Brooks co. purchases debt investments as trading securities at a cost of $73,000 on december 27. this is its first and only purchase of such securities. at december 31, these securities had a fair value of $79,000. 1. prepare the december 27 entry for the purchase of debt investments. 2. & 3. prepare the december 31 year-end fair value adjusting entry for the trading securities' portfolio and the january 3 entry when brooks sells a portion of its trading securities (costing $36,500) for $38,000 cash.

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.