Price of the building = $900,0000
Depreciation charged = $400,000
Capital value on the date of sale = $500,000
Selling price = $2,100,000
Total profit =$1,600,000
This profit i.e., profit from the sale of commercial property is termed as Capital Gains and hence is attracts Capital Gains Tax at a flat rate of 20% irrespective of quantum, which in this case will be $1,600,000*20% = $320,000.
Immovable property such as land, building, apartment, individual house, etc. is termed as Capital asset for the purpose of income tax computation. Thus, the amount received from sale of property is treated as Capital Gains.
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a manufacturer does not need to inspect and test any purchased components used in the final product to avoid product liability.
False: In order to avoid product responsibility, a manufacturer is not required to check and test any purchased components utilized in the finished product.
Which argument in a strict product liability case asserts that a manufacturer is not required to alert customers to risks that are widely recognized?Intelligent User: The manufacturer is not required to notify specific consumers if they are aware of a specific risk or should be aware of it.
What body of law underlies product liability?Product liability lawsuits are typically brought under the doctrines of negligence, strict liability, or warranty breach and are based on state law. Additionally, each state will have a set of commercial statutes that are based on the Uniform Commercial Code and contain warranty guidelines that affect product liability.
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gorgo works as a sales representative. she did not achieve her monthly required sales goals, so she made a series of entries in her records to show that she had more sales than she actually did. this is known as .
This correct answer is false entries.
Entering false information that does not truly exist on a record is what this is referred to as.
When her scam is detected, it could cost her her job. She does not respect work ethics, as evidenced by this.
Accounting fraud requires a company to intentionally misrepresent financial records. Think about a company that creates an estimate that needs to be updated later.
Due to the fact that the mistakes were not intentional, there was no accounting fraud. Now imagine that the CEO of a publicly traded corporation purposefully misrepresents the firm's prospects.
That CEO might face fraud charges from the Securities and Exchange Commission (SEC). However, because no financial records were manipulated, it is not accounting fraud.
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in december, both the price of christmas trees increases and the quantity of christmas trees sold increases. is this a violation of the law of demand? explain why or why not.
In December, both the price of Christmas trees increases and the quantity of Christmas trees sold increases. This is a violation of the law of demand.
What is Law of Demand?
One of the most fundamental concepts in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
Economics is the study of how people make use of scarce resources to satisfy endless demands. These limitless wants are the focus of the law of demand.
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tanning company analyzes its receivables to estimate bad debt expense. the accounts receivable balance is $276,000 and credit sales are $1,000,000. an aging of accounts receivable shows that approximately 7% of the outstanding receivables will be uncollectible. what adjusting entry will tanning company make if the allowance for doubtful accounts has a credit balance of $3,000 before adjustment?
Bad Debt Expense 17,000 adjusting entry will tanning Company makes allowance for Doubtful Accounts 17,000.
An allowance is a quantum of plutocrats given or distributed generally at regular intervals for a specific purpose. In the environment of children, parents may give an allowance to their child for their eclectic particular spending.
Everyone, including scholars, has a commodity called a Personal Allowance. This is the quantum of plutocrats you are allowed to earn each duty time before you start paying Income Tax. For the the2022/23 duty time, the Personal Allowance is£,570. still, you generally will not have to pay any income duty, If you earn lower than this. However, benefits in kind and vittles exceed the maximum quantities, also the excess constitutes a tested stipend for your hand, If allowances. still, you can also conclude to indicate this as final tax stipend.
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Which economic measure is the total dollar value of all final goods and services produced each year in a country?.
GDP measures the total dollar value of final goods and services produced each year in a country.
What is GDP?
An estimate of a nation's GDP can be used to determine the size and growth rate of an economy. A country’s GDP can be computed in three different methods, considering expenditures, production, or income, and it can be adjusted for population and inflation to give more detailed information.
Real GDP is a measure of a country’s GDP which takes into effect of inflation.
Nominal GDP measures the GDP using current prices and it is not adjusted by Inflation.
