A. Sypathi, a public limited company, acquired 40% of voting rights of Humber and remaining investors hold 5% each. A shareholders’ agreement gives Sypathi the right to appoint, remove and set remuneration for management responsible for key decisions of Humber. To vary the agreement, a two-thirds majority vote of shareholders is needed. Use the IFRS definition of control to determine whether Sypathi controls Humber. (5 marks)
B. Phoenix, an agro-chemical company, acquired 30% of the shares of a leading chemical producer, Chem Tech. Phoenix is a representative on the Board of Directors and currently provides technical information to Chem Tech which means that Phoenix will participate in the policymaking process. What is the relationship between Phoenix and Chem Tech? Use relevant information provided to support your answer. (5 marks)
C. Describe the consolidation process according to IFRS 10. In your response, you should highlight the need for preparing consolidated financial statements. (5 marks)
D. With the use of relevant Jamaican examples, define the following according to IFRS 10:
i. Parent
ii. Group
iii. Non-controlling interest
iv. Subsidiary
v. Goodwill

Answers

Answer 1

Based on the information provided, Sypathi controls Humber according to the IFRS definition of control.

Does Sypathi control Humber according to IFRS?

According to the IFRS (International Financial Reporting Standards) definition of control, an entity is considered to have control over another entity when it has the power to govern the financial and operating policies of that entity in order to obtain benefits.

In this case, Sypathi, a public limited company has acquired 40% of the voting rights of Humber which gives it a significant level of influence in decision-making. Furthermore, the shareholders' agreement grants Sypathi the right to appoint, remove, and set remuneration for the management responsible for key decisions of Humber.

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Related Questions

If User documentation is part of the definition of done and there is no technical writer in the scrum team, how the situation is dealt?
A. Should the dev team create user documentation still
B. wait for the technical writer to be on the scrum team and let them take care of it
C. form a separate team of tech writers
D. let it be undone until the last development sprint?

Answers

When User documentation is part of the definition of done in a Scrum team, there are a few possible approaches to deal with the situation:

A. Should the dev team create user documentation still: In this case, the development team can take the responsibility of creating the user documentation themselves.

B. Wait for the technical writer to be on the Scrum team and let them take care of it: If there is a plan to include a technical writer in the Scrum team in the near future, the team can decide to wait for the technical writer to join and handle the user documentation tasks.

C. Form a separate team of tech writers: Another option is to form a separate team or collaborate with an existing technical writing team to handle the documentation tasks. This team can work in parallel with the development team and create the necessary user documentation based on the information provided by the developers.

D. Let it be undone until the last development sprint: This option is not recommended as it goes against the principle of having a "definition of done" that includes user documentation.

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The boiler approach leads to (select all that apply) increased training costs cut throat environment high levels of job satisfaction high turnover

Answers

While the boiler approach may potentially result in increased training costs and a cut-throat environment, it is unlikely to lead to high levels of job satisfaction and is often associated with high turnover.

The boiler approach, also known as the "boiler room" approach, refers to a high-pressure sales or work environment where employees are subjected to intense pressure to meet sales targets or performance goals. In such an environment, there are several potential outcomes, and it's important to note that the impact may vary depending on the individuals involved and the specific context.

Increased training costs can be a possible consequence of the boiler approach. Due to the high turnover often associated with this approach, companies may find themselves constantly training new employees to replace those who leave. This turnover can also result in a cut-throat environment where individuals compete fiercely against each other to achieve their targets, often sacrificing teamwork and cooperation.

However, the boiler approach is generally not conducive to high levels of job satisfaction. The intense pressure and demanding expectations can lead to stress, burnout, and a lack of work-life balance. This, in turn, can contribute to lower job satisfaction among employees.

Moreover, the high turnover associated with the boiler approach can disrupt team dynamics and create an unstable work environment. When employees frequently leave, it can be challenging to build strong, cohesive teams, which can impact overall productivity and performance.

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2) Why brands fail in international markets? (25 points) a) Why Starbucks failed in Australia

Answers

Starbucks did not provide the same quality of coffee that Australians expected, which resulted in low customer demand for Starbucks. As a result, the chain was unable to gain a foothold in the market.

Brand failure in international markets is a frequent occurrence. Brands often struggle to expand and become successful in new markets due to a variety of factors. Here are some reasons why brands fail in international markets:1. Lack of cultural understanding: One of the most significant reasons for brand failure in international markets is a lack of cultural understanding.

Brands frequently make the mistake of assuming that what works in their home country will work in other countries as well.2. Lack of market research: Brands that fail in international markets are typically those that lack adequate market research. Without a thorough understanding of the market, brands may fail to recognize customer needs and preferences.

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Square Hammer Corp. shows the following information on its 2018 income statement: Sales $222,000; Costs = $132,000; Other expenses = $7,900; Depreciation expense $19,700, Interest expense = $14,000, Taxes = $16,940; Dividends = $11,000. In addition, you're told that the firm issued $5,500 in new equity during 2018 and redeemed $4,000 in outstanding long-term debt.
a. What is the 2018 operating cash flow? (Do not round intermediate calculations.)
b. What is the 2018 cash flow to creditors? (Do not round intermediate calculations.)
c. What is the 2018 cash flow to stockholders? (Do not round intermediate calculations.)
d. If net fixed assets increased by $20,000 during the year, what was the addition to NWC? (Do not round intermediate calculations.)

