People are known to engage in business every day. The answers to the question is below;
<h3>The
similarities between the business ventures of the Wander Girls and Roxanne Quimby</h3>
- Their businesses are both founded by women.
- They both encourages women in business ventures and other areas.
- They both encourages women to take care of themselves and not neglect themselves.
- They are advocate for self love for women.
<h3>The differences between the business ventures of the Wander Girls and Roxanne Quimby.</h3>
- Wander Girls are into travels specifically for women while Roxanne Quimby is into personal-care brand.
- Wander Girls is into service delivery while the other is into product delivery.
Roxanne Quimby is famous as she sell Burts Bees, a natural personal care brand. Elisha Brock, is known to be the founder of Wander Girls. It is an online community that aids and encouraging women to take themselves out by travel with the right resources and person.
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The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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Answer:
Explanation:
Match the following terms with their definitions.
A. Confusion and Inconvenience :inflation decreases the reliability of the unit of account making it more complicated to differentiate successful and unsuccessful firms thereby impeding the efficient allocation of funds to alternative investments.
B. Shoeleather costs : the resources wasted when inflation induces people to reduce their money holdings.
C. Relative Price Variability : because prices change infrequently, higher inflation causes relative prices to vary more. Decisions based on relative prices are then distorted so that resources may not be allocated efficiently.
D. Unexpected Inflation :inflation decreases the real value of debt thereby transferring wealth from creditors to debtors.
E. Menu costs the cost of more frequent price changes at higher inflation rates.
F. Inflation Induced Tax Distortions
:the income tax is not completely indexed for inflation; an increase in nominal income created by inflation results in higher real tax rates that discourage savings.
Answer:
The LCNRV basis is justified because of a decline in the selling price of the inventory item
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
This is justified where there is a decline in the selling price of inventory as it ensures that the amount stated in the books is fairly representative of the amount that may be realized from the sale of the inventory items.
