Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
Answer:
A. pricing
Explanation:
Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.
Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.
Answer:
The term demand loan refers to a loan for which the entire balance must be paid immediately at the lender's request.
Answer: D
Explanation:
A demand loan lets the lender shorten the notice period for recalling the loan, thereby using it as a borrowing instrument. Upon immediate notification, the borrower has to repay the entire loan amount along with any interest associated with it. By means of this arrangement, the borrower is enabled towards loan repayment at any time sans any early penalty of repayment. To illustrate, overdraft arrangement is variable from the normal lending approach, having maturity date already determined along with the payable schedule of payments.
Sole trading is a business conducted by one person. A partnership is a business conducted by two or more people. Brainliest please :)