Answers

a)Operating Cash Flow= $91,860 b) Cash flow to creditors =  $18,000 c)Cash flow to stockholders =$5,500 d) Thus, the Addition to NWC was $2,200. are the answers

a) Calculation of Operating Cash Flow:

Operating cash flow = EBIT + Depreciation – Taxes+ Increase in Current Liabilities – Increase in Inventory+ Increase in

Current Assets – Increase in Accounts Receivables= $91,860

b) Calculation of Cash flow to creditors:

Cash flow to creditors = Interest paid – Net new borrowing= $14,000 – (–$4,000)= $18,000

c) Calculation of Cash flow to stockholders:

Cash flow to stockholders = Dividend paid – Net new equity raised= $11,000 – $5,500= $5,500

d) Calculation of Addition to NWC:

Increase in NWC = Increase in CA – Increase in CL – Increase in FANWC= $7,700 – $5,500 – $20,000NWC= $2,200

Thus, the Addition to NWC was $2,200.

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Determine the amount of the child tax credit in each of the following cases:

a. A single parent with modified AGI of $213,700 and one child age 4.
b. A single parent with modified AGI of $78,300 and three children ages 7, 9, and 12.
c. A married couple, filing jointly, with modified AGI of $408,233 and two children age 14 and 16.
d. A married couple, filing jointly, with modified AGI of $132,355 and one child, age 13.

Answers

The amount of the child tax credit varies depending on the taxpayer's modified AGI and the number of qualifying children. The specific amounts for each case provided are as follows:

a. In the case of a single parent with a modified AGI of $213,700 and one child age 4, the child tax credit is $2,000 per child.

b. For a single parent with a modified AGI of $78,300 and three children ages 7, 9, and 12, the child tax credit is $2,000 per child, resulting in a total credit of $6,000.

c. In the scenario of a married couple, filing jointly, with a modified AGI of $408,233 and two children age 14 and 16, the child tax credit is $2,000 per child, leading to a total credit of $4,000.

d. For a married couple, filing jointly, with a modified AGI of $132,355 and one child, age 13, the child tax credit is $2,000.

The child tax credit is a tax benefit provided by the Internal Revenue Service (IRS) to eligible taxpayers who have dependent children. The amount of the credit is $2,000 per qualifying child. However, the credit begins to phase out for taxpayers with modified adjusted gross income (AGI) above certain thresholds.

In case (a), the single parent's modified AGI is $213,700, which exceeds the phase-out threshold for the child tax credit. Therefore, the parent is eligible for the maximum credit of $2,000 for one child.

For case (b), the single parent's modified AGI of $78,300 is below the phase-out threshold. Hence, the parent qualifies for the full child tax credit of $2,000 for each of the three children, resulting in a total credit of $6,000.

In scenario (c), the married couple's modified AGI is $408,233, which exceeds the phase-out threshold. Thus, they are eligible for the maximum credit of $2,000 for each child, resulting in a total credit of $4,000 for their two children.

Lastly, in case (d), the married couple's modified AGI of $132,355 is below the phase-out threshold, making them eligible for the full child tax credit of $2,000 for their one child.

It's important to note that these calculations are based on the information provided, and individual circumstances may vary. Taxpayers are advised to consult the IRS guidelines or a tax professional for specific and up-to-date information regarding their eligibility and the amount of the child tax credit.

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imagine that in 2016 a u.s. firm acquired a plant in france. in 2017 that plant accounted for 10 percent of the u.s. firm’s sales. why is the u.s. firm not a multinational enterprise?

Answers

The U.S. firm is not considered a multinational enterprise because the acquisition of a plant in France and the plant's contribution to 10 percent of the firm's sales in 2017 do not meet the criteria for multinational status.

A multinational enterprise (MNE) is a company that operates and conducts business in multiple countries. MNEs typically have a significant presence and engage in substantial operations in foreign markets. They establish subsidiaries, branches, or plants in different countries to expand their global reach and take advantage of international business opportunities.

In the given scenario, although the U.S. firm acquired a plant in France, the plant's contribution to only 10 percent of the firm's sales in 2017 does not indicate a substantial presence or significant operations in foreign markets. The firm's business activities are primarily concentrated within the United States, and the acquisition of a single plant in France does not meet the threshold for being classified as a multinational enterprise.

To be considered a multinational enterprise, a company must have a notable presence and engage in substantial operations in multiple countries. The acquisition of a single plant in France, accounting for 10 percent of the U.S. firm's sales, does not meet the criteria for multinational status. The firm's operations remain primarily centered within the United States.

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Littleton Inc is considering expanding its operations outside of the United States. Littleton has a strong U.S. brand, allowing it to earn to a high PM. Littleton’s management knows its international PM will be significantly lower but believes it can operate more efficiently abroad. Currently, Littleton has $220 million in NOA and $440 million in annual sales, generating a NOPAT of $33 million. Littleton’s management group believes expanding international would result in incremental sales of $90 million, requiring an investment in additional NOA, including pates its international operating income, after-tax, to be $6 million. Based solely on the above financial consideration, explain whether you would recommend management to expand internationally.

Answers

Based solely on the above financial consideration, management should expand internationally.

We must calculate Littleton Inc’s incremental operating profit by taking the difference in incremental sales and incremental NOA and multiplying it by incremental PM. NOA is calculated as the difference between assets and liabilities, which can be found by deducting liabilities from assets.