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a man and his neighbor owned homes on adjacent lots in a subdivision. the subdivision's recorded restrictions did not prohibit detached storage sheds, and several homeowners in the subdivision had placed such sheds in their backyards. because the man and the neighbor thought the sheds were unsightly, they both agreed in writing not to place detached storage sheds in their respective yards. their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors. the agreement was promptly recorded. three years later, the neighbor gave his home to his daughter. shortly after moving into the home, the daughter learned of the restriction. she informed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her. does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard?
The man can enjoin the daughter from building the storage because the restriction is binding on the daughter because she is a successor of the previous owner.
Successor:
Successor means a person who has a job, position, or title after someone else simply said that someone who succeeds another person.
Given,
A man and his neighbor owned homes on adjacent lots in a subdivision. , And they both agreed in writing not to place detached storage sheds in their respective yards. They done their agreement was drafted in recordable form and stated that it was enforceable by and against all assignees, heirs, and successors and agreement was promptly recorded. After three years later, the neighbor gave his home to his daughter. And she shortly after moving into the home, the daughter learned of the restriction. Now, she claimed the man that she planned to put a detached storage shed in her backyard, claiming that the restriction was not enforceable against her.
Here we need to find does the man have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
While we looking into the give question we have identified that the agreement is signed and register. And it will be enforceable against all assignees, heirs, and successors of the assignees.
Therefore, the man can have the right to enjoin the neighbor's daughter from placing a detached storage shed in her yard.
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what does a reductive process mean in sculpting? group of answer choices removing the marble block from the mountain tools get smaller and finer as the process nears completion once material has been removed it cannot be replaced polishing the finished piece with leather
A reductive process in sculpting means B) tools get smaller and finer as the process nears completion.
Reductive art is created through a process meant to reduce, consolidate, and simplify. By stretching the definition of the word, you may conclude that Michelangelo's marble sculpture David is reductive in some ways. After all, it resulted from the altering of the original form.
Reducing is the process of employing a pantograph to reduce a huge sculpture to a smaller one or to reverse the enlargement process.
The oldest type of sculpting is subtractive, which involves taking material out to make a finished piece, as in stone or wood carving. Additive sculpture, in its simplest form, is the technique of creating sculpture by adding materials to the object.
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1. manufacturers normally establish standard costs for . direct materials direct labor factory overhead all of these choices are correct. 2. standards that can be attained with reasonable effort are known as standards. theoretical normal ideal none of these choices are correct.
Manufacturers normally establish standard costs for direct materials direct labor as well as factory overhead. Standards that can be attained with reasonable effort are termed Normal.
So, the correct options are 1. D & 2. B.
When creating a budget, the costs are typically calculated on two different scales: the total dollar amount needed to create an income statement and the cost per unit. A standard cost is what is charged per unit. The costs per unit can be further broken down into the anticipated quantity and cost of materials per unit, the anticipated number of hours and cost per hour for direct labor, and the anticipated overall overhead costs and a method for allocating those costs to each unit.
When calculating the standard amount, waste or spoilage must be taken into account within the anticipated amount of materials. Normal standards signify effective performance thresholds that can be reached in typical operating environments. When properly established, normal standards ought to be demanding but doable.
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Which type of on-floor sales measurement includes sales per hour and gross margin?
A.
sales activity
B.
accounting-based
C.
customer relationship quality
D.
stakeholder satisfaction
The on-floor sales measurement that includes sales per hour and gross margin is the accounting-based sales measurement. Hence, Option B is correct.
What does sales measurement mean?
Data points known as sales metrics are used to track and assess a person's, group's, or organization's sales performance over time. In the broadest sense, sales metrics assist a company in assessing the accomplishment of its sales efforts and pinpointing potential improvement areas.
Sales metrics are employed in a variety of ways, including goal-setting, problem-solving, designing incentive programmes, commission and bonus calculations, and more.The accounting-based sales measurement is the on-floor sales metric that accounts for gross margin and sales per hour.
Therefore, Option B is correct.
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zoe company reports the following for its overhead cost for the year. activity budgeted cost budgeted activity usage engineering support $ 98,000 70 design changes electricity 136,000 3,400 machine hours setup 210,000 350 setups compute the activity rate for engineering support using activity-based costing.
The activity rate for engineering support using activity-based costing is $1400.
