Answer:
It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
Explanation:
Answer: True
Explanation:
The Statement of Cash flows is prepared to show the cash transactions of a company and only cash. The effect of anything non cash is not shown.
Depreciation is a non-cash expense which means that it reduces the net income without actually reducing the cash to the company. It would therefore be added back to the cash balance of the company so as to reflect that it did not reduce cash. The addition will be in the operating activities of the Statement of Cashflows.
Answer:
40%
Explanation:
The four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry.
Four firm concentration ratio = 0.2 + 0.1 + 0.07 + 0.03 = 0.4 = 40%
Answer:
Inventory should be increased by $3,500
Explanation:
Calculation for What adjustment to inventory should be made under IAS 2 after this event
Adjustment to inventory under IAS 2= 13,000 - 9,000- 500
Adjustment to inventory under IAS 2 = $3,500 Increased
Based on the above calculation the adjustment to inventory that should be made under IAS 2 after this event is that Inventory should be increased by $3,500.
