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2 years ago

You lost $65,000 out of your original $105,000 investment. What percentage of your initial investment was lost?

Business

1 answer:

cestrela7 [59]2 years ago

6 0

Answer:

The answer is 62% (B)

Explanation:

The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.

Also, I just got this question and I got it correct.

Hope this helps!!

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Kit Company borrows $5 million at 12% on January 1, 2016, specifically for the purpose of financing the construction of a buildi

kakasveta [241]

Answer:

1. The amount of interest expense Kit would capitalize related to the construction of the building is $300,000.

2. The amount of interest revenue Kit would recognize is $275,000.

3. The amount of interest revenue Kit would capitalized as per IFRS (IAS 23) is $25,000.

Explanation:

1. Compute the amount of interest expense Kit would capitalize related to the construction of the building.$

Note: See part 1 of the attached excel file for the calculation of average expenses incurred for the building

Average expenses incurred for the building = $2,500,000

Interest rate = 12%

Interest expense to capitalize = $2,500,000 * 12% = $300,000

Therefore, the amount of interest expense Kit would capitalize related to the construction of the building is $300,000.

2. Compute the amount of interest revenue Kit would recognize.$

Note: See part 2 of the attached excel file for the calculation of the total interest revenue.

Amount of interest revenue = $275,000

Therefore, the amount of interest revenue Kit would recognize is $275,000.

3. Assume that Kit uses IFRS. What amount of interest would be capitalized related to the construction of the building?$

The IAS 23 Clause 12 states that to the extent that an entity borrows funds specifically for the purpose of obtaining a qualifying asset, the entity shall determine the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings.

Based on the above, the amount of interest that would be capitalized related to the construction of the building can be calculated as follows:

Amount of interest revenue to capitalized as per IFRS = Interest expense to capitalize - Total interest income = $3000,000 - $275,000 = $25,000

Therefore, the amount of interest revenue Kit would capitalized as per IFRS (IAS 23) is $25,000.

Download xlsx

4 0

2 years ago

Why is it important for the ALSA management team to understand the importance of social media in their work?

Bad White [126]

Answer: the ALSA management team must understand the importance of social media in their work because of globalization. People can work from one country to another country through social media. Through social media you can get answer to your problems at work quickly.

Explanation:

7 0

2 years ago

Read 2 more answers

____________ negotiate with one another, buy and sell products and facilitate the change of ownership between buyer and seller i

Arada [10]

Answer:

Intermediaries

Explanation:

The reason is that the intermediaries are the ones that helps the suppliers and the buyers of the products to to move the product to the end customers. This intermediary is the part of distribution channels that helps in delivering the product to the end customers.

5 0

2 years ago

Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise

algol13

Answer:

Corporate policy

Explanation:

Corporate policy is a set of procedures recommendations that is based on the analysis of internal and external factors that will benefit the organization to cope up with problems and avoid an adverse outcomes.

The reason is that the company wants to increase the productivity of its labor which will help them to control cost by encouraging its employee to exercise daily. This act was not oriented towards to benefit employee, it was purely for the increase in productivity. So this serious position on fitness is its part od corporate policy.

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2 years ago

Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstan

Natasha2012 [34]

Answer:

Pharaoh will reduce its cash balance by $1,130

None of the answer options was correct, maybe something was missing in the question like notes collected or other NSF checks.

Explanation:

Pharaoh Company's bank reconciliation:

balance per bank account $23,700

- outstanding checks ($4,800)

+ deposits in transit $7,750

- NSF checks ($500)

total $26,150

- cash balance per books ($27,280)

difference ($1,130)

In order to reconcile the bank account, we do not consider any bank service fees because they are already included in the bank balance. What we must consider are the NSF checks that we deposited and thought were good checks, but instead they bounced.

3 0

2 years ago