It's the <span>prisoner's dilemma.</span>
Hope this satisfies your query! Have a good one :)
Answer:
The correct and labeled image of the price ceiling is attached :
Explanation:
The Price ceiling is the legal maximum price, it is ineffective and not true for the market equilibrium price. It is always less than the market price equilibrium.
The correct image on the basis of the given instruction and to the price 3.14bis attached to the answer please zoom to see the clear image.
Answer:
1.
c. $21
2.
b. $20
Explanation:
1.
In lower-of-cost-or-market comparison, the cost of the product and the realizable value of the product are compared and lower is used to value the available inventory.
In the given Scenario the realizable value of product Z is the recoverable value of the product.
Hence The replacement value of $21 should be used in the lower-of-cost-or-market comparison.
2.
Calculate the net recoverable value for the product Z
Net recoverable value = Selling price of product Z - Cost to sell product Z
Net recoverable value = $25 - $3 = $22
Now by comparing the cost and net realizable value the lower value is cost of $20.
Hence $20 will be used in order to value the inventory.
Answer:
The company should recognize a gain on disposal of $29500
Explanation:
The straight line depreciation method charges a constant depreciation expense per year through out the estimated useful life of the asset.
The straight line depreciation expense per year is,
(Cost - salvage value) / estimated useful life
Depreciation expense = (910000 - 0) / 8 = $113750
The number of years till 31 December 2013 = 6 years
The accumulated depreciation till December 31, 2013 = 113750 * 6 = $682500
The carrying value of the asset at 31 December 2013 = 910000 - 682500 = $227500
The gain/loss on sale = 257000 - 227500 = $29500 gain
Answer:
Hi!
Explanation:
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