.
Bacardi rum, Imperial Blue whisky, Officer's Choice whisky, Emperor brandy, Tandy rum, and Smirnoff vodka are only a few of the most well-known alcoholic beverages in the world.
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