It should be reported as an ordinary<span> gain</span> because the truck is considered as ordinary <span>asset used in the ordinary course of business. The truck was used as service calls apparently used in the normal operation of the company thus the gain on the sale of this asset should be considered </span>as an<span> ordinary gain.</span>
Answer:
Industrial Finance Corporation of India (IFCI)
State Financial Corporations (SFC)
Industrial investment bank of India Ltd
<h3><u>O</u><u>bjectives</u><u>:</u></h3>
- Objectives of IFCI provide medium and long-term financial assistance to large scale industrial undertakings, particularly when ordinary bank accommodation does not suit the undertaking or finance cannot be profitably raised by the concerned issue of shares.
- Objectives of SFC to maintain and promote fairness, efficiency, competitiveness, and transparency in the securities and futures markets; promote public understanding of investing and corporate finance policy; protect investors by enforcing regulations; reduce crime and misconduct
- Objectives of Industrial Bank of India Ltd To provide financial assistance as well as to revive and revitalise sick industrial units in public/private sectors, an institution called the Industrial Reconstruction Corporation of India (IRCI) was set up in 1971 with a share capital of Rs. 10 crores.
Explanation:
Danny is working to provide food, clothing and shelter for his family. These are the basic necessities of life that a person provides to his family. It involves the financial function of a family. Buying food, clothing and shelter for a person's family involves money. A person strives to earn money for his family to fulfill his family's needs of food, clothing and shelter. According to Maslow's hierarchy of needs, Food and clothing comes under the physiological needs level. Then comes the shelter, which comes under the safety needs. These both levels make the Basic needs of a person. Meeting the basic needs of the family comes under the financial function.
Answer: $3.91
Explanation:
The following information can be gotten from the question:
S = Current stock price = $33
C = Call Price = $2.25
K = Exercise Price = $35
e = 2.71
Rf = Risk free rate = 4% = 0.04
T = Time = = 90 days = 90/365
Put Price will now be calculated as:
= C - S + K × e^(-rt)
= 2.25 - 33 + 35 × 2.71^(-0.04 × 90/365)
= $3.91
Answer:
Productive; allocative efficiency
Explanation:
