The market share of the business in 2015 is <u>5%</u>.
<h3>What is market share?</h3>
The market share of a business is the portion or percentage of total market size that it controls. For instance, the business in question has 5% market share. This implies that it controls only a small portion of the market where it sells its products.
<h3>Data and Calculations:</h3>
Sales in 2014 = £108,000
Fall of sales in 2015 = 10%
Sales in 2015 = £97,200 ($108,000 x (1 - 10%)
Total market size in 2015 = £1,800,000
The business's market share in 2015 = 5.4% (£97,200/£1,800,000 x 100)
Thus, the market share of the business in 2015 is <u>5%.</u>
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Answer:
$1 = 122.84 Hungarian Forint
Explanation:
<em>The purchasing power parity theory states the future spot rate and and he current spot exchange rate between two currencies can be linked to the relative inflation rate between the two currencies. This also known as the law of one price.
</em>
The model is given as follows:
S = So× (1+Fc)/(1+Fh)
Fc - inflation rate in Hungary - 6.9%
Fh- Inflation rate in the US- 2.8%
S- Future spot rate- ?
So- Current spot rate-188.13
Expected exchange rate one year from now
118.13× (1.069)/(1.028)
=122.8414
= 122.84 Hungarian Forint
$1 = 122.84 Hungarian Forint
Answer:
Missing word <em>"Indicate the effect each transaction has on the accounting equation, (Assets = Liabilities + Stockholders' Equity), using plus and minus signs."</em>
Assets = Liabilities + Stockholders' Equity
1. Increase(+) No Effect Increase(+)
2. Decrease(-) No Effect Decrease(+)
3. Increase(+) No Effect Increase(+)
4. Decrease(-) No Effect Decrease(+)
Answer:
Ending Inventory = $10,000
Explanation:
Calculating the ending inventory using the lower of cost and net realizable value (NRV):
It means we have to take the inventory cost, which is lower between the original cost and net realizable value. Therefore, for Model A -
Inventory Quantity × Unit Cost (Cost or NRV which is lower) = Total ending inventory cost
100 × $ 100 = $10,000
(We have used the original cost as it is lower than NRV cost)
