Answer:
The answer is: Probable and the amount of the loss can be reasonably estimated.
Explanation:
Losses should be recorded as soon as possible (conservatism principle) as long as they are probable and can be reasonably estimated. A loss doesn't have to occur to be recorded, that is why they are recorded as contingency losses. If the company finds it probable that a loss will happen but can't estimate it, then it can't record it as a contingency loss.
One of the biggest non-monetary costs for hospitality customers is time.
<h3>What is non-monetary costs?</h3>
- When a buyer purchases a product, he not only spends money, but also other resources.
- These are referred to as non-monetary expenses, and they include time, convenience, effort, and psychological costs.
- Economists have recently come to understand that consumers make other trade-offs in order to receive goods and services in addition to paying a monetary price.
- As a result, demand is influenced by other expenses in addition to the monetary price.
- The idea of non-monetary expenses has grown in significance in social marketing.
- Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service.
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Answer:
-4.25%
Explanation:
purchase price in 1999 = $12,497,500
purchase price in 2003 = $10,371,500
annual rate of return = {[($10,371,500 - $12,497,500) / $12,497,500] / (2003 - 1999)} x 100 = (-0.170114 / 4) x 100 = -4.25%
the annual rate of return refers to how much money you win or loss with an investment during a year. In this case, the investor lost $2,126,000 in 4 years, which resulted in a total loss of 17.01% for the whole period.
Answer:
Company ZYX cash flow from Operating Activities using the indirect method are given below.
<em>Cash flow from operating activities</em>
Net INCOME BEFORE TAXES $ 190,000
Adjustment For
Gain(Loss) on sale of Equipment $ 30,000
Other Income/(Expense) ($ 46,000)
Working capital changes 0
Net cash from operating activities $ 174,000
The amount allocated to ending inventory is $3664.
LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.
- Total inventory sold = 40 + 26 = 68 units
- Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100
- Ending inventory = 100 - 68 = 32
- Value of ending inventory = (22 x $112) + (10 x $120)
$2464 + $1200 = $3664
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