Offer a safe and secure place to store money-FDIC insures $250,000 per depositor for each per in account insured insstitution.
Answer:
$25
$15
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Accounting profit = Revenue - Explicit cost
Economic profit is accounting profit less implicit cost or opportunity cost
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
In this question, Jessica's opportunity cost is her part time job at the coffee shop.
Total cost for an economist = Explicit cost + implicit cost / opportunity cost = $5 + 10 = $15
Accounting profit = $30 - $5 = $25
I hope my answer helps you
<u>Solution and Explanation:</u>
Answer a The following formula will be used to calculate the return on the equity.
Return on equity = Net income divide by Average equity
The return on equity is equal to Thus, return on equity is equal to 44.82% Answer b Correct answer is the option: ROE usually increases since the repurchase of shares reduces the denominator (avg. stockholders' equity)
Answer c Correct answer is the option: Companies repurchase their own stock if they feel it undervalued by the market.
Answer:
The correct answer are I and II.
Explanation:
The conceptual framework of IFRS defines that: "The information is material or of relative importance if its omission or inappropriate expression can influence decisions that users make based on the financial information of a specific reporting entity."
Relative importance (materiality) is defined in ISA 320 using the definition used by the IASB in the conceptual framework, the relative importance needs to consider both the amount (amount) and the nature (quality) of the representations on an economic fact, in the same way it is It is necessary to consider the possibility of misrepresentations of relatively small amounts that could have an important effect on financial information.
Answer:
b. $2,300 gain
Explanation:
The computation of the amount of gain or loss on the sale is shown below:
But before that the net book value is
Net book value of the equipment is
= Cost of an equipment - accumulated depreciation
= $100,700 - $68,800
= $31,900
Now
Gain (Loss) on the sale is
= Sale amount - Net book value of the equipment
= $34,200 - $31,900
= $2,300 gain
Hence, the correct option is b.