Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.
A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.
<h3>What is a Loan?</h3>
This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.
With this in mind, we can see that loan proceeds can be used to:
- Buy a house
- Go on a trip, etc
Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.
Read more about loans ere:
brainly.com/question/25239160
Answer:
Thank the representative and accept the offer to cover expenses of your participation.
Explanation:
The response that would be most effective for helping you to make an ethical decision is to thank the representative and accept the offer to cover expenses of your participation.
For being invited to participate on an expert panel that will be held at an upcoming professional conference is such a great privilege and opportunity, thus, you should first express your gratitude for the honor and accept the offer covering your expenses.
Having your expenses covered, would make you channel all your time and energy into preparing, researching and organized for the event.
Answer:
1. $2.5 million
2. $0
Explanation:
1. Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored
In this scenario, we compare the values between book value and the fair value of machinery, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
= $6.5 million - $4.0 million
= $2.5 million
2. In this case, the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized i.e zero amount
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