<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
Answer:
1. How much cash did Anders receive from the sale of equipment?
$ 47,400
How much depreciation expense was recorded on equipment during 2019
$ 57,000
What was the cost of new equipment purchased by Anders during 2019?
$ 185,000
Explanation:
Book Value -$ 53,000
Sale Value $ 47,400
Sold Loss -$ 5,600
Accum. Depreciation Eq. 2018 $ 236,000
Accum. Depreciation Eq. 2019 -$ 126,000
Book Value -$ 53,000
REAL Depreciation During 2019 $ 57,000
Property and Equipment 2018 -$ 335,000
Property and Equipment 2019 $ 245,000
Original Cost $ 275,000
REAL Depreciation During 2019 $ 185,000
Answer:
$89,674,000
Explanation:
As it is mentioned that the inventory cost is already incurred in the last year so in this case the cost price would be zero and the same price should be equivalent to the closing value of the inventory i.e. carrying value of $89,674,000 and hence the same is to be considered
Therefore the last option is correct
Answer:
9.85%
Explanation:
Data provided in the question:
Initial Offer price = $23.45
Current NAV = $22.28
Dividends and capital gains distributions over the year = $1.09 per share
Now,
Holding period return
= [Current NAV + Dividends and capital gains distributions - Initial Offer price ] ÷ Initial Offer price
= [ $24.67 + $1.09 - $23.45 ] ÷ $23.45
= $2.31 ÷ $23.45
= 0.0985
or
= 0.0985 × 100%
= 9.85%