Misk co. purchased the following securities during 20x7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities:

i. debt securities bought and held for the purposes of reselling in the near future.
ii. u. s. treasury bonds that misk intends and is able to hold to maturity.
iii. convertible preferred stock that misk does not intend to sell in the near future.

which of above securities purchased by misk should be classified as available-for-sale securities?

multiple choice

a. i and ii only
b. i and iii only
c. iii only
d. none of the above

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.