Answer: The answer is provided below
Explanation:
1. The following are the business activities that takes place from the moment a customer arrives to the moment the customer leaves my favorite fast-food restaurant.
The first thing is welcoming the customer to the restaurant, after the customer sits down, a waiter for to the customer and gives the menu to the customer for him or her to choose the kind of meal he or she wants. After the customer has chosen the meal, the order is received and then filled. The food is then brought to the customer with an accompanying bill for the customer to make payment. Lastly, when the customer has finished eating, the waiter and security at the gate thanks him or her on their way out.
2. The costs are:
i. The salary of the staffs at the restaurant. This include the waiter, cook, security, manager, cleaners etc.
ii. Utility bills such as electricity and water.
iii. Rent of the building.
iv. Cost of the ingredients for the meals.
3. Fixed cost is a cost which doesn't vary with the production output while variable costs are the costs that varies with output. For the (ii) above, the fixed costs are: salary of staffs, rent, utility bills because these costs doesn't usually change while the variable cost is the cost of the ingredients for the meals.
Answer:
(i) $940 billion
(ii) $380 billion
(iii) -$80 billion
(iv) $300 billion
Explanation:
Income, Y = $1,500 billion
Government spending, G = $260 billion
Taxes, T = $180 billion,
Investment spending, I = $300 billion
As Y = C + G + I
Consumption spending, C = $1,500 - $260 - $300
= $940 billion
Private savings = Y - T - C
= $1,500 - $180 - $940
= $380 billion
Public saving = T - G
= $180 - $260
= -$80 billion
National saving = private + public
= $380 - $80
= $300 billion
Answer:
$20 million
Explanation:
Data provided in the question:
Book value of assets in 2005 = $1,200 million
Fair value of assets in 2005 = $955 million
Book value of assets in 2006 = $720 million
Fair value of assets in 2006 = $700 million
Now,
Impairment Loss = Fair value - Carrying value of Net assets
or
Impairment Loss
= Fair value of assets in 2006 - book value of assets in 2006
= $700 million - $720 million
= - $20 million [ Here, the negative sign means a loss]
Hence,
Impairment loss of $20 million
Answer:
Refer below.
Explanation:
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