What is an activity-based costing rate?An activity-based costing rate is calculated by allocating indirect costs to a cost pool, totaling the costs in that cost pool, and then dividing the total cost pool by the cost driver. Activity rates are the allocation rates used in activity-based costing to assign overhead costs to the product manufactured.
For each activity cost pool, an activity rate is calculated using an appropriate activity driver as an allocation base. ABC is a costing method that identifies an organization's activities and assigns the cost of each activity to all services and products based on their actual consumption. As a result, when compared to traditional costing, this model assigns more indirect costs (overhead) to direct costs.
Activity rate for engineering support will be:
= Budgeted cost / Budgeted activity usage
= 98000 / 70
= 1400
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barnard bike shop sells a bicycle to a customer for $600. barnard offers to sell three tune-ups over the next three years for a total price of $150. the customer decides to purchase the tune-ups and pays a total of $750. barnard uses the adjusted market approach. required: allocate the transaction price to the performance obligations
In the adjusted market approach, prices are divided between goods and services based on how much a customer is willing to pay for them.
The customer is willing to pay 600 for a bicycle and 150 for maintenance. Therefore, these should be divided as follows: bicycle tune-ups $150 and bicycle sales $600
What exactly is an adjusted market strategy?
The entity employs the adjusted market assessment strategy by assessing the market in which it sells products or services and estimating the price that a customer in that market would be willing to pay for those products or services.
How is adjusted market value calculated?
The MVA would be calculated by subtracting one from the total after adding one to the purchase index, dividing that number by one, and adding one to the index for today when you withdraw. Therefore, you would have a negative 1.9% return if the purchase index were 2% and the current index at the point of withdrawal is 4%.
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costs are allocated to cost objects in many ways and for many reasons. which one of the following is a purpose of cost allocation? a. evaluating revenue center performance. b. measuring income and assets for external reporting. c. budgeting cash and controlling expenditures. d. aiding in variable costing for internal reporting.
Measuring income and assets for external reporting. An important aspect of every company's profitability is cost allocation.
The correct answer is option [B].
What is the cost allocation ?Considering direct and indirect costs, such as manufacturing labor and tiny quantities of supplies, is a step in the cost allocation process.
Business owners use cost allocation to determine profitability for the purposes of financial reporting. To keep the business's finances on track, costs are assigned, or divided, into numerous categories based on the parts of the organization they impact.
Materials, shipping, and marketing expenses would all be included in the cost allocation for a modest clothes store. Consistently calculating these expenses would assist the store owner make sure that sales profits exceed store operating expenses. If not, the owner would've been able to decide right away where to increase prices or cut spending.
Cost allocation is the process of relieving the cost centers of shared service organizations that offer a goods or services. Internal clients' cost centers that use the goods and services are then given credit for the related charge.
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the law requiring that toys and infant products be tested before sale is called the: group of answer choices child safety act. strong product safety bill. consumer product safety improvement act. uniform safety testing bill.
The law requiring that toys and infant products be tested before sale is called the uniform safety testing bill. By providing a discount to a product that is priced "high," buyers are more inclined to purchase the goods because customers believe it is a good deal.
In essence, the initial high price establishes the product's bill value to customers. Major shops such as Macy's and Nordstrom, as well as niche brands such as Adidas and Nike, use high-low pricing widely. They set high pricing but then provide lower rates to customers on a regular basis through specials, promotions, or the coupons.
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what principle of corporate governance requires public clarification of the roles and responsibilities of board and management in order to provide stakeholders with a level of accountability? disclosure and transparency shareholder rights integrity and ethical behavior interests of other stakeholders
Disclosure and transparency requires public clarification of the roles and responsibilities of board and management in order to provide stakeholders with a level of accountability.
The term "good corporate governance" refers to a set of strategic management practices and procedures that give business organizations (companies) strong management, strict guidelines and controls, and assurance that every decision is made in the best interests of shareholders and other stakeholders.
There are four main principles of good corporate governance and these include the following:
AccountabilityTransparencyFairnessResponsibilityUnder good corporate governance, transparency is a principle which requires that all meaningful information, processes, and data records are accurately made available to shareholders and stakeholders on a timely basis.