The incremental operating profit can be calculated as follows:

Incremental Sales = $90 million

NOA required to generate incremental sales = Incremental sales / Sales = $90 million / $440 million = 0.2045

Incremental NOA = Incremental sales × Incremental NOA = $90 million × 0.2045 = $18.405 million

Incremental Operating Profit = (Incremental Sales - Incremental NOA) × Incremental PM= ($90 million - $18.405 million) × 5.5% = $3.6085 million

NOPAT is net operating profit after taxes. Therefore, international operating income (after-tax) can be calculated as follows:

International Operating Income (after-tax) = Incremental Operating Profit × (1 - Tax Rate)= $3.6085 million × (1 - 0.4) = $2.1651 million

Therefore, based solely on the above financial consideration, it is recommended that management expand internationally as Littleton Inc can earn an incremental operating income of $2.1651 million by investing $18.405 million in additional NOA, thereby expanding its sales by $90 million.

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.All of the following are factors in the determination of actual cash value EXCEPT a. insurance premium paid b. type and quality of property c. age of the property d. replacement cost

Answers

All of the following are factors in the determination of the actual cash value of an insurance premium paid.

The option (A) is correct.

Actual cash value (ACV) is the worth of a resource after representing devaluation and taking into account factors like the sort and nature of the property, age of the property, and substitution cost. The insurance installment paid, then again, is the sum the policyholder pays for protection inclusion and isn't a calculation deciding the real money worth of the property.

The premium paid depends on variables, for example, inclusion sum, risk elements, and insurance agency strategies, however, it doesn't straightforwardly influence the estimation of the genuine money esteem.


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You put money into an account and earn an after-tax real interest rate of 2.5 3 percent. If the nominal interest rate on the account is 10 percent and the inflation rate is 3 percent, then what is the tax rate? 45,00 percent 67,50 percent 53.75 percent 43.75 percent When the money market is drawn with the value of money on the vertical axis, if there is a shortage of money then the value of money rises which will make people desire to hold more money. the value of money rises which will make people desire to hold less money. the value of money falls which will make people desire to hold more money the value of money falls which will make people desire to hold less money. Suppose the money market, drawn with the value of money on the vertical axis, is in equilibrium. If the money supply increases, then at the old value of money there is an excess demand for money that will result in an increase in spending. excess supply of money that will result in an increase in spending excess supply of money that will result in a decrease in spending. excess demand for money that will result in a decrease in spencing.

Answers

The tax rate in this scenario is 43.75 percent.

When the money market experiences a shortage of money, the value of money rises, leading people to desire to hold more money. This occurs because the scarcity of money makes it more valuable, and individuals seek to acquire and hold onto it.

If the money supply in the market increases, at the old value of money there will be an excess demand for money. This results in an increase in spending as people attempt to acquire the additional money available. Conversely, if there is a decrease in the money supply, an excess supply of money will be present, leading to a decrease in spending.

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T/F. in a resource constrained project, the work must be finished by a certain time, or date, as efficiently as possible.

Answers

False, In a resource-constrained project, the work must be finished within a certain time or date, but not necessarily as efficiently as possible.

Resource constraints refer to limitations in terms of available resources such as budget, manpower, equipment, or materials. The focus is on completing the project within the given constraints rather than optimizing efficiency.

Resource-constrained projects require careful resource allocation and management to ensure that the available resources are utilized effectively to meet project objectives.

The project team needs to prioritize tasks and allocate resources in a way that balances the project's time, cost, and scope constraints.

Efficiency, on the other hand, relates to achieving the project goals with the least amount of wasted resources, time, or effort. While efficiency is desirable in any project,

it may not always be the primary focus in resource-constrained projects. The emphasis is more on delivering the project within the given resource limitations, even if it means making trade-offs and compromises.

Therefore, in a resource-constrained project, the primary objective is to complete the work within a specific time or date, considering the available resources, rather than optimizing efficiency.

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Which of the following describes how the meaning of development has changed for citizens of rich countries like the United States?

Rich countriess no longer lead the way as a region of prosperous citizens.

A growing number of citizens fall into the category of the Precariat, having to juggle multiple jobs to make ends meet.

The politics of budget cutting and austerity have become features of rich countries.

All of the above.

Answers

Rich countries no longer lead the way as a region of prosperous citizens. A growing number of citizens fall into the category of the Precariat, having to juggle multiple jobs to make ends meet. The politics of budget cutting and austerity have become features of rich countries. Therefore, the correct option is (d) All of the above.

Citizens possess legal and political rights within a particular country or state. They are recognized community members, bound by everyday obligations, and entitled to certain privileges and protections. Citizenship is typically acquired through birth, descent, or naturalization, and it grants individuals the right to participate in the political process, access public services, and enjoy legal protections.

Citizens play a crucial role in shaping the social, economic, and political fabric of their nation. They have the right to vote, allowing them to elect representatives and influence decision-making processes. Additionally, citizens are expected to fulfill civic responsibilities, such as obeying the law, paying taxes, and contributing to the welfare of their society.

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Which of the following is a requirement for an audit of both an issuer's and a nonissuer's financial statements?

Answers

The main requirement for auditing both an issuer's and a nonissuer's financial statements is independence of the auditor.

Independence ensures that the auditor remains unbiased and impartial when examining and expressing an opinion on the financial statements. This requirement is essential to maintain the integrity and credibility of the audit process. Auditors must be free from any conflicts of interest or undue influence that could compromise their objectivity. It helps to ensure that the audit opinion is reliable and provides stakeholders with accurate and trustworthy information about the financial health and performance of the entity being audited. Regulatory bodies and professional standards emphasize the importance of independence to uphold the quality and credibility of financial reporting and auditing practices.

