Colah Company purchased $2,000,000 of Jackson, Inc., 6% bonds at par on July 1, 2021, with interest paid semi-annually. Colah determined that it should account for the bonds as an available-for-sale investment. At December 31, 2021, the Jackson bonds had a fair value of $2,300,000. Colah sold the Jackson bonds on July 1, 2022 for $1,800,000.
Required:
1. Prepare Colah’s journal entries for the following transactions:
The purchase of the Jackson bonds on July 1.
Interest revenue for the last half of 2021.
Any year-end 2021 adjusting entries.
Interest revenue for the first half of 2022.
Any entries necessary upon sale of the Jackson bonds on July 1, 2022, including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale.
2. Complete the following table to show the effect of the Jackson bonds on Colah’s net income, other comprehensive income, and comprehensive income for 2021, 2022, and cumulatively over 2021 and 2022.
If Colah Company purchased $2,000,000 of Jackson, Inc., 6% bonds at par on July 1, 2021. The journal entries for the purchase of the Jackson bonds on July 1 is: Debit Available-for-sale securities $2,000,000
Credit Cash $2,000,000.
What is journal entry?Journal entry is used by companies to record their day to day business transaction.
July 1 2021
Debit Available-for-sale securities $2,000,000
Credit Cash $2,000,000
December 31 2021
Debit Cash $60,000
Credit Interest income $60,000
(6% ×$2,000,000 / 2)
December 31 2021
Debit Available-for-sale securities $300,000
Unrealized Gain - Other comprehensive income $300,000
($2,000,000 - $2,300,000)
June 30 2022
Debit Cash $60,000
Credit Interest income $60,000
(6% ×$2,000,000 / 2)
The entry necessary upon sale of the Jackson bonds on July 1, 2022 is:
July 1 2022
Debit Available-for-sale securities $2,300,000
Unrealized Gain-Other comprehensive income account $300,000
Credit Cash $1,800,000
Credit Realized Loss on the sale of Available-for-sale securities $200,000
[$1,800,000 - $2,000,000= $200,000 (Realized Loss)]
2. Table to show the effect of the Jackson bonds on Colah’s net income,
2021 2022 Total
Net Income $60 ,000 ($140,000) ($80,000)
( 60,000 - $200,000= -$140,000)
OCI $300,000 $300,000
Comprehensive Income $360,000 ($140,000) $220,000
Therefore the journal entries for the purchase of the Jackson bonds on July 1 is: Debit Available-for-sale securities $2,000,000
Credit Cash $2,000,000.
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The diagonals of parallelogram ABCD intersect at P. Which statements must be true? Select all that apply.
The statements that will be true about parallelogram ABCD are: A, B, D, and E.
Properties of a Parallelogram -
Diagonals of a parallelogram bisect each other into congruent segments.
Opposite angles and sides of a parallelogram are always congruent.
Alternate interior angles are always congruent in measure.
Thus, the following would be true of parallelogram ABCD:
AP ≅ CP (congruent segment's of a bisected diagonal)
BC ≅ AD (congruent opposite sides)
∠CAD ≅ ∠ACB (congruent angles)
∠BPC ≅ ∠APD (congruent angles)
Therefore, the statements that will be true about parallelogram ABCD are: A, B, D, and E.
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A car traveling at constant speed traveled 161.5 miles in 3 1/2 hours. What was the car's speed.
161.5 miles / 3.5 hrs = 46.143 mph
Name three collinear points.
Answer:
D, G and F or I, G and J------------------------
Collinear points are the points on the same line.
There are two lines in the diagram.
The collinear points:
D, G and F on one lineI, G and J on the second lineThe points that are collinear are D,G and E and another set of points which are collinear are L,G and J.
The points which lie on the same straight line are known as collinear points.
Similarly, if three or more number of points are collinear then they form a straight line.
If we observe the figure, the points D,G and E are collinear points as they are on same line.
Similarly the points L, G and H are in the straight line which makes them collinear.
Therefore , the points L,G and J are collinear points.
Hence, the points that are collinear are D,G and E and another set of points which are collinear are L,G and J
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A biologist found the wingspans of a group of monary butterflies to be normally distributed with a mean of 52.5 mm and a standard deviation of 2.5 mm. What percent of the butterflies had the following wingspans? A. Less than 48.9 mm B. Between 49 and 55
Answer:
A. 7.5%
B. 68.26%
Step-by-step explanation:
Normal Probability Distribution:
Problems of normal distributions can be solved using the z-score formula.
In a set with mean \(\mu\) and standard deviation \(\sigma\), the z-score of a measure X is given by:
\(Z = \frac{X - \mu}{\sigma}\)
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.