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Given your answers to the previous task, indicate whether each of the following is considered money in the U.S. economy.1. U.S. dollar bill2. Japanese yen3. Diamond4. Plastic credit card
The U.S. dollar bill is considered money in the U.S. economy. Thus, option '1' is the correct option.
What is considered US currency?The official money of the United States of America is the USD (United States dollar). One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the sign $ or US$.
The most common currency used in transactions worldwide is the U.S. dollar, which is regarded as a standard. Additionally, numerous nations outside of the United States utilize it as their official currency, and many more use it in addition to their own as an unofficial currency. Demand notes, the first greenbacks, were produced to pay for the 1861 Civil War. Because of their green tint, they were known as "greenbacks."
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belinda wants to sign up for a streaming service to watch movies and other programs. after much thought, she decides to subscribe to netflix. shortly after having done so, belinda hears her friends talking about a great series they are watching on amazon prime. belinda now wonders whether she made the right decision. what part of consumer behavior does this represent?
Answer: Cognitive Dissonance
Explanation: This is the correct answer, I found it on Quizlet.
you put money into an account and earn a real interest rate of 6 percent. inflation is 3 percent, and your marginal tax rate is 20 percent. what is your after-tax real rate of interest? group of answer choices
the after-tax real rate of interest is calculated by the fisher effect and is found to be 4.2%
The Fisher effect describes the relationship between the real and nominal interest rates and the expected rate of inflation. It also explains money's neutrality. As such, it is crucial in economics.
Fisher effect :
Real interest rate = nominal interest rate - inflation rate
6 = nominal interest rate - 3
Nominal interest rate = 9
Given that the marginal tax is 20%, the nominal interest rate realized will be:
9 - 20*9 / 100 = 7.2
Now, the real rate of interest =
7.2 - 3 = 4.2
The Fisher Effect, named after economist Irving Fisher, describes the relationship between inflation and both real and nominal interest rates.
According to the Fisher Effect, the real interest rate equals the nominal interest rate minus the expected inflation rate.
The Fisher Effect has been applied to the study of the money supply and global currency trading.
When the real interest rate is positive, it indicates that the lender or investor can outperform inflation.
When the real interest rate is negative, it means that the interest rate charged on a loan or paid on a savings account is not higher than the inflation rate.
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which of the following is included in gdp? multiple choice welfare payments received by some households payments received from selling stocks in one's portfolio cash gifts from relatives during the holidays fees received by stockbrokers
The following is included in GDP Fees received by stockbrokers.
The fee a stockbroker earns at the sale of monetary gadgets is protected in GDP, so if a stockbroker sells $10,000 in shares this 12 months and charges $two hundred in commissions (fees), then the $two hundred is protected on this 12 months's GDP, however the $10,000 is not. The calculation of a country's GDP encompasses all personal and public consumption, authorities outlays, investments, additions to personal inventories, paid-in creation costs, and the overseas stability of trade. (Exports are delivered to the fee and imports are subtracted).
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darnold is developing a business message that he hopes will convince his colleagues to keep common areas clean. he wants to focus on employees' shared efforts, interests, and problems. which voice should darnold use?
Darnold is developing a business message that he hopes will convince his colleagues to keep common areas clean. He should use we-voice.
We-voice is a useful tool for concentrating on shared initiatives, passions, and issues. It works especially effectively for internal company communications.
The we-voice stresses the writer's common interests with the reader in a business communication. Although voice can be difficult to define, it is simple to identify.
We frequently say, "Don't use that tone of voice," in reaction to sarcastic, irate, or other improper tones. We might also reply to an email adversely and in an unprofessional manner.
Contrarily, a professional voice reflects favorably on the topic, audience, and writer and generates a favorable reaction from the reader. Make use of everyday language and stay away from negativity to develop this voice.
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corporate stocks and bonds meet the requirements to be among the items of property characterized as goods under the ucc. True or False
The statement " corporate stocks and bonds meet the requirements to be among the items of property characterized as goods under the ucc. " Is false Option B
What are corporate stocks?Generally, Different forms of corporate stocks each denote a different level of ownership interest in a firm. You can also hear this referred to as shares or stocks.
Before making an investment in stocks, it is essential to determine whether or not the company in question has more than one kind of share. A collection or kind of stock that all have the same rights is referred to as a class.
