Answer:
1.Cost of Goods Sold Increase by $70,000
2.Gross Profit and Net Profit decrease by $70,000
3.Inventory in balance sheet decrease by $70,000
Explanation:
IAS 2 requires inventory to be measured at the lower of cost or net realizable value.
In our case the inventory will be valued at net realizable value of $230,000 because this is lower.
The effect with this is :
1.Cost of Goods Sold Increase by $70,000
2.Gross Profit and Net Profit decrease by $70,000
3.Inventory in balance sheet decrease by $70,000
Answer: $33750
Explanation:
First and foremost, we have to calculate the interest paid for the year which will be:
= $750000 X 9%
= $750000 × 0.09
= $ 67500
Therefore, the semi annual payment will them be calculated as:
= $67500 / 2
= $33750
Answer:
Men.
Explanation:
Well, 70% of 40% (100% - 60%) = 28% total population demand.
30% of 60% = 18%
28% > 18%
Originally,
Let x = the balance in the first account.
Let y = the balance in the second account.
The total amount in the two accounts is $9,000, therefore
x + y = 9000 (1)
Zack withdraws 10% of x and 60% of y for a total of $2,175.
Therefore
0.1x + 0.6y = 2175
or
x + 6y = 21750 (2)
Subtract (1) from (2).
x + 6y - (x + y) = 21750 - 9000
5y = 12750
y = 2550
From (1), obtain
x = 9000 - 2550 = 6450
The balance in the first account is
0.9*x = 0.9*6450 = $5,805
The remaining balance in the second account is
0.4*y = 0.4*2550 = $1,020
Answer:
The balance in the first account is $5,805
The balance in the second account is $1,020
Answer:
a) because of their job.
b) because of their working power and unique mind.
c) because of their
d) because in Pakistan it doesn't have suitable land for farming and low working power.