Mean of 52.5 mm and a standard deviation of 2.5 mm.
This means that \(\mu = 52.5, \sigma = 2.5\)
A. Less than 48.9 mm
The proportion is the pvalue of Z when X = 48.9. So
\(Z = \frac{X - \mu}{\sigma}\)
\(Z = \frac{48.9 - 52.5}{2.5}\)
\(Z = -1.44\)
\(Z = -1.44\) has a pvalue of 0.075
0.075*100% = 7.5%, which is the answer.
B. Between 49 and 55
The proportion is the pvalue of Z when X = 55 subtracted by the pvalue of Z when X = 49. So
X = 55
\(Z = \frac{X - \mu}{\sigma}\)
\(Z = \frac{55 - 52.5}{2.5}\)
\(Z = 1\)
\(Z = 1\) has a pvalue of 0.8413
X = 49
\(Z = \frac{X - \mu}{\sigma}\)
\(Z = \frac{49 - 52.5}{2.5}\)
\(Z = -1\)
\(Z = -1\) has a pvalue of 0.1587
0.8413 - 0.1587 = 0.6826
0.6826*100% = 68.26%, which is the answer.
The percent of the butterflies had the given wingspans are;
A) 7.5%
B) 76.64%
We are given;
Population mean; μ = 52.5 mm
Population standard deviation; σ = 2.5 mm
Formula for z-score is;
z = (x' - μ)/σ
A) For less than 48.9 mm,P(X' < 48.9);
z = (48.9 - 52.5)/2.5
z = -1.44
From online p-value from z-score calculator, we have;
P(X' < 48.9) = 0.075 or 7.5%
B) For x' between 49 and 55, P(49 < X < 55)
At x' = 49;
z = (49 - 52.5)/2.5
z = -1.4
Z-score at x' = 55;
z = (55 - 52.5)/2.5
z = 1
From online p-value from z-score calculator, the p-value between the two z-scores is;
p = 0.7664 or 76.64%
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(f-g)(x) =
x2 + x-4
x²+x+4
x2-x+6
x2 + x + 6
Answer:
(f – g)(x) =
x2 + x – 4
Step-by-step explanation:
The answer is A on edge, hope this helps!
Determine whether each ordered pair is a solution of the equation y=2x+6
The equation does not hold true, the ordered pair (3, 10) is not a solution of the equation y = 2x + 6.In this way, we can determine whether an ordered pair is a solution of the given equation or not.
Given the equation y = 2x + 6To determine if an ordered pair is a solution of this equation or not, substitute the values of x and y in the equation. If the equation holds true, then the ordered pair is a solution.
If it is not true, then the ordered pair is not a solution.For example, let's consider the ordered pair (1, 8).
Here, x = 1 and y = 8.Substituting these values in the given equation,
we get: y = 2x + 6 => 8 = 2(1) + 6 => 8 = 8 Since the equation holds true,
the ordered pair (1, 8) is a solution of the equation y = 2x + 6.
Now, let's consider another ordered pair, say (3, 10). Here, x = 3 and y = 10.Substituting these values in the given equation, we get: y = 2x + 6 => 10 = 2(3) + 6 => 10 = 12
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Fill in the missing values in the table. Enter all monetary values rounded to the nearest cent.
Wilma Workerette worked 43.5 hours last week. Her base pay is $9.00 per hour and she gets time and a half for any hours beyond 40. Using Method 1:
Willie Worker put in 42 hours last week at the widget factory. His base pay is $8.00 per hour and he gets time and a half for any hours beyond 40. Round answers in hours to the nearest whole number and round monetary values to the nearest cent.
Using Method 2:
The given information of the hourly base pay of Wilma ($9.00), and Willie ($8.00) gives the attached completed table
How can the given tables be completed using the specified methods?The given information are as follows;
Number of hours Wilma Workerette worked = 43.5 hours
Wilma's base pay = $9.00/hour
Amount for time over 40 hours = Time and a half
The rate for overtime work is therefore;
Overtime rate = $9.00 × 1.5 = $13.50
The completed table is therefore;
Rate Regular hours Overtime hours Total
$9.00 40. N/A. $360
$13.50 3.5. $47.25
Gross. $407.25
Second part;
Number of hours, Willie Worker worked = 42
Willie's base pay = $8.00
Rate for time over 40 hours = Time and a half
Number of overtime hours worked = 2
Time used to calculate overtime rate is the therefore;
Overtime = 2 × 1.5 = 3
The completed table is therefore;
Rate Regular hours Overtime hours Total
N/A. 2.
