IAS 36. Impairment of assets. We are a photo studio, and due to the increase in work and staff, we have had to acquire three new cameras and accessories. The acquisition occurred in January 2018. The prices of the cameras are as follows: - Camera 1: 1.750 euros - Camera 2: 3.500 euros - Camera 3: 1.950 euros - Accessories: 4.550 euros
Calculate:
- The impairment loss of the asset at the end of 2020, taking into account that the recoverable amount of the acquisitions is:
o Camera 1: 575 euros
o Camera 2: 1.500 euros
o Camera 3: 750 euros
o Accessories: 2.200 euros
The impairment loss of cameras are 1175; 2000 and 1200 euros respectively and that of accessories is 2350 euros.
What is impairment loss?When the carrying cost of an asset is more than the recoverable cost of such assets, it is known as an impairment loss.
The calculation of impairment losses is done by using the formula,
Impairment Loss= Carrying Cost- Recoverable Cost
By using the above formula and the given values, the impairment losses of
Camera 1 will be 1175 eurosCamera 2 will be 2000 euros Camera 3 will be 1200 eurosAccessories will be 2350 eurosHence, the impairment loss of the given assets has been aforementioned.
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Much of the information contained on a résumé is also requested on a(n)
O job application
OW-4
O W-2
new employee survey
The information mentioned in a resume is also written in the job application. Thus, the correct answer is option A.
What is a Job application?A job application is a statement where a candidate fills the information about him to allow the employer to know about his experience and responsibility. A job application includes personal information, educational qualification as well as professional experience.
This will play important role in selection as it helps employers to compare two applications and select one that best fits the role. There are different types of job applications written as per job profiles.
Therefore, option A job application is appropriate answer as it contains similar information to a Resume.
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If the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is the following: a. Impossible to determine b. E45 c. E35 d. E30
If the total cost is E1000 and the average fixed cost is E15 with 20 units of output, then the average variable cost at that level of output is c. E35.
What is the variable cost?The variable cost is the cost element that varies with output.
When the output increases, the variable cost increases in total, while remaining the same per unit.
Data and Calculations:Total cost = E1,000
Average fixed cost = E15
Output = 20 units
Total fixed cost = E300 (E15 x 20)
Total variable cost = E700 (E1,000 - E300)
Average variable cost = E35 (E700/20)
Thus, if the total cost is E1000 and the average fixed cost is E15 when 20 units of output are produced, then the average variable cost at that level of output is c. E35.
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Activity
Part A: Browse career websites to learn about audiovisual and communications occupations and choose two jobs. Briefly summarize how the Jobs
you chose are related by skills and services offered. Select which occupation you would like to pursue.
Answer:
we can't answer this. this is your opinion.
Hi there !
Topic - Balance sheets
What are the 3 sections of a balance sheet?
Nonsense = Reported
Thank you
Answer:
The balance sheet consists of three major sections: (1) the assets, which are probable future economic benefits owned or controlled by the entity; (2) the liabilities, which are probable future sacrifices of economic benefits; and (3) the owners' equityYou work for the sales department of an apparel manufacturing company. Company XYZ, with which you have met during a recent trade fair, is going to visit your facilities next week. You understand that this company wants to “buy low” but normally places large orders. However, you want to “sell high.” Your company might not be able to deliver very large orders unless you invest in new facilities. Company XYZ says it will send over a team of three people: the vice president of marketing, the purchasing manager, and a designer. They are interested in developing a collection for the next season and going over a “price exercise” with you. In addition, they are interested in placing a trial order at the price of a bulk order (i.e., large order). Delivery of the order is to be made in two weeks. Unfortunately, this trial order is well below the minimum quantity you’re willing to accept, and your company normally needs one month to fill a new order.
How do you convey this information to the other departments within your company to prepare for this meeting? Will you invite your boss to the meeting? Why?
