Answer:
What are the three basic categories of control? Educational/awareness, physical, supervision 5. How do you implement controls? Ensure controls are communicated to those involved in the activity.
Answer:
Joint profits are maximized when Carnival picks $260 and Royal Caribbean picks <u>$260</u>.
Explanation:
Royal Caribbean
high price low price
$9,000 / $14,720 /
high price $9,000 $1,620
Carnival
low price $1,620 / <u>$8,320</u> /
$14,720 <u>$8,320</u>
Carnival's dominant strategy is to charge a low price ($260) because it yields the highest profits = $14,720 + $8,320 = $23,040.
Royal Caribbean's dominant strategy is to charge a low price ($260) because it yields the highest profits = $14,720 + $8,320 = $23,040.
Since both companies have the same dominant strategy, a Nash equilibrium exists when they both charge a low price ($260).
Answer and Explanation:
The computation of the depreciation expense and book value at the end of 2016 is shown below:
But before that first determine the cost of the asset which is
Cost of the asset is
= Purchase price + rear hydraulic lift + sales tax
= $62,000 + $8,000 + $3,000
= $73,000
Now the depreciation expense is
= ($73,000 - $8,000) ÷ (10 years)
= $6,500
ANd, the book value is
= $73,000 - $6,500 × 2
= $60,000
Answer:
For seller = $196.44
For buyer = $4583.56
Explanation:
Data provided in the question:
Taxes for the year = $4,780
Date of closing = January 16
since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only
Per day tax = [ Taxes for the year ] ÷ 365
= $4,780 ÷ 365
= $13.095 per day
Hence,
Proration will be
for seller = $13.095 per day × 15 days
= $196.44
For buyer = $4,780 - $196.44
= $4583.56
