Answer:
€6 million
Explanation:
As we know that
According to the International Financial Reporting Standards, if the net realizable value of the inventory increases then the written down of reversal value is required
And according to the GAAP, the inventory should be valued at lower of cost or net realizable value
So in the given case, the inventory is purchased at €6 million and now it is estimated value is €7 million so the lower value i.e €6 million should be reported on the balance sheet.
Answer: 9.20
Explanation:
In finance there is a rule for calculating this called 'The Rule of 70'.
With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.
In this scenario, the investment is your salary and the growth rate is 7.61% pee year.
The amount of time it will take to double is therefore,
= 70 / 7.61
= 9.19842312746
= 9.20 years.
It will take 9.20 years to double.
Answer:
$7,776,899
Explanation:
Calculation to determine what interest expense would it recognize in its 2021 income statement
Interest expense= $388,844,955 * 8% * (3 months/12 months)
Interest expense= $31,107,596.4 * 3/12
Interest expense= $7,776,899
Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899
Answer:<em> </em><em>Therefore, the cost of preferred stock is </em><em>17.72%.</em>
Given:
Selling price (preferred stock) = $21
Annual dividend = 3.5%
Flotation costs = $1.25
We can compute the cost of preferred stock as:
Cost of preferred stock = 3.5 / ($21 - $1.25)
Cost of preferred stock = 17.72%
<u><em>The correct option is (b)</em></u>
<span>The wealthiest nations of Southeast Asia, excluding Singapore (which is one of the wealthiest countries in the world) are Thailand and Malaysia, with Malaysia being in the 130th position according to GNI (Gross national Income) and Thailand in the 120th position (the higher the number the bigger the GNI). After this it's Indonesia in the 72nd place. </span>