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Which of the following is a requirement for an audit of both an issuer's and a nonissuer's financial statements? The auditor is required to assess the risk of fraud

Assume that the textile-importing countries are determining to expand their domestic production of textile. From the point of view of the textile-exporting countries, how would you rate each of these three policies that could be used by the textile importers? Explain/Why? (10 marks)

Policy A: Subsidies to domestic textile production in the importing countries

Policy B: Tariffs on textile imports

Policy C: VERs on textile exports

Answers

When evaluating the three policies from the perspective of textile-exporting countries, we can assess their potential impact as follows:

Policy A: Subsidies to domestic textile production in the importing countries

- Rating: Negative

- Explanation: Subsidies to domestic textile production in importing countries can lead to an increase in their domestic textile industry's competitiveness. This could result in reduced demand for textile imports from the exporting countries. As a result, textile-exporting countries may face a decline in their export market share and revenue. Thus, this policy is unfavorable for textile-exporting countries.

Policy B: Tariffs on textile imports

- Rating: Negative

- Explanation: Imposing tariffs on textile imports by the importing countries can make imported textiles more expensive, creating a barrier to trade. This would negatively affect textile-exporting countries as it reduces their access to the import market. It can lead to decreased demand for their textile products, hampering their export potential and economic growth.

Policy C: VERs (Voluntary Export Restraints) on textile exports

- Rating: Negative

- Explanation: Implementing VERs on textile exports implies that the exporting countries must limit their textile exports to specific quantities or quotas agreed upon with the importing countries. This restriction can hinder the growth and expansion of textile-exporting countries by capping their export volumes. It can create uncertainty and disrupt market dynamics, impacting the stability and profitability of exporting firms.

Overall, all three policies have negative implications for textile-exporting countries. They can limit market access, reduce export volumes, and adversely affect their revenue and economic growth. The policies create barriers to trade and disrupt the free flow of textiles in the global market. It is in the best interest of textile-exporting countries to advocate for policies that promote fair and open trade, allowing for a level playing field and mutually beneficial relationships among countries.

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suppose the business has a $40,000 long term loan for
the upcomi g project at the year end. on this amount, $10,000
should be repaid within the year

Answers

Suppose the business has a $40,000 long term loan for the upcoming project at the year-end. On this amount, $10,000 should be repaid within the year.

What is a Long-Term Loan? A long-term loan is a type of loan that is given to a business or individual over an extended period, typically lasting years. They are frequently used to finance capital-intensive projects such as expansion and development. The repayment terms of long-term loans are frequently for many years, with payments typically made on a monthly basis. How much amount should be repaid?

 If the long-term loan is $40,000, and $10,000 should be repaid within the year. Therefore, the amount that should be repaid is $10,000.Note: Repayment is the act of paying back money borrowed from someone else, usually a loan. In other words, the repayment of a loan refers to the process of paying back the amount borrowed from the lender with interest over a specified period.

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nogas, inc., designs and makes a non-fuel propulsion system that copies parts of omni momentum corporation’s designs without omni’s permis-sion. this is most likely

Answers

The case in which nogas, inc., designs and makes a non-fuel propulsion system that copies parts of omni momentum corporation's designs without omni's permission is most likely an infringement of intellectual property rights. The reason for this is because the designs are proprietary and are protected by copyright laws.The action of copying without permission is a violation of these rights.

Intellectual property rights provide protection for creations and inventions of individuals and organizations. These rights also provide financial incentives for individuals and corporations to invest their time and money into creating new and innovative ideas and technologies. Infringing on someone else's intellectual property rights can result in legal action being taken against the offending party.The actions of nogas, inc. are most likely an infringement of intellectual property rights as the company copied parts of omni momentum corporation's designs without permission, which is a violation of proprietary designs protected by copyright laws.

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2407 English (Australia) SELECT THE CORRECT ANSWER FROM THE TABLE BELOW TO FILL THE GAPS IN 26 TO 32 Post Implementation Review Business & IT Alignment Management reporting system Define IT Project Un

Answers

The United Nations is an international organization founded in 1945 to promote peace, security, and cooperation among nations.

A Post-Implementation Review (PIR) is a review conducted after a project has been implemented, which assesses the project's success and identifies opportunities for improvement.

PIRs assist the project team in determining what went well, what went wrong, and what needs to be improved in the future.

A PIR may be conducted by the project manager, project sponsor, or other project stakeholders, such as end-users, customers, or suppliers.

Business and IT alignment is the process of ensuring that an organization's IT strategy is closely aligned with its business goals and objectives.

It is critical to ensuring that the organization's IT investments are directed toward activities that will deliver the most significant business value.

Management reporting systems are used to track and report on key performance indicators (KPIs) for an organization or business unit.

These systems provide critical information to help managers make informed decisions.IT projects are projects that involve the development and implementation of information technology systems or solutions.

These projects typically involve significant investments in time, money, and other resources.

IT Project is the process of defining the scope, objectives, and requirements of an IT project. This process is critical to ensuring that the project is aligned with the organization's goals and objectives.

UN is the abbreviation of the United Nations. The United Nations is an international organization founded in 1945 to promote peace, security, and cooperation among nations.

