Answer:
It is a relatively easy method to apply.
Explanation:
When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.
But here, the parent company uses, initial value method for internal reporting.
Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.
There is no statutory requirement to follow such initial value method for internal reporting.
The correct reason therefore, is:
It is a relatively easy method to apply.
Answer:
66%
Explanation:
- Students & retirees are not considered as part of Labor force
- people are under 16 age , are not part of working age population
- underemployed people are doing part time jobs, so counted as employed
Total employed = Employed full time + Underemployed
= 96 + 31
= 127 million
Unemployed workers = 8 million
Labor force size = employed + unemployed people
= 127 million + 8 million
= 135 million
Working age population:
= Total non-institutionalized population - People under age of 16
= 243 - 38
= 205 million
Therefore,
Labor force participation rate:
= (Labor force size ÷ Total non institutionalized population) × 100
= (135 ÷ 205) × 100
= 66%
Answer:
$500 U
Explanation:
From the given information:
Standard hours allowed = 3900 × 2
= 7800 hours
The variable overhead efficiency variance = ( actual hours - standard hours) × standard variable overhead rate
= (8000 -7800) × $2.50
=(200) × $2.50
= $500 U (unfavourable)
Answer:
The answer is $1.55
Explanation:
From the question above, we have the following:
Money spent by customer = $65
Transaction fee = $0.25
Percentage charge = 2% of the total charge
We calculate the total transaction fee as follows:
2% of $65 will be = 0.02 X $65
=> $1.3
Recall that there is a transaction fee = $0.25.
Therefore, total transaction fee:
$1.3 + $0.25
=> $1.55
Answer:
The interest rate the bank charges you for your loan.
Explanation:
The bank is trying to make money, so the bank is going to PAY you a lower interest rate on your savings account, but CHARGE you a higher interest rate on your loan. Then, the bank makes more money out of the deal.