$8.00. 40. 3. 43
$344
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This is statistics. Please answer fast
Answer:
This is a normal distribution and we can use the standard score to compute for probabilities. We compute the standard score of the given.
Step-by-step explanation:
z = (x - mu)/sd
z = (2625 - 2600)/50 = 25/50 = 0.5.
Consulting the z-table, P(z <= 0.5) = 0.6915.
P(z > 0.5) = 1 - P(z <= 0.5) = 1 - 0.6915 = 0.3085.
I hope this helped! <3
I need help with math ngl
Answer:
Oldest to newest:
10^-35, 10 ^-10, 0
Step-by-step explanation:
Scientific notation
To figure out the power of 10 think "how many places do I move the decimal point?"
When the number is 10 or greater the decimal point moves to the left, and the power of 10 is positive.
When the number is smaller than 1 the decimal point moves to the right, so the power of 10 is negative.
What is the approximate solution of the linear system represented by the graph below?
Answer: The approximate solution is
(4,-1)
Step-by-step explanation:
The point of intersection of the two lines is the solution of the linear systems represented by the graph.
From the graph we can determine that each box is 2 units.
From the graph, when we start at O and count two boxes to the right and half box down, we obtain the point of intersection of the two lines to be
Note that since each box is two units, half way between the boxes gives one unit.
12 x satisfies the inequality: 2x -8 < 12
Create an inequality to represent all the possible values of x.
Answer: x<10
Step-by-step explanation:
2x-8<12
2x-8+8<12+8
2x<20
\(\frac{2x}{2}\)<\(\frac{20}{2}\)
x<10
Can someone help please?
ASAP
Answer:
Angle A = tan^-1(11/5)
Angle C = 90 - tan^-1(11/5)
AC = sqrt(146)
Step-by-step explanation:
As this is a right triangle, we can apply the Pythagorean theorem a^2 + b^2 = c^2, where c is the hypotenuse while a and b are the legs, to solve for AC.
11^2 + 5^2 = AC^2
121 + 25 = AC^2
146 = AC^2
sqrt(146) = AC^2
Next, to find angle A, we can use one of the trigonometric functions. Let’s use tangent for simplicity. Tangent of an angle is “opposite divided by adjacent”. If we set the angle to A, opposite is side BC and the adjacent is side AB. Thus, tan(A) = 11/5 and tan^-1(11/5) = A.
Since the sum of angles in a triangle is 180, we can find angle C by setting up this equation: C = 180 - 90 - tan^-1(11/5), which is 90 - tan^-1(11/5)
Look at the figure. Points C, D, E, and G are _______ points.
A. Coplanar
B. Collinear
C. Back
D. Hidden
Answer:
a. Coplanar
Step-by-step explanation:
To be coplanar means to be on the same plane. Since C, D, E, and G are on the same plane, they can be called coplanar. Back and Hidden are not math terms. Collinear means points lay on the same line
Answer: A. Coplanar
Step-by-step explanation:
Solve by Factoring:
2x^2 - x - 3 = 0
Answer:
x = 3/2 or x = -1
Step-by-step explanation:
2x² - x - 3 = 0
2*(-3) = -6
Factors of -6:
(-1, 6), (1, -6), (-2, 3), (2, -3)
We need to find a pair that adds up to the co-eff of x which is (-1)
Factors :(2,-3)
2 - 3 = -1
so, 2x² - x - 3 = 0 can be written as:
2x² + 2x - 3x - 3 = 0
⇒ 2x(x + 1) -3(x + 1) = 0
⇒ (2x - 3)(x + 1) = 0
⇒ 2x - 3 = 0 or
x + 1 = 0
⇒ 2x = 3 or x = -1
⇒ x = 3/2 or x = -1
please help!! need it fast, will give brainliest!! and pls show work !!
Find the measure of angle AEB
Answer:
An acute angle
Step-by-step explanation:
An acute angle is smaller than an obtuse ad right angle.
hope this helps and hope it was right 'cause I really don't know what you meant. :)
7. The Taylor Rule states that the central bank should set the short-term nominal interest rate (i)
based on the inflation gap [the difference between inflation (3.14) and desired inflation (3.14*)] and the
output gap (the percentage difference between real GDP (Y) and potential GDP (Y*) An
example of a Taylor Rule would be the formula
i - 3.14 = 1.5 +0.5(3.14-3.14*) +0.5 (Y-Y*/Y*)
The term on the left-hand side is the real interest rate. Consider the following table
Inflation rate (3.14), %
Target inflation rate (3.14*), %
Output gap, %
Real interest rate
Nominal interest rate
Base Scenario Scenario B Scenario C
4.0
20
2.0
20
0.0
20
20
20
00
a. Fill in the real and nominal interest rates chosen by the policy maker in the base scenano
b. How does scenario B differ from the base scenario in terms of the inflation and output gaps?