According to the statement, "corporation stocks and bonds fulfill the qualifications to be among the articles of property defined as goods under the ucc," these assets are qualified to be included in this category. Is it not true that Option B
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what monopolositc competitors demand curve is more elasticticity than a pure competitor or a pure monopolouist
The demand curve of a monopolistic competitor is more elastic than that of a pure rival and less elastic than that of a pure monopolist. In contrast to a monopoly where there are no near replacements, a monopolistically competitive firm's demand curve is substantially more elastic since substitutes exist.
Does monopolistic competition have an elastic demand curve?In monopolistic competition, a firm's demand curve is downward sloping, as opposed to perfect competition, in which the firm's demand curve is fully elastic. This is because businesses have the power to raise prices without alienating their whole customer base. A monopolistic competitor faces a downward-sloping demand curve, not a flat one, which allows it, like the monopoly, to raise prices without completely losing market share.
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copy equipment was acquired at the beginning of the year at a cost of $72,000 that has an estimated residual value of $9,000 and an estimated useful life of 5 years. it is estimated that the machine will output an estimated 1,000,000 copies. this year, 315,000 copies were made. what is the units-of-output depreciation for the year?
According to the given information, the units-of-output depreciation for the year is $19845
Given:
Purchase price = $72,000
Residual value = $9,000
Useful life = 5 years
a) Depreciable cost = $72,000 - $9,000 = $63,000
b) Depreciation rate = Depreciation expense / Depreciable cost
Depreciation expense = [tex]\frac{63,000}{5}[/tex] = $12,600
Depreciation rate = [tex]\frac{12,600}{6,300}[/tex] × 100 = 20%
c) Units of output method =
Depreciation per copy of output = [tex]\frac{63,000}{1,000,000}[/tex] = 0.063 per copy
Depreciation in the current year = $0.063 × 31,5000 = $19,845
The accounting technique of spreading out the cost of a tangible asset over its useful life is known as depreciation. The amount of depreciation shows how much of an asset's value has been utilized. By purchasing assets over a predetermined period of time, it enables businesses to generate income from the assets they own.Comparable to amortization, which takes into account the increase in value of intangible assets over time, is depreciation.Learn more about Depreciation, here
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would you consider the price elasticity of demand for toilet paper to be elastic or inelastic? why?2. what are some of the non-price determinants (factors) of demand and non-price determinants (factors) of supply for toilet paper?3. what are some of the determinants of supply for toilet paper?4. what do you feel were the most impactful contributing factors to the toilet paper shortage of 2020?
Relatively inelastic consider the price elasticity of demand for toilet paper to be elastic or inelastic.
Relatively inelastic demand is one when the percentage change produced in demand is less than the percentage change in the price of a product. For example, if the price of a product increases by 30% and the demand for the product decreases only by 10%, then the demand would be called relatively inelastic.
Relatively inelastic demand means that there will be more change in the price of a good or service than in the demand for that good or service.
Electricity, gas, oil, and water are all relatively inelastic because consumers rely on these as necessities rather than luxuries.
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the manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called what? it is used when products are unique and extensively customized for the specific needs of individual customers. the manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called what? it is used when products are unique and extensively customized for the specific needs of individual customers. assemble-to-order (ato) engineer-to-order (eto) make-to-stock (mts) make-to-order (mto)
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Engineer-to-order(ETO), Make-to-order(MTO)
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Engineer-to-order, it is used when products are unique and extensively customized for the specific needs of individual customers.
The manufacturing strategy in which the product is designed, engineered, and built to specifications only after the order has been received is called Make-to-order, it is used when products are unique and extensively customized for the specific needs of individual customers.
Make-to-order (MTO), or made-to-reserve, is a business manufacturing method that commonly permits purchasers to purchase merchandise that might be customized to their specifications. it's far a manufacturing system in which the manufacturing of an item begins handiest after a confirmed client order is acquired.
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omar and penn want to discharge their contract by executing a new agreement with performance different from what they originally promised. they can best accomplish this by
They can best accomplish Discharge of contract by an accord and satisfaction
The term discharge of contract refers to the termination of the parties' contractual relationship. When a contract ceases to operate, the rights and obligations created by the parties are said to have been discharged. A contract can be discharged if the parties mutually agree to end it. Furthermore, there are various methods for contract termination.
