Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost. Multiple choice question.
Answers
Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.
What is price sensitivity?
Price sensitivity can be regarded as the degree to which demand changes as result if the changes in cost of a product or service changes.
It should be noted that Price sensitivity helps in measuring price elasticity of demand.
And this rule implies that some consumers will refuse to pay more incase there there us availability of lower-priced option.Learn more at price sensitivity at:
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Related Questions
the of an open-end fund provides the only market for buying or selling the shares of the answer from the options belowprimary marketsecondary marketissuing companyinvestment banker
Answers
The correct answer is the secondary market. An open-end fund is a type of mutual fund that continuously issues new shares and redeems existing shares based on investor demand.
These shares are traded in the secondary market, where investors buy and sell them among themselves. The open-end fund does not buy or sell its own shares directly in the secondary market. Instead, it uses an investment adviser or distributor to handle the trading process. The secondary market provides liquidity to the investors in the open-end fund, allowing them to easily buy or sell shares at market prices. The primary market, on the other hand, refers to the initial issuance of the shares by the fund to investors, typically through an investment banker. In summary, the secondary market is the only market for buying or selling the shares of an open-end fund, while the primary market is the initial issuance of the shares by the fund.
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In Latuna, it takes 10 resources to produce 1 ton of coffee and 13.5 resources to produce 1 ton of wheat. In South Narnia, it takes 40 resources to produce 1 ton of coffee and 12 resources to produce 1 ton of wheat. Latuna has a comparative advantage over South Narnia in:__________.
A. wheat
B. neither coffee nor wheat.
C. both coffee and wheat.
D. coffee
E. both coffee and wheat if combined.
Answers
Answer:
A
Explanation:
a person has comparative advantage in production if he / she produces at a lower opportunity cost when compared to other countries.
for latuna,
opportunity cost of producing 1 ton of coffee = 13.5 / 10 = 1.35
opportunity cost of producing 1 ton of wheat = 10 / 13.5 = 0.741
for South Narnia,
opportunity cost of producing 1 ton of coffee = 12 / 40 =0.3
opportunity cost of producing 1 ton of wheat = 3.3
south narnia has a comparative advantage in the production of coffee and latuna has a comparative advantage in the production of wheat
higgins enterprises is accepting notes receivable from four customers for $18,000 each. which customer will end up paying the least in interest, assuming all individuals pay in full on the maturity date?
Answers
Answer:
328.5
Explanation:
18000*annual interest rate*days/360
18000*7.3%*90/360 = 328.5
Based on the amount accepted as notes receivables and the interest rates, the individual that will pay the least interest is Individual 3.
Individual 1: Individual 2:
= Amount x Interest x Period / year = 18,000 x 5.98% x 1 year
= 18,000 x 6.75% x 4/12 months = $1,076.40
= $405
Individual 3: Individual 4:
= 18,000 x 7.3% x 90/365 days = 18,000 x 7.15% x 8/12 months
= $324 = $858
In conclusion, Individual 3 will pay the least interest.
The customers in question are:
A. Individual 1 has an annual interest rate of 6.75% and a maturity date of four months.
B Individual 2 has an annual interest rate of 5.98% and a maturity date of one year.
C Individual 3 has an annual interest rate of 7.3% and a maturity date of 90 days.
D. Individual 4 has an annual interest rate of 7.15% and a maturity date of eight months.
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Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offered to build a community park to balance out the negative impact the factory might cause. Which moral standard of social responsibility is the business observing?
Answers
Answer:
Corporate Citizen Moral Standard
Explanation:
The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.
the fact that your cell phone is using outdated technology within a year or two of purchase is an example of .
Answers
The fact that your cell phone is using outdated technology within a year or two of purchase is an example of obsolescence.
What is obsolescence?Obsolescence is the process of becoming outdated or obsolete. A product's lifespan is determined by its obsolescence rate, which refers to how quickly it becomes obsolete.
When something becomes outdated, it is no longer useful, and newer versions of the item are frequently required. For example, a computer system might become obsolete within a few years of purchase due to the rapid pace of technological advancements.
In the same way, a cell phone using outdated technology within a year or two of purchase is an example of obsolescence.
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What is the first step to creating a winning value proposition?.