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Assume today is December 31, 2019. Imagine Works Inc. just paid a dividend of $1.40 per share at the end of 2019. The dividend is expected to grow at 18% per year for 3 years, after which time it is expected to grow at a constant rate of 6% annually. The company's cost of equity (rs) is 9.5%. Using the dividend growth model (allowing for nonconstant growth), what should be the price of the company's stock today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent..

Answers

Assume today is December 31, 2019. Works Inc. just paid a dividend of $1.40 per share at the end of 2019. The price of the company's stock today is $2.88.

What is the Total present value?

Present value of dividends for first 3 years = (Dividend today * (1 + Growth rate)^1) + (Dividend today * (1 + Growth rate)²) + (Dividend today * (1 + Growth rate)³)

Present value of dividends for first 3 years  = 1.40 * (1.18)^1 + 1.40 * (1.18)²+ 1.40 * (1.18)³

Present value of dividends for first 3 years  = $2.65

Present value of dividends after 3 years = Dividend today * (1 + Growth rate)³ / (Cost of equity - Growth rate)

Present value of dividends after 3 years = 1.40 * (1.18)^3 / (0.095 - 0.06)

Present value of dividends after 3 years  = $0.23

Total present value = Present value of dividends for first 3 years + Present value of dividends after 3 years

Total present value = $2.65 + $0.23

Total present value  = $2.88

Therefore the Total present value  is $2.88.

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Cox Company's direct material costs for the month of January were as follows:
Actual quantity purchased................. 18,000 kilograms
Actual unit purchase price............... $ 3.60 per kilogram
Materials price variance—
unfavorable (based on purchases).... $3,600
Standard quantity allowed
for actual production................. 16,000kilograms
Actual quantity used ……………………………………….15,000 kilograms
For January there was a favorable direct material quantity variance of:
a. $3,360.
b. $3,375.
c. $3,400.
d. $3,800.

Answers

The favorable direct material quantity variance for Cox Company in January is $3,400.

What is the favorable direct material quantity variance?

Given

Standard quantity allowed for actual production = 16,000 kilograms

Actual quantity used = 15,000 kilograms

Direct material quantity variance = (Standard quantity allowed for actual production - Actual quantity used) * Standard price

Direct material price variance = (Actual quantity purchased * Actual price) - (Actual quantity purchased * Standard price)

$3,600 = (18,000 * $3.6) - (18,000 * Standard price)

$3,600 = $64,800 - (18,000 * Standard price)

Standard price = ($64,800 - $3,600) / 18,000

Standard price = $3.4.

Direct material quantity variance:

= (16,000 - 15,000) * $3.4

= $3,400

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HARD DATA
As you look through the responses to your emailed requests for information, you recognize that much of the cost data are incomplete—many expenses haven’t yet been paid from EAPC accounts. You determine that the best place to start your analysis is with the disastrous welcome dinner, since that bill has already been paid. Hopefully the dinner information will help you find out what went wrong. \
The data you have to work with, at least for now, are as follows:
Actual attendees: 1,234
Expected attendees: 1,220
Actual cost per dinner: £58
Budgeted cost per dinner: €60
(The budget was set at the beginning of December 2014.)
Dinner costs (in British pounds) were incurred on May 19, the day of the event.
Dinner costs were invoiced and paid (in euros) on May 21 from EAPC accounts.
Daily midpoint exchange rate information are listed in Table 1.
Table 1. Daily Midpoint Exchange Rates
Date Cost of £1, in euros
December 1, 2014 €1.25789
December 31, 2014 €1.28261
May 19, 2015 €1.38764
May 21, 2015 €1.40346
You called the restaurant, and the manager confirmed that menu price changes take effect only once a year, in September.
4. Break down the price variance into a charge variance and an exchange variance. What do these variances tell you? Note that the charge variance is based solely on the difference between the budgeted price and actual price (based on the currency rate used in the organization’s budget). The exchange variance is based solely on the difference between budgeted exchange rate and the exchange rate actually used in paying the invoice.
Can someone provide the answer for this section on the problem or break it down.

Answers

The exchange variance tells us that the exchange rate actually used in paying the invoice is higher than the budgeted exchange rate.

Price Variance: Price variance means the difference between the actual cost of the dinner and the budgeted cost of the dinner. That is,
Actual cost – Budgeted cost.
Here, the actual cost per dinner is £58 and the budgeted cost per dinner is €60, and the exchange rate used in the organization’s budget is €1.28/£.

Therefore, the budgeted cost per dinner in British pounds is €60/€1.28/£ = £46.875.
Hence, the price variance is
£58 – £46.875 = £11.125.
Charge Variance:
Charge variance means the difference between the budgeted cost per dinner and the actual cost per dinner based on the currency rate used in the organization’s budget. That is,
Budgeted cost per dinner – Actual cost per dinner (based on the currency rate used in the organization’s budget).
Here, the budgeted cost per dinner in British pounds is £46.875 and the actual cost per dinner is £58.
Therefore, the charge variance is
£46.875 – £58 = –£11.125.
Exchange Variance:
Exchange variance means the difference between the budgeted exchange rate and the exchange rate actually used in paying the invoice. That is,
Budgeted exchange rate – Exchange rate actually used in paying the invoice.
Here, the budgeted exchange rate is €1.28/£ and the exchange rate actually used in paying the invoice is €1.40346/£.
Therefore, the exchange variance is
€1.28/£ – €1.40346/£ = –€0.12346/£.
These variances tell us that the actual cost of the dinner is higher than the budgeted cost of the dinner. The charge variance tells us that the actual cost of the dinner is higher than the budgeted cost of the dinner based on the currency rate used in the organization’s budget. The exchange variance tells us that the exchange rate actually used in paying the invoice is higher than the budgeted exchange rate.

