1 S&L Financial buys and sells securities expecting to earn profits on short-term differences in price. On December 27, 2021, S&Lpurchased Coca-Cola bonds at par for $875,000 and sold the bonds on January 3, 2022, for $880,000. At December 31, the bondshad a fair value of $873,000.What pretax amounts did S&L include in its 2021 and 2022 net income as a result of this investment (ignoring interest)? (Enter allamounts as positive values.)20212022Pretax Amount

Trading securities are recorded in the books at their fair market values. Cost of Coca-Cola bonds =…

Answered: S&L Financial buys and sells securities…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.
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A US firm, having prior knowledge that Russia would invade Ukraine, bought 100,000 barrels of oil from Heritage Limited , a Trinidad firm . If in January 2022, the US firm enters into a forward contract to purchase the oil at US$65 per barrel to settle in November 2022, what is the gain/loss on the contract to the US firm? The spot price of oil in November averages US$100 per barrel. a. US$35,000 loss b. US$40,000 gain c. US$40,000 loss d. US$35,000 gain
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If the option will cost the investor an additional $10,000, should the investor purchase the option?
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ack and Jill were married for 12 years and resided in a common law state before Jack had a fatal accident. They were happily married for the first eight years before a devastating disagreement that led them to live separate lives even though they remained married. Since Jack was mad at Jill at the time he created his estate plan, he left Jill a lump sum of $50,000 of his $9,000,000 estate and named his two children as the beneficiaries of the remainder of his estate. Since Jill's estate was valued at only $1,000,000, she was very disappointed at her minimal inheritance. She took the $50,000 when it was distributed to her by the personal representative, and then later informed the personal representative, in writing, that she is electing to use her state's spousal elective share statute. The personal representative correctly informed Jill that she was not eligible to elect the spousal elective share statute. Which one of the following statements identifies why Jill is NOT allowed to…
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