Answer:
A. Price makers
B. Brand name
Explanation:
A. The hotels charge very high prices for wine and soft drinks because they are not price takers. They do not consider the price prevailing in the market for the products they are offering to the customers. They are price makers and select to charge the price they want to maintain their current hospitality. It their perception that wine and soft drinks are part of luxury. The food is an essential and people are not allowed to bring outside food in the hotel so they will buy it but when they will consume food they will also require the drinks as a part of their meal.
B. The people in today's world are so much brand conscious. They will pay for a name tag so they will be regarded for their high status in the society despite of low quality products. The ease of shopping at the branded stores is another reason for their high sales.
Answer:
Prepaid insurance.......Dr 3,420
To Insurance expense 3,420
(being only 5 months of expenditure to be charged current year and rest to be show as prepaid expenditure)
Explanation:
Answer:
The letter A is the right one.
Explanation:
By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.
Answer: e. Airline O has less lease assets at the inception of the lease
Explanation:
With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.
With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.
Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.
Answer:C - Generally presented as a part of stockholders' equity
Explanation: The non controlling interest amount is generally presented in the consolidated financial statement as part of stakeholders equity. The non controlling interest is also known as the minority interest. The non controlling interest arises where the parent company has less than 100% ownership in the business.
