Answer:
$14
Explanation:
Fee from customers = $4
Fee from producer = $10
Total Fee income received = 10+4 = $14
$14 should be recognized as income for each Riverdance ticket sold.
Ticket Now has sold the ticket (which is assumed to be nonrefundable) and it has performed what is required (to sale the tickets), so recognize the revenue of $14.
Answer:
Product 1 - $36
Product 2 - $ 96
Product 3 - $66
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
The NRV is the Selling price less the cost to sell.
Given
Product 1 Product 2 Product 3
Cost $36 $ 106 $ 66
Selling price $ 88 $ 168 $ 118
Costs to sell $ 9 $ 72 $ 26
NRV $ 79 $ 96 $ 92
Answer:
4/11 and 6/15 dressers.
Explanation:
Absolute advantage is the ability of a country to produce more of a product given the same resources than another country per unit time. It also applies when a country is able to produce same amount of goods with another country given less inputs.
So a country that produces more goods uses a more efficient process to get more output.
In this scenario a worker in Peru can produce 11 lamps or 4 dressers in a day and a worker in Canada can produce 15 lamps or 6 dressers in a day. Canada has absolute advantage in producing lamps and dressers, so importing these items will not be beneficial.
To get a balance where both countries will benefit a lamp will have to go for a ratio of each countrie's product to the opportunity cost.
That is for Peru to produce 4 dressers it will have opportunity cost of 11 lamps. So the ratio is 4/11.
Also for Canada to produce 6 dressers it will have opportunity cost of 15 lamps. So the ratio is 6/15.
Lamp should trade for between 4/11 to 6/15 dressers for both countries to benefit.
Answer:
8.60%
Explanation:
We use the MM proposition II with taxes
ra 0.125
D 5000
E 9600 (14,600 assets = 5,000 liab + equity)
rd ??
taxes 0.34
re 0.1384
We set p the formula and solve:
rd = 0.860181818 = 8.60%
Going to your designated bak