Answers
Answer:
Tactics to Develop an Effective Value Proposition. Conduct research to determine the value proposition of your competitors. Explain the value of your products and services. Describe the benefits your ideal customer will experience when they choose your product or service over the competition.
Henry works at a restaurant. One of his best chefs has just called in sick minutes before the dinner rush, and Henry needs to make sure that his inexperienced kitchen staff is preparing food with quality and speed. In this example, which style of leadership would be most effective for Henry to achieve his goals?
Answers
Answer:
b.
Coaching
Explanation:
Answer:
is B. Coahing
Explanation: here is the proof
Net Income and OCF [LO2] During 2009, Raines Umbrella Corp. Had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $105,000, and $135,000, respectively. In addition, the company had an interest expense of $75,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions. ) a. What is Raines's net income for 2009? b. What is its operating cash flow? c. Explain your results in (a) and (b)
Answers
Raines Umbrella Corp.'s net income for 2009 was $107,250 and Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250
a. To find the net income, we need to start with the company's revenue and subtract all expenses, including interest expense and taxes:
Revenue = $730,000
Cost of goods sold = $580,000
Administrative and selling expenses = $105,000
Depreciation expenses = $135,000
Interest expense = $75,000
Earnings before taxes (EBT) = Revenue - Cost of goods sold - Administrative and selling expenses - Depreciation expenses - Interest expense
EBT = $730,000 - $580,000 - $105,000 - $135,000 - $75,000
EBT = $(165,000)
Taxes = EBT * Tax rate
Taxes = $(165,000) * 35%
Taxes = $57,750
Net income = EBT - Taxes
Net income = $(165,000) - $57,750
Net income = $107,250
Therefore, Raines Umbrella Corp.'s net income for 2009 was $107,250.
b. To find the operating cash flow (OCF), we need to start with the company's net income and add back non-cash expenses like depreciation:
Net income = $107,250
Depreciation expenses = $135,000
OCF = Net income + Depreciation expenses
OCF = $107,250 + $135,000
OCF = $242,250
Therefore, Raines Umbrella Corp.'s operating cash flow for 2009 was $242,250.
c. Raines Umbrella Corp. had a net income of $107,250 for 2009, meaning that after all expenses and taxes were paid, the company had a profit of $107,250. This is a measure of the company's financial performance over the years.
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2. What is the name of the tendency for your body to stay “in motion" through the air
Answers
Answer:
please mark as brainliest
Explanation:
ans: Inertia
Inertia is the tendency of a body in motion to remain in motion through the air.
The name of the tendency where the body has to stay in motion via the air is inertia.
The following information related to the inertia is:
It is the resistance with respect to the physical object along with its velocity. It involved the speed variation or the motion direction.It is the object's tendency where it remains to move in the straight line having the same speed at the time when no force is acted.Therefore we can conclude that the name of the tendency where the body has to stay in motion via the air is inertia.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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in the short run, at a market price of $15 per shirt, this firm will choose to produce shirts per day.
Answers
In the short run, a firm's decision to produce shirts per day at a market price of $15 depends on its production costs. To determine the optimal quantity, the firm needs to compare the price with its average variable cost (AVC).
If the market price of $15 is higher than the firm's AVC, it will choose to produce shirts. Let's say the firm's AVC is $10 per shirt. In this case, the firm will produce shirts as long as the price is above its AVC to cover variable costs and make some profit.
However, if the market price is below the firm's AVC, it would be more cost-effective for the firm to shut down temporarily and minimize losses.
This is because producing shirts at a price lower than the AVC would result in losses that exceed the fixed costs.
So, if the market price of $15 per shirt is higher than the firm's AVC, the firm will choose to produce shirts per day.
But if the price is below the AVC, the firm may decide to temporarily shut down its operations to avoid losses.
Remember that this analysis is specific to the short run, where firms have fixed costs that cannot be easily adjusted.
In the long run, firms can make changes to their production levels and fixed costs to better adapt to market conditions.
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In the short run, the firm's decision to produce shirts per day at a market price of $15 depends on its cost structure.
To determine the quantity of shirts the firm will choose to produce, we need to consider the firm's cost of production and the price at which it can sell each shirt.
If the firm's average variable cost (AVC) of producing a shirt is lower than the market price of $15, then it would be profitable for the firm to produce more shirts. In this case, the firm will choose to produce more shirts per day.
