Purchase of marketable securities

Reference no: EM13124030

Mumford Corporation invested $30,000 in marketable securities on December 4. On December 9, it sold some of these investments for $10,000, and on December 18, it sold more of these investments for $5,000. The securities sold on December 9 had cost the company $7,000, whereas the securities sold on December 18 had cost the company $6,000.

a. Record the purchase of marketable securities on December 4.

Reference no: EM13124030

Questions Cloud

Determining system of equations : The accompanying table shows the total cost of purchasing combinations of differently priced CDs. The types of CDs are labeled A, B, and C.

Find if male scores are higher than female scores : The reason for this difference is not understood. Here are the summary data. Determine if the male scores are significantly higher than the female scores.

Linear differential operator defined on the vector space : Let D be the linear differential operator defined on the vector space V of infinitely differentiable functions f: R-->R by D(f)=F

Linear equation-system of inequalities : A target heart rate T that is half a person's maximum heart rate is given by T=110 - 1/2A where A is a person's age.

Purchase of marketable securities : The securities sold on December 9 had cost the company $7,000, whereas the securities sold on December 18 had cost the company $6,000. (a) Record the purchase of marketable securities on December 4.

Linear equation and intersection : You want to order T-shirts for your organization. The price is $15 for each T-shirt and $10 for shipping. Write an expression for the amount of money this will cost you.

Find evidence of excess supply or excess demand : Government or organization whose effectis to prevent specific from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?

Explain finite abelian group : The answer to finite abelian group, Suppose that G is a finite Abelian group and G has no element of order 2. Show that the mapping g-->g^2 is an automorphism of G.

Determininc subsets : Determine whether A=B , if A is a subset of set B, if set B is a subset is a subset of A, if set A is a proper subset of set B, if set B is a proper subset of set A , or if none of these applies.

User Account

All Pages