Calculate the real interest rate. Has the real interest rate moved in the direction that would
move the inflation rate toward its target?
c. How does scenario C differ from the base scenario in terms of the inflation and output gaps?
Calculate the real interest rate. Has the real interest rate moved in the direction that would
move output toward the potential level?
d. Suppose a new chair of the central bank is appointed and she switches to a new policy rule of
the form given in the next equation. Recalculate the real and nominal interest rates for the
three scenarios. What has been the effect of the change in weights?
i-3.14=1.5 +0.75(3.14-3.14*) +0.25(Y-Y*/Y*)
The weight on the inflation gap has increased from 0.5 to 0.75. The real interest rate is 16.86% and Nominal interest rate is 20%
a. In the base scenario, the real interest rate will be 20%, and the nominal interest rate will be 20%.
b. In scenario B, inflation rate will be higher (4%) compared to the base scenario (3.14%).
Output gap is 0% in both the scenarios, however, in the base scenario inflation gap is 0% (3.14 - 3.14) and in scenario B, inflation gap is 0.86% (4 - 3.14).
Now, let's calculate the real interest rate.
Real interest rate in base scenario = 20% - 3.14%
= 16.86%.
Real interest rate in scenario B = 20% - 3.14% + 1.5 + 0.5 (4-3.14) + 0.5 (0-0/0)
= 19.22%.
The real interest rate has moved in the direction to move inflation rate towards its target.
c. In scenario C, the output gap will be 20% compared to 0% in the base scenario.
Inflation gap is 0% in both the scenarios
Inflation rate is 3.14% and in scenario C, inflation rate is 2%.
Let's calculate the real interest rate. Real interest rate in the base scenario = 20% - 3.14%
= 16.86%.
Real interest rate in scenario C = 20% - 2% + 1.5 + 0.5 (3.14 - 3.14) + 0.5 (20-0/20)
= 20.15%.
Real interest rate in scenario C = 20% - 2% + 1.5 + 0.75 (3.14-3.14) + 0.25 (20-0/20) = 18.78%.
The new policy rule has changed the weight of the output gap in the Taylor Rule from 0.5 to 0.25.
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Four friends paid a total of $32 for bowling. What is the ratio $32 for 4 people written as a unit rate?
Answer:
$8 per person
Step-by-step explanation:
32 divided by 4 is 8
32 : 4 = 8 : 1
Find three consecutive even integers such that the sum of the least integer and the middle integer and the middle integer is 22 more than the greatest integer
The three integers are 24, 26 and 28 respectively.
What is Equation Modelling?
Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.
Given are three consecutive even integers.
Assume that the integers are -
x, (x + 2), (x + 4)
According to question -
x + x + 2 = x + 4 + 22
2x + 2 = x + 26
x = 24
x + 2 = 26
x + 4 = 28
Therefore, the three integers are 24, 26 and 28 respectively.
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Johnny uses a wheelbarrow to move planting soil to a delivery truck. The volume of planting soil that fits in the wheelbarrow measures
2
2 feet by
3
3 feet by
1.5
1.5 feet. The delivery truck measures
11
11 feet by
8
8 feet and is
6
6 feet tall. Johnny puts planting soil in the delivery truck until the truck is
70
70% full.
What is the minimum number of times Johnny needs to use the wheelbarrow until the delivery truck is
70
70% full?
The minimum number of times Johnny needs to use the wheelbarrow until the delivery truck is 70% filled, obtained from the volume of the wheelbarrow and the volume of the truck is about 41 times.
What is the volume of a solid?The volume of a solid is the three dimensional space the solid occupies.
The specified dimensions of the wheelbarrow and truck indicates that the volumes of the wheelbarrow and the truck are;
Volume of the wheelbarrow = 2 ft × 1.5 ft × 3 ft = 9 ft³
Volume of the truck = 11 ft × 8 ft × 6 ft = 528 ft³
70% of the volume of the truck = 70% × 528 ft³ = 369.6 ft³
The number of times Johnny uses the wheelbarrow = 369.6 ft³ ÷ 9 ft³ ≈ 41.0
The number of times Johnny needs to use the wheelbarrow is about 41 times
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Quadrilateral FGHJ is dilated according to the rule DO,Two-thirds(x,y)(two-thirds x, two-thirds y) to create the image quadrilateral F'G'H'J', which is not shown. On a coordinate plane, quadrilateral F G H J has points (negative 5, negative 4), (negative 3, negative 2), (negative 1, negative 4), (negative 3, negative 6). What are the coordinates of point J'? (-2,-4) (-2,-6) (Negative nine-halves, negative 4) (Negative nine-halves, negative 9)
Answer:
J' = (-2, -4)
Step-by-step explanation:
It appears that point J is (-3, -6). The dilation by 2/3 about the origin causes each of these coordinates to be multiplied by 2/3:
J' = ((2/3)(-3), (2/3)(-6))
J' = (-2, -4)
Answer:
(-2, -4)
Step-by-step explanation:
J = (-3, -6)
J' = 2/3(-3, -6)
J' = (-2, -4)
What is the area of a right triangle with side lengths 7,24, and 25?
