Answer:
Option B November 13th
Explanation:
The credit period begins from the day the invoice was received which is November 13th. Though we legally don't owe seller as he has not fulfilled his share or delivered consideration but if he is offering a contract that if you pay me within 30 (say) days we will give you 2% discount which means the consideration is early payment and in this contract the date starts from date of invoice received. So we will have to pay our supplier within 30 days starting from November 13, if we desire a 2% profit.
This is an example of LOOSE BRICKS.
Loose bricks refers to an ignored market segment that a competitor exploited in order to make its initial landing in a foreign market. In this kind of situation, the competitor usually gained ground for itself before the native businesses realizes what is happening.<span />
Answer: tend to self correct and the decline would be cushioned.
Explanation:
The permanent income hypothesis is simply refered to as a theory that relates to consumer spending which states that individuals will spend money based on the disposable income that they expect in their lifetime.
According to Classical economists, the permanent income hypothesis was an argument supporting their view that, during a recession, the economy would tend to self correct and the decline would be cushioned.
Answer:
correct option is a. No impairment should be reported
Explanation:
given data
carrying amount = $1,600,000
net cash flows = $1,630,000
fair value = $1,360,000
to find out
amount report as an impairment to its equipment
solution
we know that here impairment loss is carrying amount - higher of fair market value and value in use ..................1
here recoverable value is = $1630000
so
impairment loss is = $1600000 - $1630000
impairment loss = - $30000
here loss is negative
so that correct option is a. No impairment should be reported