Using a negotiations worksheet, plan your responses to the following statements made by the purchasing manager: (a) We are concerned that you will not be able to meet our quality requirements; (b) Your price is too high; (c) Either take this trial order or we will look for another vendor. Decide at what point in the negotiations on price and delivery date you will decide to turn down the offer or accept the offer. Role-play your response to each of these statements.
One can convey this information to the other departments by telling them that it is a good offer for the company and they should try to get in a negotiated deal.
How to convey the information?The first thing that one should do is talk this out to my sales manager, and talk to him about the benefits of having a deal.
He can then inform the heads of different departments and then they could arrange for a meeting to discuss this. They should then call for a staff meeting, and the company should discuss on whether to take up that project as two weeks is a very short period.
This meeting is basically to see and discuss if things would work and is possible. If the things can work then the boss cold be informed eventually and his approval can be taken. The negotiation worksheet provides a guide to help one think through your upcoming negotiations.
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If you borrow $5,400 at $800 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.)
Cryptocurrency is a form of payment that:
A. can be exchanged online for goods and services.
B. can only be exchanged for specific things.
C. can be used for digital or face-to-face transactions.
D. exists online and in local banks.
Answer:
The answer is A. can be exchanged online for goods and services.
Explanation:
Cryptocurrencies are used primarily outside existing banking and governmental institutions and are exchanged over the Internet.In the Overview tab of the Client List, what filter can be applied to only show clients assigned to a specific team member?
The filter that can be applied to only show clients assigned to a specific team member is the Client list lead filter. This is further explained below.
What is a Client List?Generally, a client list can be defined as a list of selected, prequalified, and potential clients' names, addresses, and contact information.
In conclusion, the Client list lead filter can limit your client list to only those assigned to you or a member of your team.
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What happens when the terms of the loan are satisfied
A document called release of mortgage will be availed when the terms of the loan are satisfied.
What is a mortgage?A mortgage is an agreement the borrower and a lender in which the lender can take back his or her property should the borrow fail to pay back the money borrowed.
Hence, a document called release of mortgage will be availed when the terms of the loan are satisfied.
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7. When Professor Park travels for business, she always rents her car through Station Rental
Company because no matter the office location they honor her corporate rate. On her most recent
three business trips, Professor Park has rented her car through Station Rental Company and she
received her normal rate for the first two trips to Idaho and Florida, but she received a higher rate
for the last trip to Oklahoma. Professor Park completed an online survey to express her
disappointment that her normal rental rate was not honored at the Oklahoma rental office. This
scenario is an example of which service characteristic?
Omarketability
O inseparability
O variability
O intangibility
The provided scenario gives an example of variability in the service provided by the rental company.
Option C is the correct answer.
What is meant by corporate rate?The corporate rate is the fees levied by the hotel or rental company for a stay from their guests.
The variability in service by the rental company can be analyzed from the charging of two standard rates for the initial two trips done by the Park in respect of renting a car. But for the third trip, Park has to give a much higher amount for the same company for the renting service.
Therefore, the levying of higher charges for the third trip creates variability in the rental services provided by the company.
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what is the primary objective of IRBA?
which among the sentences below best describe prepayments?
a. payments made for economic benefits that do not ever expire
b. classified as liability on the balance sheet
c. generally all combined into one assets account called "miscellaneous prepaid expense"
d. assets, which become expenses as they are used up
The statement that describes prepayment is B. classified as liability on the balance sheet.
What is prepayment?It should be noted that a prepayment simply means an accounting term that's used for the settlement of a debt in advance.
In this case, the statement that describes prepayment is that it is classified as liability on the balance sheet.
