Answer:
<em>b. $ 90,000.</em>
Explanation:
Net realizable value(Market value) for apparel=Selling price minus associated selling expenses e.g sales commission.
Market value for Apparel= $ 120,000-(120,000*10%)
=$ 120,000-12,00
Market value for Apparel =$108,000
Apparel cost=$90,000
The lower of the above costs is $90,000.
Lower of cost or market is one of approaches of valuing and reporting inventory. Ending inventory is usually stated at historical cost. When original cost of the ending inventory is greater than the net realizable value, meaning that the inventory has lost value. The inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The method for reporting this is called current market value.
Answer:
option (b) 20
Explanation:
Data provided in the question:
Net fixed assets = $400,000
Short-term liabilities = $30,000
Long-term liabilities = $20,000
Common stockholders' equity = $90,000
Total stockholders' equity = $100,000
Now,
Ratio of fixed assets to long term liabilities
= Net Fixed assets ÷ Long term liabilities
or
= $400,000 ÷ $20,000
= 20
Hence,
The correct answer is option (b) 20
Answer:
$32 million
Explanation:
Data provided in the question:
Total interest income = $67 million
Total noninterest income = $14 million
Total interest expenses = $35 million
Total noninterest expenses (excluding PLL) = $28 million
Provision for loan losses = $6 million
Taxes = $5 million
Now,
Bank's net interest income = Total interest income - Total interest expenses
= $67 million - $35 million
= $32 million
Answer:
United States copyright office
Explanation:
hope this helps!
Answer:
c. reduce government costs by relocating government programs to private groups or corporations.
Explanation:
Privatisation is reducing the share of government ownership & increasing the share of private ownership.
It can be done in two ways : Disinvestment of Public Sector Units (PSUs) Equity , Transfer of PSU (s) ownership & management to private sector.
Privatisation by either of the two ways reduces the financial burden on government, by liberating them from management of public sector or state owned enterprises. This public private reallocation, hence reduces government costs or expenditure - by assigning programs unnecessary to be done by public sector - to private groups or corporations.
Eg : When Indian Economy underwent New Economic Policy [Liberalisation, Privatisation, Globalisation] in 1991, it reduced government reserved sectors from 18 to only crucial 3 - Railways, Defence etc.