However, if the firm's AVC is higher than $15, it would mean that the cost of producing each shirt exceeds the revenue it can generate by selling it. In this situation, the firm would incur losses by producing shirts, and it would be rational for the firm to reduce its production or even temporarily shut down.
So, without information about the firm's AVC, it is not possible to determine the exact quantity of shirts the firm will produce per day at a market price of $15. The firm's decision will depend on its cost structure and the relationship between the market price and its costs of production.
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Describe some ways a professional salesperson should deal with rejection in this process (according to your text.) (Provide your written response below. You are not limited by the space given)
Answers
A professional salesperson should deal with rejection by maintaining a positive mindset, analyzing and learning from rejection, seeking feedback, reframing rejection as an opportunity, practicing resilience, and seeking support. These strategies can help salespeople effectively handle rejection and ultimately improve their sales performance.
1. Maintain a positive mindset: It's important for a salesperson to stay positive even in the face of rejection. They should understand that rejection is a normal part of the sales process and not take it personally. By maintaining a positive mindset, they can bounce back quickly and continue with their efforts.
2. Analyze and learn from rejection: Instead of dwelling on the rejection, a professional salesperson should take the opportunity to analyze the situation and learn from it. They should evaluate their approach, pitch, and communication to identify any areas for improvement. By understanding the reasons for rejection, they can make necessary adjustments and enhance their future sales efforts.
3. Seek feedback: After facing rejection, a salesperson can reach out to the prospect or their sales manager to seek feedback. Feedback can provide valuable insights into the reasons behind the rejection and offer suggestions for improvement. Actively seeking feedback shows a willingness to learn and grow, and it can help a salesperson refine their skills and strategies.
4. Reframe rejection as an opportunity: Instead of viewing rejection as a failure, a professional salesperson should reframe it as an opportunity. Rejection can lead to new insights, a better understanding of the market, and the identification of target customer pain points. By seeing rejection as a chance to refine their approach and better understand their customers, a salesperson can turn it into a stepping stone towards success.
5. Practice resilience: Resilience is a crucial trait for a salesperson. They should be able to bounce back from rejection and continue their sales efforts with determination. This can involve setting daily or weekly goals, maintaining a consistent routine, and focusing on the positive aspects of the job. By practicing resilience, a salesperson can maintain motivation and drive despite facing rejection.
6. Seek support: Dealing with rejection can be challenging, and it's important for a salesperson to have a support system in place. This can involve seeking advice from colleagues or mentors, attending sales training programs or workshops, or even joining professional networking groups. Having a support network can provide encouragement, guidance, and new perspectives to help navigate the challenges of rejection.
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When an employee is terminated, IS administrators should receive advance notice so that they can ________.
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When the employee is terminated the IS administrators should receive advance notice so that they can remove the user account and password.
By terminated, this means that this employee has ceased to be a worker of the organization. As a person that no longer works there, it would be of no use for them to still have access to company facility.
If the user account and the password is not removed, this employee would be able to find his way into the database of the company. He would still have a hold on confidential information.
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define digital finance platforms, mobile payments, digital asset management, blockchain technology, cryptography use each term in a sentence
Answers
Digital finance platforms are websites that use digital technologies to offer financial services like payments, loans, and investments.
What does blockchain mean for online finance?A protocol for a peer-to-peer electronic cash system was likely designed by Satoshi Nakamoto in response to the 2008 global financial industry meltdown. This protocol served as the basis for the distributed ledger technology known as blockchains. Blockchain functions somewhat like a global ledger or spreadsheet.
What does the term "blockchain technology" mean?A sophisticated database system called blockchain technology enables transparent information sharing inside a company network. Data is kept in blocks that are connected together in a chain and stored in a blockchain database.
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What detail most clearly develops the central idea in the first question you answered?
Group of answer choices
"Plasmodium’s ancestors probably rubbed shoulders with the eggs and larvae of mosquitoes, similarly floating on sun-dappled waters.” (paragraph 7)
“And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2)
"The survivors learned how to withstand the diseases’ ravages, though, and in time both measles and smallpox settled into being unremarkable childhood illnesses. . . .” (paragraph 1)
“The rest of us all do our obscure little part in the drama of life, weaving ourselves deeper into local ecology. . . .” (paragraph 4)
braiiest
Answers
The detail that most clearly develops the central idea in the first question is “And yet, despite the millennia-long battles between us, malaria still manages to infect at least three hundred million of us— . . . and kills nearly one million, year after year.” (paragraph 2).