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Imagine you win $10,000 in a state competition and decide to invest your prize. First, determine your risk tolerance. Then, choose two investment options from the lesson for your money. Describe your investment plan in a detailed paragraph. Be sure to include responses to the following questions: • Why did you choose these two options? • How may taxes, fees, and inflation affect your investments? • How do your choices reflect your tolerance for risk? • How do you plan to divide your money between the two investment options you chose? Be sure to include the following terms in your explanation: o diversification o risk o rate of return o interest rate
Some possible investments that a person that won $10,000 make are:
CryptocurrenciesStocksWhat is Risk Tolerance?This refers to the ability of a person to be able to endure losses that can come from making an investment.
Hence, we can see that after making a good risk assessment to find the risk tolerance, if it is between medium to high, then it is advised to invest a good portion in cryptocurrencies and stocks and then put the remaining in a trust fund.
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PLEASE ANSWER FAST
__________ are courses that you take to get credit, but which aren’t required to graduate.
A. Esthetics
B. Electives
C. Fine arts
D. Clubs
Answer:
I think That the answer is B. Electives
Explanation:
Electives are a class that you choose that can give you credit in high school.
Which of the following best describes China’s role in the auto industry?
China exports a lot of cars, but the reason it is a major part of the auto industry is because it exports a lot of parts.
China exports very few cars, but is a big part of the auto industry because it exports a large number of car parts.
China exports very few cars, but the reason it is not a major part of the auto industry is because it also does not export many car parts.
China exports a lot of cars, but is not a major part of the auto industry because it does not export many car parts.
China exports a lot of cars, but the reason it is a major part of the auto industry is that it exports a lot of parts. option A is correct.
China's Role in the auto industry.China has a very crucial role in the auto industry, according to record, in 2018 China is responsible for the production of 30% of the total cars produced.
It is also recorded that China produces more cars than the EU and US combined.
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What is the difference between libel and slander?
A. Libel is written, while slander is spoken
ООО
B. Slander is based on truth, while libel isn't
O c. Only slander has legal repercussions
D. Libel is more serious than slander
Answer:
A. Libel is written, while slander is spoken
Explanation: Libel is a defamatory statement made in writing, while slander is a defamatory statement that is spoken.
This type of investment typically has a greater long-term rate of return than a savings account.
A. Checking Account
B. Credit Union
C. Credit Card
D. Stock
Answer:
checking account its the answer if its incorrect please let me know cuz its in ny book like that too so yeah
Answer: D. Stock
Explanation:
Georgeanna died, but her life insurance company refuses to pay the life insurance claim. They say the policy is invalid now. Why is this MOST likely to be the case?
A.
Georgeanna never created a living will.
B.
Georgeanna never designated power of attorney to anyone.
C.
Georgeanna committed su!c!de.
D.
Georgeanna died in her own home and not in a hospital.
What should you do if your decision isn't working out and you have tried making adjustments
Alternative actions (if the decision is not working as intended): Give it more time: You need to make sure employees, customers, and so on have had enough time to get used to the new action. Change it slightly: Maybe the action was correct, but it just needs "tweaking"—a small change of some sort.
(hope it helps hehe ^^')
interview a business owner manager on a crisis experienced in a workplace. Attach an interview schedule as part of your oral presentation
It is essential to prepare a script with well-structured and organized questions to conduct an effective interview on any topic.
What to ask in an interview for a survey?The questions must be objective to avoid ambiguity and obtain the answers that will solve your thesis. To interview a company manager about a crisis in the workplace, some questions might be:
How did the crisis arise?What was the risk management plan?How did the company get over it?Therefore, it is essential that the research is planned and conducted in an organized and structured manner for effective results.
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Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international business and trade today.
The Bretton Woods Agreement established four ideas or organizations that are still crucial to international commerce and trade today, that are the International Monetary Fund, Exchange Rate, Promote Economic Growth, and Prevent Competitive Regulations.
What is Bretton Woods Agreement?The Bretton Woods Agreement was the system that was established to use gold as the worldwide benchmark for creating a fixed currency exchange rate.
This agreement was signed by the 44 representatives from countries. Which led to the establishment of the International Monetary Fund (IMF) and the World Bank.
