Answer:
The accounting profits are $100, and the economic profits are $25
The option C. is correct
Explanation:
Accounting profit: The accounting profit is computed by subtracting the sales amount with the expenses.
In mathematically,
Accounting profit = Sales revenue - expenses
= $150 - $50
= $100
In this, the expense is the seeds cost
And, the economic profit is calculated by subtracting the accounting profit with the implicit cost
In mathematically,
Economic profit = Accounting profit - implicit cost
= $100 - $75
= $25
The implicit cost is computed by
= Per hour piano charges × number of hours
= $15 × 5
= $75
Hence, the accounting profits are $100, and the economic profits are $25
Net pay = gross pay minus deduction
459.32 - (33.19 + 82.91) = 343.22
Net pay = $343.22
Answer:
D. deposits made by its customers but not reserves
Explanation:
According to the conceptual framework of the International Financial Reporting Standards (IFRS), a liability is an obligation, a present obligation as a result of past transaction, the settlement of which future economic benefits are expected to flow out from the entity or result in a reduction in the assets of the entity.
The focus is on the word 'obligation'.
As such, when customers make deposit in a bank, the obligation (liability) of the bank increases as the funds deposited remain that of the customer and the bank is obliged to pay the customer whenever the customer demands the funds.
The bank usually sends the customer a credit alert which is a snapshot of the banks position with the customer. This credit alert tells the customer that the liability of the bank has increased as a result of the deposit made by the customer.
A reserve on the other hand, is a retention of profit from previous financial periods. A reserve is usually added under capital in the statement of financial position as an increase in equity, thus a reserve is not a liability.
I hope this helps you understand the question better and you can solve similar questions
Answer: Disclaimer
Explanation:
At death, it should be noted that property can be transferred through will, contract or title. On the other hand, property can't be transferred through disclaimer.
A disclaimer simply refers to a statement that denies someone the responsibility to a particular thing. It delimit the scope of rights of an individual.
Answer:
Po = D1/1+ke + D2/(1+ke)2 + D3/(1+ke)3
Po = $1.40/1+0.14 + 1.75/(1+0.14)2+ $2(1+0.14)3
Po = $1.2281 + $1.3466 + $1.34998
Po = $3.92
Explanation:
The current value per share is equal to dividend paid in each year discounted at the appropriate cost of equity capital of the firm.
Po = Current value per share, D represents dividend paid and ke = return on equity(discount rate)
