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nordsb [41]
3 years ago
11

Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash

flows 650,000 Fair value 590,000 What is the amount of the impairment loss for this asset?
Business
1 answer:
erastovalidia [21]3 years ago
3 0

Answer:

The amount of the impairment loss for this asset is <u>$110,000</u>

Explanation:

A assets is impaired when the fair market value of that assets lowers than the book value of the asset.

To calculate the impairment of an assets following formula is used

Impairent = Book value of Asset -  fair market value of the asset

Placing values in the formula

Impairent = $700,000 -  $590,000

Impairent = <u>$110,000</u>

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Letter A and B are absolutelly incorrect. I think it is C... Not sure
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Sam has to speak quite often during team meetings. He feels that his team sometimes finds his speech uninteresting. How can he i
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Answer:

Option C

Explanation:

While giving a public speech/talk, it is not advisable to see at one particular person in the audience as it leads to disinterest among the others.

Hence, option A is incorrect.

Referring to notes too make the audience distracted. Hence, option B is incorrect

Speaker must be able to speak clearly so that everyone understands what he/she wants to convey. Clear vocals are a plus for good talk delivery. Hence, option C is correct.

Option D and E seems to be inadequate as a friend on stage will not make speech/talk interesting untill unless the speaker do something on his own. Also, memorizing every word is not a solution. Sometimes people who memorizes speech/talk content get nervous on stage when they forget even a single line.

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3 years ago
15. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the ye
Aliun [14]

Answer:

12.09%.

Explanation:

Calculation to determine the rate of return on the fund

First step is to calculate the beginning year NAV

Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares

Beginning year NAV = 23.33

Second step is to calculate the ending year NAV

Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares

Ending year NAV =[456.25/18 million shares]

Ending year NAV =25.35

Now let calculate the return using this formula

Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)

Let plug in the formula

Return = (25.35-23.33+0.30+0.50)/23.33

Return = 12.09%

Therefore the rate of return on the fund is 12.09%

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3 years ago
Functions of the economic commission for Africa.​
timofeeve [1]

Answer:

The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.

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Answer:

B - a license

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right on a p e x

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3 years ago
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