What can be said of the Malaria pathogen?The first question has the central idea that the malaria pathogen has not become less deadly over the centuries.
This is proven by the fact that even though humanity has fought the malaria pathogen for thousands of years, it still infects millions every year and leads to the death of almost of million people.
This means that the pathogen is still very strong and has not grown to be less deadly like measles and smallpox.
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The items below list several e-mail practices. If the practice describes something workers should do when using e-mail for business purposes, select Do. If the practice describes something workers should not do when using e-mail for business purposes, select Don't.
include a signature.
include lots of exclamation marks to get your point across.
include the thread of previous messages.
make e-mail messages brief.
always mark messages as urgent so your e-mails will be read first.
use a relevant subject line.
use all capital letters when the message is urgent.
Answers
Answer:
do
don't
do
do
don't
do
dont
How much of gross income should go to savings?
Answers
The percentage of gross income that should go to savings depends on an individual's or organization's financial goals and circumstances.
In general, financial experts recommend saving a minimum of 10% to 15% of gross income. This can help individuals and organizations build an emergency fund and make progress towards long-term financial goals, such as saving for retirement or buying a house.
However, some experts recommend saving up to 50% of gross income, especially if you are trying to pay off debt, save for a short-term goal, or are on a tight budget.
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explain five characteristics of economic resources
Answers
Answer:
Scarcity; they are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants
Explanation:
I dont know the rest, lmk if im wrong
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answers
do not understand what you are saying
You should not be descriptive when writing a business letter?
True
False
Answers
Answer:
False
Explanation:
In descriptive writing, the author uses details to express their ideas. They use words to evoke emotions and paint a picture of the message they are trying to convey.
A business letter should be brief, concise, and clear. The author of a business letter should use as few words as possible to put their message across. For this reason, descriptive writing is not good for business letters.
Answer:
false
Explanation:
__________ is a measure of the relative mix of a business's variable costs and fixed costs, computed as contribution margin divided by income from operations.
Answers
Answer:
activity base (driver)
Paul expressed frustration that the same advertisement was aired several times during aprogram. His frustration was with the ______ of the ad.A)click-through rateB)impressionsC)frequencyD)gross rating pointsE)reach
Answers
Paul expressed frustration that the same advertisement was aired several times during a program. His frustration was with the frequency of the ad.
Top-of-thoughts consciousness is whilst clients imply that they recognize the emblem whilst the call is offered to them. Betty is assessing the impact of her firm's advertising communications. She ought to recall that the remaining purpose is to force the receiver to action.
Targeted advertising is discovering and knowledge your potential customers' pastimes and desires so that you can consciousness your message — and your advertising budget — at the unique target market phase maximum probable to buy your product or service.
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what would happen if the european union put a quota on american jeans and only allowed 4,000 pairs of jeans to be imported?
Answers
If the European Union (EU) were to implement a quota on American jeans, limiting the number of pairs that could be imported to 4,000, it would likely have several effects.
Protection of local industries: The quota would protect local European manufacturers of jeans, who would otherwise have to compete with the large number of cheaper American jeans.
Price increase: With limited supply, the price of American jeans in the EU market would likely increase, as the demand would still be there.
Negative impact on American jeans manufacturers: The quota would limit the number of American jeans that could be sold in the EU, potentially leading to a decrease in demand for American jeans and a reduction in sales for American manufacturers.
Trade tensions: The quota could lead to trade tensions between the EU and the United States, as American manufacturers would likely see the quota as a barrier to trade.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answers
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
Which of the following are exempt from escrow licensing requirements?
(a) banks
(b) savings and loan associations
(c) attorneys
(d) all of the above
Answers
The correct answer is (d) all of the above. Banks, savings and loan associations, as well as attorneys, are exempt from escrow licensing requirements.
These entities are considered to have the necessary expertise and regulatory oversight in place to handle escrow services without requiring additional licensing. This exemption recognizes their established roles and responsibilities in financial and legal matters.
Banks and savings and loan associations are exempt from escrow licensing requirements because they are already subject to strict regulations and oversight by financial regulatory authorities. These institutions have the necessary infrastructure and safeguards in place to handle escrow transactions securely.
