Answer:
$20,000 premium is amortized at the end of the first year.
Explanation:
Straight line amortization:
premium amortized = Premium / number of years
= ($5,200,000 - $5,000,000) / 10 years
= $200,000 premium / 10 years
= $20,000
Therefore, $20,000 premium is amortized at the end of the first year.
Answer:
$90,000
Explanation:
Under IFRS, Inventory is initially recognized at cost. Subsequent measurement then requires that it be carried at the lower of cost or net realizable value.
Given that Historical cost $100,000 and Net realizable value $90,000, the lower of the two is the net realizable value as such, the company report $90,000 as inventory value on its Balance Sheet.
The cost to produce today = 74000
At a discount of 12%, the future value of costs in 5 years = PV*(1+r)^n where PV = 74000, r= 12% = 0.12 and n = 5 years = 5
The value of costs in 5 years = 74000*(1+0.12)^5
The value of costs in 5 years = 74000*1.12^5
The value of costs in 5 years 130,413.28
Price in 5 years = 138,000
Profit = 138,000-130,413.28 = 7,586.72
The profit the firm will make on this asset (considering time value of money) = $7,586.72
Each business unit and department should have a clear understanding of the of the whole firm and have a departmental <u>Strategy</u> that complements and aids the overall execution of the firm.
<h3 /><h3>What do you mean by Departmental Strategy? Explain.</h3>
A department or division's projects and actions that can help further develop the complete operations or areas of the business can be presented in a department strategic plan, an essential business document.
Departmental strategic plans give the department and its individual faculty members the framework to implement the higher-level institutional strategic visions through their existing and projected activities. An organizational chart for each department should be used to start and finish the strategic planning process.
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E) All of the above.
All the following options engage the audience.