Answer
A. 25%
B.8%
C. 1.2%
Explanation:
a)
($250,000 − $200,000)/$200,000 = 0.25 or 25%
b)
($275 − $255)/$255 = 0.08 or 8%
Their was No exchange rate movements involved assets & returns all in U.S. dollars
c.
Step 1: £10,000 * $1.50/£ = $15,000 initial $ investment
Step 2: £10,000 * (1.10) = £11,000 at end of year
Step 3: £11,000 * $1.38/£ = $15,180 at end of year
Step 4: ($15,180 - $15,000)/$15,000 =
0.012, or 1.2%
Answer:
Promissory Estoppel
Explanation:
Promissory estoppel states that a person who has promised to fulfill a contract cannot go back on the promise even if consideration was yet to be given. The affected party can file suit against the party who refused to fulfill his promise and can claim damages.
Promissory estoppel was created to protect parties under contract from incurring damages due to backing off by the other party. Here, Suzy can sue George on the basis of promissory estoppel.
Answer: D- increase the net book value of plant assets when incurred.
Explanation:Plant Assets like property, plant, equipment are fixed assets and are referred to the resources that have physical substance. They are used in the running of a business and are not for customers sale.
-Additions and Improvements are the costs incurred to increase a plant assets by increasing efficiency and productiveness of the asset, they increase the net book value of plant assets when they are incurred leading to more productive facilities and output
Answer and Explanation:
The journal entry is shown below:
Peter ($174,000 - ($66,000 ÷ 2)) $141,000
Chong ($162,000 - ($66,000 ÷ 2)) $129,000
To Cash $270,000
(Being the distribution should be recorded)
For this the capital accounts are debited as it reduced the stockholder equity and credited the cash as it also decreased the assets
Answer:
$300,000
Explanation:
Data provided in the question;
Interest rate spread of the bank = 150 basis points
Earning assets funded by interest-bearing liabilities = $30 million
Now,
The new interest rate spread = 150 basis points - 50 basis points
or
The new interest rate spread = 100 bps
or
The new interest rate spread = 1%
Therefore,
the bank's new pretax net interest income will be
= $30 million × 1%
= $30,000,000 × 0.01
= $300,000
