| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
The inventory decrease represents a future value of $13,416.27. To evaluate this result is subtracting the present value to the future value. In the Figure 4, can see the calculus for the results. Figure 4 Calculating Present Value and Future Value [pic] In the type of industry you belong to La Boutique "C", a result of decrease in inventory as projecting the forecast does not necessarily mean lost. This decrease should be tied to a plan and sales strategies and goals established in the organization.
The final component of trading accounts is gross profit; gross profit is the amount of money that is left after the cost of goods sold has been taken away from the stock turnover. The formula for gross profit is sales turnover – cost of goods sold. According to business alpha the gross profit was 410,000.
They test their goodwill for impairments annually. The steps to test for it are to estimate the fait market value, compare the fair value with carrying amount (if carry value is more than the fair value, goodwill is impaired), and the company records the impairment loss equalling excess of carrying value over fair market value of goodwill. 5. Certain other indefinite-lived intangibles and other long-lived assets (including intangible assets with a finite life) are also subject to impairment assessment. Did Nike incur any of these impairment charges in 2009?
3.1.10 Cash Budget The cash budget is “an estimation of the cash inflows and outflows for a business for a specific period of time. Cash budget are used to assess whether the entity has sufficient cash to fulfil regular operations and whether too much cash is being left in unproductive capacities”. (Reference 2) The cash budget is prepared in advance for the first 6 months, and a cash deficit of £20,364 and £2,228 were incurred in January and February. A second-hand bottling plant was purchased in January which cost £420,000. The business required £30,000 cash for working capital.
only the portion of the loss attributable to inventory sold during the period is recorded in the financial statements. B. the market value figure for ending inventory is substituted for cost and the loss is buried in cost of goods sold C. a loss is recorded directly in the inventory account by crediting inventory and debiting loss on inventory decline. D. there is a direct reduction in the selling price of the product that results in a loss being recorded on the income statement prior to the sale. 15) Designated market value A. may sometimes exceed net realizable value. B. should always be equal to net realizable value less a normal profit margin.
This reduces the carrying costs of the inventory that is ordered as well as insuring that unused items are not held from month to month. A third way to increase working capital is to realign the billing and payment schedules for the company. Currently products are invoiced to customers at the end of the month with terms of net30. Suppliers invoice the company at the end of the month with terms of net15. This disparity of terms can impact working capital as money flows out in the middle of the month but does not flow in until the end of the month.
2(d) Yes, it would be better as you can claim first year expense deduction for equipment purchased, claim expenses and deduct your business losses. Because the expenses of a small business can be claimed on Form1040 Schedule A.
4.1: Performance Report: This report shows how well/poorly a business is doing based on a current revenue, and can identify performance areas that may need improvement. Written for: Supervisors, managers, operations managers, CEO/Head office and relevant stakeholders. 4.2: Activity Statement: Used to identify and summarise GST amounts payable and receivable for a business over a certain period, may include PAYG income tax, PAYG tax withheld, Fringe benefits tax and fuel tax. All business owners registered for GST must lodge a BAS statement for each period, for every 28 day period that a business doesn’t lodge will incur a charge of
Lemonade Stand Season One and Two Financial Report BUS599: Introduction to Quantitative Principles Instructor: David Gualco April 8, 2013 Lemonade Stand Season One and Two Financial Report Summery report demonstrates findings on Lemonade stand operation on Season one and two. The sales data has been collected and charted in journals for both seasons and compared in income statement and balance sheet. Comparing financial statements helps analysis to determine if business is a good investment, or whether you have been performing according to plan. Every company should have considerable business planning before it started business operations. So, after business is operating, you will need to compare your actual performance (from your current financial statements) against your planned performance (from your pro forma financial statements).