Answer:
No adjustment in records can be made until the asset is sold.
Explanation:
This is an example of cost concept. Assets are generally recorded at cost and remain on the accounting records at cost until they are disposed of. Future economic condition may change this appraised value, and therefore no adjustment in records can be made until the asset is sold.
A thesis statement should be clearly stated and narrowly focused. False
Personal, social and methodical skills
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.
Answer:
After tax Return is $3.50
After tax rate of return is 7.00%
Explanation:
Purchase Price = $50
Price at the end of the year = $50
Dividend Received =$5
Return on share = Dividend + Gain on share price
Return on share = $5 + ( $50 - $50 )
Return on share = $5 + $0
Return on share = $5
After tax return = $5 x ( 1 - 0.3 ) = $5 x 0.7 = $3.5
Rate of return on share = ( Total return / purchase price ) x 100
Rate of return on share = ( $3.5 / $50 ) x 100
Rate of return on share = 7%
