Identify whether the collective impact of the driving forces will act to increase /decrease market demand, increase /decrease competition, and raise /lower industry profitability in the years ahead
Answer and Explanation:
Let us assume the following things
x = dogwood inventory percentage
and, (50,000 - x) = red maple tree inventory percentage
And, the amount of profit is
= $50,000 × 0.20
= $10,000
Now the equation would be
0.28x + 0.18 × ($50,000 - x) = $10,000
0.28x + $9,000 - 0.18x = $10,000
0.10x = 1,000
x = 10,000 = dogwood
So, the red maple would be
= 50,000 - 10,000
= 40,000
Answer:
Option (a) is correct.
Explanation:
Given that,
Beginning balance of Retained Earnings = $75,000
Net income = $26,000
Ending retained earnings = $91,000
Total Balance during the year:
= Beginning balance of Retained Earnings + Net income
= $75,000 + $26,000
= $101,000
Dividend declared:
= Total Balance during the year - Ending retained earnings
= $101,000 - $91,000
= $10,000
Therefore, the amount of dividend declared by the Superior during its recent year of operation is $10,000.
Answer:
$25,400.
Explanation:
International Accounting Standard 16 states that any Property, Plant, and Equipment should be initially recognized at a cost that includes all the costs that are necessary to bring the asset to its working condition. Example of such costs include:
- Purchase Price.
- Delivery Charges.
- Sales Taxes Paid, if any.
- Deduct Discounts, if any.
- Installation Costs.
- Dismantling Cost.
- Any other Directly Attributable Costs.
The standard further states that any periodic cost should be written-off to Profit or Loss as incurred. Such costs include Maintenance Costs. These are the costs that are not necessary to bring the asset to its intended use.
So in this case, the cost that should be capitalized is $25,400 (24,000 + 1,200 + 200).
Note: The insurance costs of $400 has been capitalized because it was incurred for Transit Purposes and before the asset was prepared for use.
Answer:
The correct answer is letter "B": large numbers of depositors withdrawing their deposits within a short period of time.
Explanation:
A bank run is a situation in which account holders massively withdraw their funds under the fear the financial institution will lose its liquidity. The situation gets to a point in which the bank is at risk of sensing all its reserves and fail to provide all its clients the money they deposited.
In the U.S. financial institutions with deposits between $16 and $122.3 million must have a minimum reserve of 3%. When the deposits exceed $122.3 million the minimum reserve increases to 10%. The rest of the money is reinvested by banks.