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"A price-taking firm has a supply curve but a monopolist does
not", explain clearly the reason behind this statement.

Answers

A price-taking firm has a supply curve but a monopolist does not because a price-taking firm is a small organization that is a price taker rather than a price maker.

A monopoly, on the other hand, is a firm that controls a large portion of the market and is therefore able to set its own prices. As a result, the supply curve for a price-taking firm is upward sloping, whereas the supply curve for a monopolist is perfectly elastic.The supply curve for a price-taking firm is determined by the interaction of market demand and production costs. Since the price-taking firm is such a small player in the market, it has little to no effect on the market price, which is determined by the overall market demand. As a result, the price-taking firm must accept the market price and produce the quantity of goods that maximizes its profit at that price level.The supply curve for a monopolist, on the other hand, is perfectly elastic since the monopolist is the sole supplier in the market. As a result, the monopolist has complete control over the price of the good, and it can set the price wherever it wishes in order to maximize its profits. As a result, the monopolist does not have a supply curve since it does not have to consider the interaction of market demand and production costs when making pricing decisions.

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The table below provides the information on the monthly USD/EUR exchange rate:

January 2021

1.22 USD/1EUR

July 2021

1.18 USD/1EUR

Discuss the possible consequences of this exchange rate change for trade between Europe and US.

Answers

The exchange rate change of USD/EUR from 1.22 to 1.18 in the period between January 2021 and July 2021 will have some consequences for trade between Europe and the US. What is the exchange rate? The exchange rate is the value of one currency for the purpose of conversion to another currency.

Exchange rate fluctuations are common and have far-reaching consequences for international trade, and they're not something that is entirely unexpected. The major possible consequences of an exchange rate change between Europe and the US are:

1. Exports and Imports As USD gets stronger relative to EUR, then US goods are likely to be more expensive for the Europeans, while European goods are cheaper for Americans. So it's possible that this exchange rate change would result in an increase in exports from the US and a decrease in imports from Europe.

2. Exchange rate and inflation rate Inflation is a crucial component of an economy, and it impacts different economic sectors. Exchange rates and inflation are also closely related. If the exchange rate changes, it could lead to inflation or deflation. An exchange rate decrease, for example, can lead to a rise in inflation in a country.

3. Domestic interest rate Exchange rates can influence domestic interest rates as well. A decrease in the exchange rate may result in higher interest rates, which can lead to an increase in capital inflows and investment.

4. Profits of multinationals Companies that operate in more than one country are often subject to exchange rate fluctuations, which can impact their earnings. The decrease in USD/EUR exchange rate could lower the profits of US multinationals, while European multinationals operating in the US might experience a boost in their profits. Summary:

The exchange rate changes between USD/EUR in the period between January 2021 and July 2021 could lead to higher exports from the US and reduced imports from Europe. The fluctuations can also affect inflation, domestic interest rate and profits of multinationals.

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1. Describe one of the
casesfraudin an investment area that you know. Why is negligence in
calculating risk considered a fraud?
2. Risk management is very
necessary in the implementation of investment

Answers

1. An example of fraud in the investment area would be the Enron Scandal, which occurred in the early 2000s. This was a case where the company's executives engaged in fraudulent accounting practices in order to inflate the company's financial performance and make it appear more profitable than it actually was.

They did this by using a variety of accounting techniques to manipulate the company's financial statements, including misrepresenting revenues, understating expenses, and creating fictitious assets.

If a financial advisor or investment manager fails to adequately assess the risks associated with a particular investment, they are essentially misrepresenting the level of risk to their clients. This can result in clients making investment decisions based on inaccurate or incomplete information, which can lead to significant financial losses.

2. Risk management is a critical component of investment management because it helps investors to identify, assess, and manage the risks associated with different types of investments. By carefully considering the risks involved in a particular investment, investors can make more informed decisions about where to put their money and how to manage their portfolios over time.

Effective risk management involves a number of different strategies and techniques, including diversification, asset allocation, hedging, and other risk mitigation techniques. By using these strategies, investors can reduce their exposure to various types of risk, such as market risk, credit risk, and interest rate risk, among others. This can help investors to achieve their investment goals while also minimizing the potential for significant losses.

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a. Suppose a micro-winery sells 800 bottles of wine for $100 per
bottle. With a price elasticity of -3 what would be the demand when
the price is increased to $110? From your evaluation which price
ge

Answers

The demand when the price is increased to $110 can be calculated using the price elasticity of -3.

The price elasticity of demand measures the responsiveness of quantity demanded to changes in price. In this case, a price elasticity of -3 suggests that for a 1% increase in price, the quantity demanded will decrease by 3%.

To determine the new demand when the price is increased to $110, we can use the price elasticity formula:

% change in quantity demanded = price elasticity * % change in price.

Given that the initial price is $100 and the new price is $110, the % change in price is (110-100)/100 = 10%.

Using the price elasticity of -3, we can calculate the % change in quantity demanded as -3 * 10% = -30%.

Therefore, the new demand would be 800 - 30% of 800, which is 560 bottles of wine.

Based on this evaluation, the price increase from $100 to $110 would result in a decrease in demand from 800 bottles to 560 bottles.