Attorneys, on the other hand, are exempt because their professional responsibilities and fiduciary duties already require them to handle client funds and transactions in a trustworthy manner. The legal profession is regulated by bar associations and licensing boards that ensure attorneys adhere to ethical standards and professional conduct. Therefore, these exemptions acknowledge the existing regulatory frameworks that govern banks, savings and loan associations, and attorneys, making additional escrow licensing requirements unnecessary for them.
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Advocates of floating rates pointed out that Group of answer choices removal of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency values would restore fiscal control. imposing of the obligation to peg currency values would restore monetary control to central banks. imposing of the obligation to peg currency would restore monetary control to the consumer. removing of the obligation to peg currency values would restore fiscal control.
Answers
Answer:
removal of the obligation to peg currency values would restore monetary control to central banks.
Explanation:
The Federal Reserve (Fed) and Central banks (lender of last resort) are readily accessible and available to give monetary funds to depository financial institutions when they're running out of money and as well as regulate their activities.
Generally, monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Hence, advocates of floating rates pointed out that removal of the obligation to peg currency (setting specific fixed exchange rate) values would restore monetary control to central banks.
Topic: Consolidated worksheet, consolidated financial statements. Task Details: Consolidation worksheet entries, consolidated financial statements. Jonathan Ltd acquired all the issued shares (ex-div.) of Thomas Ltd on 1 July 2020 for $246000. At this date the equity of Thomas Ltd consisted of: At the acquisition date all the identifiable assets and liabilities of Thomas Ltd consisted of: The inventories were all sold by 30 June 2020. The land was sold on 1 February 2021 for $150000. The plant was considered to have a further 5-year life. The plant was sold for $155000 on 1 January 2022. Also, at acquisition date Thomas Ltd had recorded a dividend payable of $7000 and goodwill (net of accumulated impairment losses of $13000 ) of $5000. Thomas Ltd had not recorded some internally generated brands that Jonathan Lid considered to have a fair value of $12000. The brand was considered to have an indefinite life. Also, not recorded by Thomas Ltd was a contingent liability relating to a current court case in which Thomas Ltd was involved and a supplier was seeking compensation. Jonathan Ltd placed a fair value of $15000 on this liability. This court case was settled in May 2022 at which time Thomas Lid was required to pay damages of $16000. In February 2021. Thomas Ltd transferred $20000 from the general reserve on hand at 1 July 2020 to retained earnings. A further $15000 was transferred in February 2022. Both companies have an equity account entitted 'Other components of equity' to which certain gains and losses from financial assets are taken. At 1 July 2021, the balances of these accounts were $30000 (Jonathan Ltd) and $15000 (Thomas Ltd). The financial statements of the two companies on 30 June 2022 contained the following information:
Answers
The consolidated worksheet entries and adjustments for the acquisition of Thomas Ltd by Jonathan Ltd need to be made to prepare the consolidated financial statements.
To prepare consolidated financial statements, the acquisition of Thomas Ltd by Jonathan Ltd needs to be accounted for.
This involves making various adjustments and entries in the consolidation worksheet. These adjustments include eliminating the equity of Thomas Ltd, recognizing the fair value of assets and liabilities, adjusting for the sale of inventories and land, recognizing the impairment of goodwill, recording the fair value of internally generated brands, accounting for the contingent liability and subsequent settlement, and considering transfers between reserves.
These entries and adjustments ensure that the consolidated financial statements reflect the combined financial position, performance, and cash flows of both companies as if they were a single entity.
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What is true about contemporary Indian Economy
Answers
Answer:
There is a great scope for its growth in the future.
Hope this helps.
victims of identity theft can request a credit freeze.
Answers
Answer:
True
Explanation:
People can use the victims credit card
The statement, "victims of identity theft can request a credit freeze" is true.
A credit freeze is a recognized and widely utilized measure to protect oneself from further identity theft-related harm.
By requesting a credit freeze, individuals can restrict access to their credit reports, reducing the risk of unauthorized accounts being opened in their name.
This measure serves as a preventive barrier, making it more difficult for identity thieves to exploit the stolen information.
Additionally, credit freezes are legally supported and regulated in many jurisdictions, providing victims with the right to request and implement this safeguard.
Thus, it is a recommended step in the aftermath of identity theft incidents to enhance security and regain control over personal financial information.
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