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exis [7]
3 years ago
9

Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should inve

stigate for possible impairment. Below is information related to the plant's assets ($ in millions): Book value $ 195 Undiscounted sum of future estimated cash flows 211 Present value of future cash flows 176 Fair value less cost to sell (determined by appraisal) 182 The amount of impairment loss that Rice should recognize according to U.S. GAAP and IFRS, respectively, is: U.S. GAAP IFRS a. $ 13 million $ 13 million b. $ 19 million $ 19 million c. $ 0 $ 13 million d. There is no impairment under both U.S. GAAP and IFRS.
Business
1 answer:
Dmitriy789 [7]3 years ago
6 0

Answer:

c. $ 0 $ 13 million

Explanation:

Under the U.S GAAP, if the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized . Hence it would be zero

And, According to the IFRS, if the book value is more than the fair value, than the difference of  book value and the fair value is considered

In mathematically,  

= Book value - fair value  

= $195 million - $182 million

= $13 million

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the cost object(s) of the activity-based costing method is(are): Multiple Choice The unit of product. The production departments
Agata [3.3K]

Answer: d. The production activities in the first stage and the unit of product in the second stage

Explanation:

Activity based Costing is primarily a method of assigning indirect costs like administrative expenses to the goods and services manufactured by a company by basing it on the activities of the company.

With Activity Based Costing, the company aims to figure out how much these aforementioned activities cost first and then calculating the cost per unit in the second stage by assigning cost per level of activity.

7 0
3 years ago
Over dinner, Ross complained about how prices have increased a great deal over the past year. Brenda disagrees, saying that the
Xelga [282]

Answer:

CPI  

Explanation: CPI measures the average changes in prices overtimes that consumers pay for a basket of goods and services commonly known as inflation. It attempts to qualify the aggregate price level in an economy and thus measure the purchasing power of the country's unit of currency. The weighted average of the prices of goods and services that approximates an individual's consumption pattern is used to calculate the CPI.  

CPI is used as an economic indicator.  

It is more used to measure inflation.

CPI covers professionals, self-employed, poor, unemployed and retired person  

Two care reported each time CPI-W and CPI-U

4 0
2 years ago
Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and prepar
miss Akunina [59]

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

  • Been confident, have a good poised, and been professional.

<h3>What is a personal commercial?</h3>

Others are:

  • Greet by saying: Hello, my name is (name).
  • State your Goal, Interest and also your passion and others kind of attributes that can set you apart from others.

A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good  personal commercial.

Learn more about Commercial from

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6 0
2 years ago
If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ t
GuDViN [60]

Answer:

greater; higher than

Explanation:

Here is the complete question

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats

.a. greater; higher than

b. less; higher than

c. greater; lower than

d. less; the same as

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price

3 0
3 years ago
Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR
PolarNik [594]

Answer:

a. 9.43%

Explanation:

IRR is the rate of return that makes initial investment equal to present value of cash inflows

Initial investment = Annuity*[1 - 1 /(1 + r)^n] /r

1250 = 325 * [1 - 1 / (1 + r)^5] /r

Using trial and error method, i.e., after trying various values for R, lets try R as 9.43%

1250 = 325 * [1 - 1 / (1 + 0.0943)5] /0.0943

1250 = 325 * 3.846639

1250 = 1,250

Therefore, The project IRR is 9.43%

3 0
3 years ago
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