The amount of profit made by Gareth upon the sale of the home is $26,700.
Computation:
Given,
= Principal Amount of $135,000
= interest rate of 2.20%
=number of years are 8 years
First, the value of the home at the end of the 8th year will be computed by using the formula of future value.
Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.
Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.
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Answer:
The impairment loss of $161m is jounalized below:
Account Debit Credit
$m $
m
Loss on impairment 161.00
Goodwill 161.00
Being impairment recorded
The impairment test on Marin division of Santana that gave rise to impairment loss of $161 m found in the attached spreadsheet
Explanation:
Please note excel formula used in each cell.
A. start by stating your purpose and what you expect of the reader for writing more effectively for business purposes
A business purpose explains the motivation for the founding of a company. It outlines both the goals of the company and what makes it special. A company purpose is substantially shorter than both a mission statement and a value statement.
A corporation may really advance if its objective is well-defined and expressed. Purpose encourages innovation, improves brand trust and loyalty, helps determine long-term business strategy, and ultimately helps a firm endure the test of time. It also creates a larger competitive edge and differentiation in the marketplace.
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Answer:
She violated the duty of loyalty
Explanation:
One of the fiduciary duties of a director is to always act in the best interest of the company .
Similar to this is the duty of loyalty that prevents the director from acting against the interest of the company and also guide the director against activities that could bring conflict of interest whereby he is involved in reaping personal benefits from the position she occupies .
This describes Wendy's action of personal dealing based on her position as the president of Kite sale
Answer:
Elastic demand
Explanation:
The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.
Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.
