Answer:
$10,000
Explanation
Calculation for Waltham Distribution should records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2012, the loss that Ryan should recognize (Under US GAAP) is
Using this formula
lower-of-cost-or-market rule Loss=Inventory- Current replacement cost
Let plug in the formula
lower-of-cost-or-market rule Loss= $200,000 – $190,000
lower-of-cost-or-market rule Loss= $10,000
Therefore Waltham Distribution should records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2012, the loss that Ryan should recognize (Under US GAAP) is $10,000
Answer:
Decimal total dollar denominated return is 0.50
Explanation:
The dollar purchase price of the stock =100/1.4*$1
=71.42857143
*$1
=$71.42857143
today's dollar selling price =120/1.12*$1
=107.1428571
*$1
=$107.1428571
Dollar denominated total return in money terms=$107.1428571
-$71.42857143
=$35.71428571
However the dollar-denominated return in percentage terms is computed the below formula
dollar denominated return %=(today's price-initial price)/initial price
=($107.1428571
-$71.42857143
)/$71.42857143
=0.50 which represents 50%
Answer:Speculative damages
Explanation:
These is a term of a contract to recover from loss that may occur in the future from the contract execution.
Due to scarce resources, every individual, whether rich or poor, faces an opportunity cost when choosing to produce or consume more of one good over another.
<h3>What is the problem with scarce resources?</h3>
The gap between scarce resources and hypothetically unbounded needs is referred to as scarcity and is a fundamental economic issue. In order to meet both basic necessities and as many additional wants as feasible, people must decide how to spend resources effectively.
The value of the best option foregone is the opportunity cost of a decision. The state of not being able to obtain all the commodities and services one desires is known as scarcity. It exists because there are more commodities and services that people demand than can be produced with all of the available resources.
Learn more about Opportunity costs here:
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Answer:
$218,000
Explanation:
The cost of the land includes the purchase price + brokerage commissions + clearing and removing expenses + related taxes:
$200,000 + $4,000 + $12,000 + $2,000 = $218,000
Building permits plus the actual cost of the building must be recorded under a separate asset account (buildings) since they can be depreciated, while land cost cannot.
