Answer:
Moonligh Bay Resorts will report a Non-current liability of $126 million
Explanation:
The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet
The step is to determine the classification of the items in the balance sheet
This is done as follows
Description Amount ($)
Total Deferred Tax liability (168 million + 120 million) 288 million
(Deferred tax liabilities related to
both current and non-current assets)
Total Deferred tax asset (102 million + 60 million) (162 million)
The net deferred tax liability 126 million
Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means <u>Moonligh Bay Resorts will report a Non-current liability of $126 million</u>
Answer:
Laissez faire economics advocates for less government regulation and intervention. Extreme laissez faire views dislike all types of taxes and controls. Of course something like that will never happen, but different economic policies favor certain laissez faire views.
For example, during the 1800s, many politicians believed that business owners were entitled to exploit their workers in order to make higher profits. As a result of these types of policies, 14 or 16 hour long labor days were common, no safety regulations existed, and the wages were not high. Since governments didn't regulate labor markets, businesses were able to benefit form this and increase total production.
Given:
Actual Production 6,000 units @ 1.5 standard hours per unit.
Budgeted hours: 10,000
Fixed overhead cost per unit is $0.50 per hour.
6000 units * 1.5 std. hrs/unit = 9,000 hours
Actual hours: 9,000 hours * $0.50 per hour = $4,500
Budgeted hours: 10,000 hours * $0.50 per hour = $5,000
Fixed Factory Overhead Volume Variance = $5,000 - $4,500 = $500 UNFAVORABLE.
It is unfavorable because the production is inefficient. It is more favorable if the produced units are higher than 6,000 units and the actual hours of production are more than the budgeted hours of production.
Answer:
they are determined by consumer's perceptions, but influenced by the process of branding is answer.
Explanation:
I hope it's helpful!
Answer:
Correct option is (C)
Explanation:
Given:
Face value of bond (FV) = $1,000
Coupon rate = 6.2% annual and 6.2 / 2 = 3.1% semi annual
Coupon payment (pmt) = 0.031 × 1,000 = $31
Maturity period (nper) = 8×2 = 16 periods
Rate = 8.3% annual or 8.3 / 2 = 4.15%
Present value of bond can be computed using spreadsheet function =PV(rate,nper,pmt,FV)
Present value of bond when yield is 8.3% is $878.99
If ytm increases to 8.6% annual or 8.6 / 2 = 4.3% semi annual, then present value of bond will be $863.22 (using spreadsheet function again)
It can be seen that as ytm increased from 8.3% to 8.6%, price of bond fell by $15.77 approximately (878.99 - 863.22)
