<u>Calculation of adjusted balance for prepaid insurance at December 31, 2017:</u>
It is given that on December 31, 2017, before any year-end adjustments, Canterbury shoe repair's prepaid insurance account had a balance of $3,500. It was determined that $2,200 of the prepaid insurance had expired.
So the adjusted balance for prepaid insurance at December 31, 2017, shall be (3500-2200) = <u>$1,300</u>
Answer:
$172,215,844 is the cost when flotation costs are considered
Explanation:
<em>flotation</em>
Weighted average flotation cost = {(Flotation cost debt * Weight debt) + (Flotation cost equity * Weight equity)
= (8% * 0.30) + (15% * 0.70)
=0.024 + 0.105
= 0.129
= 12.9%
Calculation of the cost of funds
Cost of funds = Amount raised / (1 - Weighted average floatation cost)
= $150,000,000 / (1-0.129)
= $150,000,000 / (0.871)
=$172,215,844
Therefore, the cost of raising fund is $172,215,844
At least $2 per bag as most airlines don't pay.
When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as <u>third degree price discrimination</u>.
<h3>What is a
third degree price discrimination?</h3>
This refers to the price discrimination that occurs when a company charges a different price to different consumer groups.
Hence, this is observed when the museums charge a lower admission fee to students and senior citizens but a normal charge is given for other set of people.
Read more about price discrimination
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Nike is the world's largest company in the footwear market and has the biggest market share in the USA.
Explanation:
Nike has a mammoth share of 29% in the global market and has even greater of a monopoly in the USA for footwear markets.
This monopoly comes at the expense of its competitors like Adidas that are relegated to the global second in almost all spots by the Nike market share.
Nike has been worn more throughout history and its smart brand tactics have kept the market in the USA as alive as it was before and with constant demand for the shoes of all ranges.