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The owner of an ice cream parlor was planning to expand his room. On the eve of the expansion, he decided to do a cost audit of his existing operations. These are the facts he found. The rent paid for the parlor = Rs. 40,000 per month. There were allied costs like cleaning, telephone, and electricity, which worked out to Rs. 10,000 per month. He employed two salespersons and paid them a monthly salary of Rs. 10,000 each. He sold ice cream at the cost of Rs. 1000 per kg, which he sourced at Rs. 300. At the moment, he sells 500 kgs of ice cream per month. Assume that the rent, allied costs, and salaries are fixed costs in the short term.

a. Find the break-even point for the ice cream parlor. b. What is the profit he is making now? (2) The owner plans to add some extra space to the parlor, which would cost him an additional Rs. 20,000 per month in rent. He also wants to add one more salesperson at the same salary of Rs. 10000 to look after the increased flow of customers. He also expects electricity, cleaning, and telephone costs to increase by 30%. c. What is the new break-even point of the parlor? (3) d. His sales went up by 10%. What is his new profit/loss?

Answers

A. Break-even pointThe break-even point for the ice cream parlor is the point where the total costs of production are equal to the total revenue, resulting in zero profit or loss. To find the break-even point, you will need to calculate the total fixed costs and the total variable costs.

The fixed costs are the expenses that do not change with the level of production, and the variable costs are the expenses that vary with the level of production. The formula for the break-even point is:Break-even point = Fixed costs / (Price per unit - Variable costs per unit)Fixed costs = Rent + Allied costs + Salaries Fixed costs = 40,000 + 10,000 + 10,000 + 10,000Fixed costs = Rs. 70,000Variable costs = Cost of ice cream - Selling price Variable costs = 300 - 1000Variable costs = -700Break-even point = 70,000 / (-700).

Break-even point = 100kgsB. Profit The profit he is making now can be calculated using the formula: Profit = Revenue - Cost of production Revenue = Selling price * Quantity Revenue = 1000 * 500Revenue = Rs. 500,000Cost of production = Cost of ice cream * Quantity + Fixed costs Cost of production = 300 * 500 + 70,000Cost of production = Rs. 220,000Profit = 500,000 - 220,000Profit = Rs. 280,000C. New break-even point The new break-even point can be calculated using the same formula as above: Break-even point = Fixed costs / (Price per unit - Variable costs per unit)Fixed costs = Rent + Allied costs + Salaries Fixed costs = 40,000 + 10,000 + 10,000 + 10,000 + 20,000 + 10,000Fixed costs = Rs. 100,000Variable costs = Cost of ice cream - Selling priceVariable costs = 300 - 1000Variable costs = -700Break-even point = 100,000 / (-700)Break-even point = 143kgsD. New profit/lossIf his sales went up by 10%, his new quantity will be:New quantity = 500 * 1.1New quantity = 550The new revenue will be:New revenue = Selling price * New quantityNew revenue = 1000 * 550.

New revenue = Rs. 550,000The new cost of production will be:New cost of production = Cost of ice cream * New quantity + Fixed costsNew cost of production = 300 * 550 + 100,000New cost of production = Rs. 265,000The new profit will be:New profit = New revenue - New cost of productionNew profit = 550,000 - 265,000New profit = Rs. 285,000Therefore, his new profit is Rs. 285,000.

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One of the main roles of software architecture is to facilitate communication among stakeholders

a. True
b. False

Answers

The given assertion "  One of the main roles of software architecture is to facilitate communication among stakeholders." is true because software architecture assumes a pivotal part in empowering viable correspondence among different partners associated with the turn of events and support of a product framework.

Partners in programming improvement projects normally incorporate clients, end-clients, engineers, project chiefs, quality affirmation groups, and other pertinent gatherings.

These partners frequently have alternate points of view, needs, and prerequisites. Programming engineering goes about as an outline that gives a mutual perspective and a typical language for all partners.

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discuss the impact Russia and Ukraine war on international
political economy?

Answers

The conflict between Russia and Ukraine has had a significant impact on the international political economy, disrupting trade relations, causing political instability, and highlighting the need for greater energy security in Europe.

The war between Russia and Ukraine has had a significant impact on the international political economy. The conflict began in 2014, and since then, there have been a series of economic sanctions and retaliatory measures by both countries and the international community. The war has also disrupted trade relations and caused significant political instability in the region, with ramifications that extend beyond the borders of Russia and Ukraine.One significant impact of the conflict is on energy security in Europe.

Russia is a major supplier of natural gas to the region, and the conflict has disrupted the flow of gas to some countries. The dispute has highlighted the need for Europe to reduce its dependence on Russian energy and diversify its sources of supply.

As a result, the EU has made efforts to increase energy security, investing in renewable energy and exploring new sources of gas from countries like Azerbaijan and Turkmenistan.

However, this transition has been slow, and Europe continues to rely on Russian gas for a significant portion of its energy needs. Another impact of the conflict has been on international trade.

The war has led to the imposition of economic sanctions by Western countries on Russia, which have affected Russian businesses and individuals. In retaliation, Russia has imposed its sanctions on European countries, causing significant economic damage.

The sanctions have also disrupted trade relations between Russia and Ukraine, with both countries imposing tariffs and other barriers on each other's goods and services. This has had a negative impact on businesses in both countries and has led to a decline in economic activity.