The four main ideas that were established by this agreement were the Exchange Rate, International Monetary Fund, Prevent Competitive Regulations, and Promote Economic Growth.
Therefore, the four ideas of this agreement is important to the businesses.
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Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the
sale recorded in the Accounts Receivable subsidiary ledger?
A. It is recorded upon payment.
B. as a $300 credit
C. as a $300 debit
D. as a $300 payment
As widgets Inc. makes a $300 on Widhets, Inc. makes a $300 account sales to custom motors. The sale will be recorded in the Accounts Receivable subsidiary ledger as a $300 debit.
What do you mean by accounts receivable subsidiary ledger?An accounts receivable subsidiary ledger refers to an accounting ledger showing transactions and payment history of customer to whom the business has provided some credit.
The accounts receivables subsidiary ledger provides detailed insight into the business. To record a credit sale, customer receivables account is debited and sales revenue account is credited.
Therefore, C is the correct option.
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finanicial accounting
Answer:
financial accounting is a process of record,summarising and reporting a company's business transaction through financial statements.
explain about foreign trade payment system
Answer:
The exporter's bank forwards the documents to the importer's bank. The importer's bank requests payment from the importer by presenting the documents. The importer makes payment and receives the documents and collects the goods. The importer's bank pays the exporter's bank and the exporter's bank pays the exporter.
The name and title of the person you are writing to goes on the _____ line of the inside address.
A. first
B. second
C. last
D. none of the above
The recipient's address, also called the inside address, includes the name and address of the recipient of your letter in the first line, which is option A.
What is a business letter?A business letter is a formal document written with a proper format following the professional guidelines. It is often sent from one company to another or from a company to its clients, employees, and stakeholders.
Business letters are used for the professional correspondence between individuals.
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contact a research and determine if pepsi and coca cola are duopoly
In the economy, the marketing structure applied to the Pepsi and Coca-Cola companies is the duopolistic market.
What is meant by duopoly?Duopoly refers to a scenario where the two companies control the major stake for a good or service in the market.
Pepsi Company and Coca-Cola Company have been dominating a vast sector in the beverage industry, especially in the supply of soft drinks in the market. They control about 75% of the market share together in the beverage companies and are treated as the two competing companies.
Therefore, the duopoly is the marketing structure of the companies like Pepsi and Coca-Cola.
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How much would $7,550 due in 50 years be worth today if the discount rate were 7.5%?
If we were to receive $7,550 in 50 years, in today's value and at a discount rate of 7.5%, it would be worth $203.
What is the present value of $7,550?You can find this out through the formula:
= Amount / (1 + rate) ^ number of periods
Solving gives:
= 7,550 / ( 1 + 7.5%)⁵⁰
= 7,550 / 1.075⁵⁰
= $203
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Why does an organization want to maintain a safe workplace? Check all of the boxes that apply.
to keep workers safe and on the job
to maintain a positive reputation in their community
to prevent fines from OSHA or other regulators
to prevent the formation of unions
Answer:
to keep workers safe and on the job
to maintain a positive reputation in their community
to prevent fines from OSHA or other regulators
Explanation:
hgywgwu
Answer:
A. to keep workers safe and on the job
B. to maintain a positive reputation in their community
C. to prevent fines from OSHA or other regulators
Explanation:
Which would be the most effective and economic way if Giselle wants to let her clients know about the discount she is offering in her salon
ervices?
A sending flyers
Св. social media
C. releasing an ad in the newspaper
D. word-of-mouth publicity
If Giselle wants to inform her consumers about the discount she is offering in her salon services, the most practical and cost-effective method is to use social media.
What is social media?Social media is defined as interactive digital transmissions that support creative activity by disseminating ideas, information, participation, and other types of information via virtual assemblages and networks.
The most practical and cost-effective strategy for Giselle to educate her customers about the discount she is offering in her salon services is to use social media, as it is worldwide.
Therefore, option B is correct.
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