The following methods are used to discharge a contract:
Discharge by Performance
Discharge by Agreement or Consent
Discharge by Performance Impossibility
Discharge by Time Lapse
Discharge by Operation of Law
Discharge by Breach of Contract
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in the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate. this is also the weakest argument. explain.
Weakest argument the freeing of monetary policy from the task of maintaining an exchange rate creates a lack of external discipline on monetary policy and leads to an overreliance on inflationary policies to satisfy domestic economic needs.
The black swan is named after the classic fallacy of induction, which assumes that all swans must be white, because all swans an observer sees are white. This is an example of a weak inductive argument. For thousands of years it has been generally accepted that all swans are white.
A weak argument is a non-deductive argument that is unlikely to support its conclusion.
Weak arguments are illogical, unrealistic, and irrelevant arguments. Even extreme statements and examples are weak arguments. These may not be directly related to the question and are weak elements of the argument. Such arguments may be opinion-based, vague, or unnecessary.
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A performance report shows that the planning revenue was $240,000, the flexible budget revenue was $225,000, and actual revenue was $230,000. The activity variance is $_______.
A performance report shows that the planning revenue was $240,000, the flexible budget revenue was $225,000, and actual revenue was $230,000. The activity variance is $Unfavourable.
Activity variance is another name for the discrepancy between a project’s actual and planned progress.Numerous factors can affect the frequency of activity variance. Accurate estimations and predictions, insufficient resource planning and management, and the human element are other causes of activity variation. The activity variation with the specified planning income and fixed budget revenue is unfavourable by $15,000 dollars.An activity variance is the difference between what wasThe budgeted flexible revenue reflects what could have been reached but wasn’t, and the additional actual revenue received represents the revenue variance. expected and what really occurred during a project.
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the distinctive color, furniture, labels, logos, and employee uniforms that might be used by a company are known as its:
A color scheme will never be protected by a trademark.A company's distinctive color, furniture, labels, logos, and employee uniforms are known as its:a brand name.
What is a trademark?
Any word, phrase, symbol, design, or combination of these that identifies your products or services is considered a trademark.It is how customers distinguish you from your rivals and recognize you in the market.Trademarks and service marks can both be referred to as "trademarks."
What is a trademark or copyright?
A trademark protects items that distinguish one company from another, whereas a copyright protects original works.A trademark is established by common use of a mark in the course of business, whereas copyright is generated automatically upon the creation of original work.
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when ann was traveling outside of the united states, she found the perfect souvenir. unfortunately for ann, when she tried to make the purchase with her debit card, she was told that the transaction was denied. this happened because at that time ann had only $200 in her checking account, even though she had $900 in a savings account at the same bank. the souvenir cost $300. ann was very disappointed and regretted having to pass up the purchase. what could ann have done prior to her trip to ensure that she could spend more than what was in her checking account?
She enhanced the overdraft protection in her bank account.
Explanation:
Banks provide overdraft protection as a type of credit facility. The capability enables transactions like checks, electronic payments, and transfers to proceed even when there are not enough money in the account. Bounced payments are protected from by overdraft protection, which carries severe penalties.
Having a debit card is Ann. She is limited to using the money in her accounts when she shops. Automatic credit is not a feature of debit cards. Ann ought to have turned on her debit card's overdraft protection. So that the debit card could withdraw funds from her savings account, she would have connected her savings account to her checking account. Overdraft protection is available for savings accounts.
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consider the capm. the risk-free rate is 3%, and the expected return on the market is 15%. what is the expected return on a stock with a beta of 1.2?
17.4% is the expected return on a stock.
Expected return=risk free rate+beta*(market rate-risk free rate)
=3+1.2*(15-3)
which is equal to
=17.4%
Inventory includes all the stocks with the aid of which ownership of a business enterprise or employer is split. A unmarried proportion of the stock approach fractional possession of the business enterprise in share to the whole variety of stocks.
Stocks represent ownership in a publicly traded corporation. whilst you buy a agency's stock, you become element-owner of that corporation. as an instance, if a organisation has one hundred,000 shares, and you buy 1,000 of them, you very own 1% of the organization.
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