Answer:
Area = 84 square unit
Step-by-step explanation:
Given the triangle is right angle triangle. According to Pythagoras theorem, the largest amount the sides is the hypotenuse. and the others are base and height respectively.
Therefore, hypotenuse = 25, base = 7, height = 24
\(Area \ of \ triangle = \frac{1}{2} \times \ base \times height\)
\(= \frac{1}{2} \times 7 \times 24 \\\\= 7 \times 12 \\\\= 84 \ square \ unit\)
Answer:
A = 84 units^ 2
Step-by-step explanation:
The longest side length is also the hypotenuse of this right triangle: 25. Therefore the leg lengths must be 7 and 24. The legs are perpendicular to one another. If we let the base be 7 and the height 24, then the area of the triangle is A = (1/2)(base)(height), or
A = (1/2)(7)(24) = 84 units^ 2
There's another silence as Steve looks toward the crowd and then toward Tommy. He wears a tight grin.
STEVE
Based on the clues in this passage, what will most likely happen next?
• The neighbors will stop doubting Tommy.
Well, I guess what we'd better do then is to run a check on the neighborhood and see which ones of us are really human.
• The neighbors will stop taking Steve seriously.
• The neighbors will continue to joke about the situation.
There's laughter at this, but it's a laughter that comes
from a desperate attempt to lighten the atmosphere. It's a • The neighbors will begin checking to see who is release kind of laugh.
really human.
36. GROUP SHOT - THE PEOPLE 36.
As they look at one another in the middle of their laughter.
-The Monsters Are Due on Maple Street,
Rod Serling
Answer:
5
Step-by-step explanation:
Kim had 2 1/3 pounds of candy. Eric eats 2/5 of Kims candy. How much candy did Eric eat?
The quantity of candy that Eric ate would be = 14/15
How to calculate the quantity of candy eaten by Eric?The quantity of Candy Kim had = 2⅓ pounds.
The quantity of Kims candy that Eric ate = 2/5
That is 2/5 of 2⅓.
The actual quantity of candy that Eric ate = 2/5× 7/3 = 14/15
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4(n+3)=24 solve for n
expand and simplify
5(3y+2)+5(5y+2)
Answer:
Step-by-step explanation:
15y + 10 + 25y + 10
Answer:
Solution here,
Step-by-step explanation:
For simplify
First multiply the terms inside the brackets with the term outside the bracket i.e 5.
5(3y+2)+5(5y+2)
15y+10+25y+10
35y+20
Determine the period
Please help ASAP! Will give BRAINLIEST! Please read the questionTHEN answer correctly! No guessing.
Answer:D
Step-by-step explanation:
(4/5)^0
4^0/5^0=1/1=1
The Celsius scale for measuring temperatures is given by 9C = 5F-160, where C is the temperature in degrees Celsius and F is the temperature in degrees Fahrenheit.
Which system of equations would give the temperature where the degrees Celsius and degrees Fahrenheit are equal?
The correct option of system of equations that can be used to find the temperature at which the degrees Celsius and the degrees Fahrenheit would be equivalent is the option;
5·F - 9·C = 160
F - C = 0
What is a system of equation?A system of equation, is a set of equation that have common variables.
The equation for conversion of the temperature in degrees Celsius to the temperature in degrees Fahrenheit is; 9·C = 5·F - 160
When the temperature in degrees Celsius is equivalent to the temperature in degrees Fahrenheit, we get;
F = C
Therefore;
F - C = 0
Similarly, from the specified equation, we get;
9·C = 5·F - 160
5·F - 9·C = 160
The system of equation that would give the temperature where the degrees Celsius and degrees Fahrenheit are equivalent is therefore;
5·F - 9·C = 160
F - C = 0
(Which yields a temperature of 40°)
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An inheritance of $33,000 will be divided between sisters Hannah and Taylor. If Hannah is to receive $3000 less than Taylor, how much does each sister receive?