Answer:
Product Lower of cost or market value
A $28
B $42
C $119
D $18
Explanation:
Particulars a b c d e f = d - c
Product Cost Replacement cost Estimated disposal cost Estimated selling price Normal profit in sales Ceiling
A $30 $28 $8 $44 25% $36
B $44 $42 $10 $54 20% $44
C $124 $119 $29 $210 30% $181
D $18 $15.4 $6 $30 20% $24
Product g = f - d × e h = middle value of b , f ,g i j = lower of I and h
Product Floor Designated market value Cost Lower of cost or market value
A $25 $28 $30 $28
B $33.2 $42 $44 $42
C $118 $119 $124 $119
D $18 $18 $18 $18
As we know that the inventory should be recognized at lower value of cost or market value and the same is considered
<span>When customers attempt to purchase alcoholic beverages who decides whether the sale is legal or not? The seller/server. Though the customer needs to be honest about their age and ability to purchase the alcoholic beverages, it is the sellers responsibility to check that the person is actually </span>eligible. The seller will check the buyers ID (identification card) and make sure they are hold enough to purchase alcohol. They have the right to deny the sale if the person is not legally allowed to purchase.
Number of firms -one
Nature of product-a unique product with no close substitute
Entry- completely blocked
Information - complete
Collusion between sellers - irrelevant
Firm's control over the price of product - considerable , but limited by market demand and goal of profit maximisation
Demand curve of the firm's product - equals market demand curve : downward sloping
Long-run economic profit - can be positive
Answer:
Qualifying widower with a dependent child
Explanation:
By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).
Answer:
P1 = $18.16667 rounded off to $18.17
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D1 / (r - g)
Where,
- D1 is dividend expected for the next period /year
- r is the required rate of return or cost of equity
To calculate the price of the stock today (P0), we use the dividend expected for the next period (D1). Similarly, to calculate the price of the stock one year from today (P1), we will use D2.
P1 = 0.5 * (1+0.09) / (0.12 - 0.09)
P1 = $18.16667 rounded off to $18.17