Answer:
$750
Explanation:
Since Iba's estimate of returned products is 20 units for both year 1 and 2, and only 10 units have been returned by the end of year 1, they must record a refund liability = 10 units x selling price = 10 units x $75 per unit = $750
Refund liability should represent the total amount that Iba considers that its clients are entitled to receive.
Answer:
Explanation:
Where Price equals marginal cost ( MC ) , supply will be made .
A ) Supply curve for rainfed area almond growers
P = .02 Q
Q = 50 P
Supply curve for drier area growers
P = .04 Q
Q = 25 P
B ) No of growers of rainfed area = 500
no of growers of dry area = 300
Total supply = Qs = 50 P x 500 + 25 P x 300
= 25000 P + 7500 P = 32500 P
C )
Market demand Qa = 105000 - 2500 P
For equilibrium Qa = Qs
32500 P = 105000 - 2500 P
35000 P = 105000
P = 3
D ) Qs = 32500 x 3 = 97500 .
E ) amount by rainfed growers
= 500 x 50 x 3 = 75000
amount by dry area growers = 300 x 25 x 3 = 22500
Answer: arbitration is a costly process
Explanation: Arbitration, a form of substitute dispute settlement, is a route out of a trial to settle disputes. Any or more people will decide the issue, which allows the arbitration grant. The arbitration award on both sides is legally enforceable and actionable in court.
Arbitration is long term process and requires heavy time and money from both sides of the party. Due to such ongoing process it affects the business and both the parties suffers heavy losses in their side.
Therefore, most of the time parties tries to avoid arbitration in a conflict as much as they can.
Answer:
$64,500= purchases
Explanation:
Giving the following information:
beginning inventory= $18,000
Ending inventory= $21,500
Cost of goods sold= $61,000.
To calculate the purchases during the year, we need to use the following formula:
COGS= beginning inventory + purchases - ending inventory
61,000= 18,000 + purchases - 21,500
64,500= purchases
Answer:
True
Explanation:
Within the hospitality industry such as hotels, the are Key Performance Indicators that used to measure financial health. These Key Performance Indicators include:
Average room rate, bed occupancy rate, occupancy percentage and cost per occupied room.
It is quite clear that occupancy is actually key because it is reflected in three out of the four Key Performance Indicators for the hospitality industry.
Occupancy and Economic Health
Average room rate, bed occupancy rate and occupancy percentage actually determines the revenue that comes into the hotel at any point in time. And low performance indicators may mean difficulty in meeting financial obligations.
Occupancy and Industry Health
Another reason why occupancy is key especially in the entire industry is because occupancy is the key service provided by hotels and as such, a low occupancy rate on the average from various hotels may indicate danger in the entire industry and vice versa.
