Answer: The price level chosen to maximize profits will be $ 6.71
Explanation:
Whenever there is price fixing between two competitors, and one of the competitor decides to choose a price level. Such competitor must ensure that the price level chosen to maximize profit does not exceed his or her competitor's marginal cost but can be above his or her marginal cost .
Since the price fixing is $10 from previous cartel price so the best price level to maximize the profit would be less than my rival's price of $ 6.72 and more than my marginal cost of $ 6.70 which is $ 6.71
It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
<h3>Who are stakeholders?</h3>
These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders includes investors, employees, customers, suppliers, communities, governments, trade associations etc.
However, It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
Read more about stakeholders
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Answer:
Compilations.
Explanation:
A compilation is part of the write-up service of accounting firms that involves conversion of data into financial statements without providing assurances or auditing services.
A compilation report usually accompanied the financial statements to show that data is well represented, and also to show that there has been no audit so the accountant is not giving an opinion.
So the CPA will not be violating independent rules by working on compilations.
Answer:
$0
Explanation:
Generally speaking, military housing allowances, subsistence allowances, overseas housing allowances and family separation allowances are not included in gross income. They are not taxed by the federal or state governments. Military personnel are not relocated based on the country's national security needs, not their own personal needs.
If the moving expenses exceed the amount given to them by the Air Force, the extra amount is generally tax deductible.
Answer:
12.75%
Explanation:
Given that
Net assets value = $24.19
Dividend and capital gain distribution = $1.63
Offer price = $22.90
The computation of Holding period return is shown below:-
= (Net assets value + Dividend and capital gain distribution - Offer price) ÷ Offer price
= ($24.19 + $1.63 - $22.90) ÷ $22.90
= $2.90 ÷ $22.90
= 12.75%
So, for computing the holding period return we simply applied the above formula.
