Answer:
Case 1 = $9,420
Case 2 = 0
Explanation:
Determining the amount of impairment loss is given below:-
Case 1
Impairment loss = Amortized cost - Fair value
= $41,640 - $32,220
= $9,420
Case 2
Impairment loss = Amortized cost - Fair value
= 91,800 - $102,220
= 0
Since, the fair value is higher than Amortized cost so the value of Impairment loss in case 2 is 0.
A because scarcity in economics mean having limited resources and unlimited wants, meaning there’s never enough resources to satisfy the needs that every individual wants
Answer:
a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Explanation:
we must first determine the bond's yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2] = {30 + [(1,000 - 930)/60]} / [(1,000 + 930)/2] = 31.17 / 965 = 3.23% x 2 = 6.46%
after tax cost of debt = 6.46% x (1 - tax rate) = 6.46% x (1 - 22%) = 6.46% x 78% = 5.04%
The strategy that is developed to pull together the various activities and competencies of each department so that corporate and business unit performance improves and resource productivity is maximized is <span>Functional strategy</span>
Answer:
Salah
Cash Dividends during Year 2:
= $84,400
Explanation:
a) Data and Calculations:
Dividends Paid:
Year 1 Retained earnings = $587,400
Year 2 Net Income = 191,000
Year 2 Retained earnings = (694,000)
Dividends paid = $84,400
b) Salah paid dividends worth $84,400. These represent the difference between the beginning retained earnings with the year 2's net income and the year 2's retained earnings. It is a reduction of the retained earnings after adding the net income for the year.