Overall, the conflict between Russia and Ukraine has had a significant impact on the international political economy, disrupting trade relations, causing political instability, and highlighting the need for greater energy security in Europe.

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Mr. Kinders has contributed ​$150.00 at the end of each six months into an RRSP paying 5% per annum compounded annually.

- How much will Mr. Kinders have in the RRSP after 12 ​years?

- How much of the above amount is​ interest?

(round to nearest cent)

Answers

The amount of interest earned by Mr. Kinders is $ 2834.48 (rounded to nearest cent).The given problem states that Mr. Kinders has contributed ​$150.00 at the end of each six months into an RRSP paying 5% per annum compounded annually.

We are supposed to calculate how much will Mr. Kinders have in the RRSP after 12 ​years and how much of the above amount is​ interest? Formula used:Compound interest formula is given by A=P(1+r/n)^(n*t) Where, A= final amount, P= principal amount, r= rate of interest, t= time, n= number of times interest is compounded.Using the above formula we get:

A=P(1+r/n)^(n*t)Given, Principal amount, P = $0 as it is given that Mr. Kinders has contributed $150.00 at the end of each six months for 12 years so he has contributed a total of$ 150 x 2 x 12 = $3600 Rate of interest, r= 5%Time, t = 12 years.

Number of times interest is compounded, n = 1 per annum (as interest is compounded annually)

We need to calculate the amount after 12 years. Therefore,A= $ 3600(1 + 5%/1)^(1 x 12)=$ 6434.48 (rounded to nearest cent)

Therefore, Mr. Kinders will have $6434.48 in the RRSP after 12 years.

Amount of interest earned = $ 6434.48 - $ 3600 = $ 2834.48 (rounded to nearest cent).Therefore, the amount of interest earned by Mr. Kinders is $ 2834.48 (rounded to nearest cent).

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Question 15 Marin's is a reflection of how they both percieve information and repsond to it. O Big Data perception O location on the introvert/extrovert scale decision-making style time orientation am

Answers

Marin's decision-making style is influenced by factors such as values, personal traits, locus of control, cognitive style, and perception of risk, shaping how they perceive and respond to information.

The most relevant term in relation to the given statement is decision-making style. The decision-making style reflects how individuals perceive and respond to information. The decision-making style is characterized by cognitive processes that individuals use to evaluate alternatives and reach decisions.

The various factors influencing decision-making style include Values, personal traits, locus of control, cognitive style, perception of risk, etc. It is important to note that the decision-making style is different from the decision-making itself.

While decision-making is the process of selecting one option among many, decision-making style is the cognitive and emotional processes that guide how the decision is made. Therefore, Marin's decision-making style is a reflection of how they perceive information and respond to it.

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What are the top 10 countries by GDP/capita and what are their actual GDP/person numbers in USD$? What number is Canada? What number is USA?, Add your comments and discuss with each other. If your country of origin is outside Canada, then, wherein the rank do you find your country in terms of the living standard and per capita income? Do some research on the living standards across countries and reflect on their economic performance and how COVID-19 has led the economies to free fall. Here, comment on unemployment, inflation, economic instability, medical service provision capacity Is GDP a good indicator of a country’s wealth? Why or why not? Explain.

Answers

The top 10 countries by GDP per capita are as follows:

Qatar: $130,475Macao SAR: $116,808Luxembourg: $109,602Singapore: $101,717Ireland: $90,733Switzerland: $85,950Norway: $82,948United Arab Emirates: $79,262Kuwait: $72,599Brunei Darussalam: $72,518

Which countries have the highest GDP per capita?

GDP per capita is a measure that indicates the average economic output per person in a country. The list above represents the top 10 countries with the highest GDP per capita.

These countries have relatively small populations and high levels of economic productivity which contribute to their high GDP per capita figures. Qatar with a GDP per capita of $130,475 holds the top spot followed by Macao SAR and Luxembourg.

However, the GDP per capita is just one indicator of a country's economic well-being and does not necessarily reflect the distribution of wealth or overall standard of living.

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ANSWER A & B ONLY!! PLEASE DOUBLE CHECK YOUR WORK

SEE DATA TABLE BELOW

Treasury notes and bonds. Use the information in the following​ table: What is the price in dollars of the February 2004 Treasury note with semiannual payment if its par value is ​$100,000​? What is the current yield of this​ note?

A. What is the price in dollars of the February 2004 Treasury​ note? (Round to the nearest cent)

B. What is the current yield?

Answers

The price of February 2004 Treasury note is $99882.8 and the current yield of the note is 3.66%.

Treasury Note/Bond Quotations

Issue and maturity date Coupon rate (%) Price

February 2004 3.625 $99,882.80

The price in dollars of the February 2004 Treasury note with semiannual payment if its par value is ​$100,000 can be calculated as follows:

Price of $100 par value Treasury note = (99.8828/100) x $100= $99.8828

The price of a bond is given as a percentage of its par value.

Therefore, the price of a Treasury note with a par value of $100,000 is:

Price of $100,000 par value Treasury note= $99.8828 x $1000=$99882.8

A bond's current yield is the annual interest payment divided by the bond's current price. The semi-annual interest is 0.03625 × (100000/2) = $1,825.

The bond's current yield can be calculated using the below formula.

Current yield = Annual interest payment / Current price of bond = $3,650 / $99,882.80

Current yield = 0.0366 or 3.66%

The price of February 2004 Treasury note is $99882.8 and the current yield of the note is 3.66%.

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