Answer: 8.79%
Explanation:
The premium or discount as a percent of NAV will be calculated thus:
NAV will be calculated as:
= (Market value of portfolio - liabilities ) / shares outstanding
= ($310 million - $3million) ÷ 10 million
= $30.7 per share.
Then, the calculation for the discount percent will be:
= (selling price - NAV) / NAV
= ($28 - $30.7) / $30.7
= ($-2.7) / $30.7
= (0.0879)
= 8.79%
Therefore, NAV is trading at discount of 8.79%
Answer:
flexible budget amount for canoe sales revenue for April is $72000
Explanation:
given data
sell = 100 canoes
average sales price = $600
sold = 65
total sales = 130
canoes at an average price = $595
actual sales = 120 canoes
to find out
flexible budget amount for canoe sales revenue for April
solution
we know here for flexible budget april sale unit are = 120
and selling price is $600
so that April sales will be here = 120 × 600
April sales = 72000
so flexible budget amount for canoe sales revenue for April is $72000
Answer:
Option A is correct which states that".There is no such thing, in IASB standards, as a "contingent asset"
The answer is they quickly find themselves on a slippery slope with no higher order moral compass if they operate in countries where ethical standards vary considerably from country to country when companies that adopt the principle of ethical relativism in providing ethical guidance to company personnel.
True, When a currency is experiencing high inflation, then it’s buying power is decreasing, and investors like me will not want to hold it.