Answer: $6,000,000
Explanation:
Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.
Mathematically speaking:
20,000,000 x (30/100) = $6,000,000
Feel free to ask for more if needed or if you did not understand something.
Answer: Floating exchange rate
Explanation: The floating exchange rate is a mechanism under which a country's exchange prices are set by the supply and demand-based foreign exchange market compared to other currencies. It compares with a fixed exchange rate, wherein the government decides the rate completely or mainly.
Floating currency regimes mean that lengthy-term currency price movements represent relative economic power and country-to-country rate of interest differences.
A currency that is too high or low may have a negative impact on the country's economy, impacting trade and debt-paying efficiency. The state or banking system would try to take action to bring their currencies towards a more desirable level.
To remove almost all of the sodium and minerals
Answer:
C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition.
Explanation:
The equilibrium price is the most ideal because at this price the consume is willing to buy, if price goes above this the consumer may look for an alternative and this will further increase surplus.
Also when there is surplus the suppliers will find a way to sell competitively at the equilibrium price.
Answer:
1.Cost of Goods Sold Increase by $70,000
2.Gross Profit and Net Profit decrease by $70,000
3.Inventory in balance sheet decrease by $70,000
Explanation:
IAS 2 requires inventory to be measured at the lower of cost or net realizable value.
In our case the inventory will be valued at net realizable value of $230,000 because this is lower.
The effect with this is :
1.Cost of Goods Sold Increase by $70,000
2.Gross Profit and Net Profit decrease by $70,000
3.Inventory in balance sheet decrease by $70,000
