Answer:
$35,102 saved, 98.87% saved
Explanation:
The parents paid:
$150 ER
$100 ambulance
$200 hospital
_____
$400 total
The bills were:
$1347 ER
$1173 ambulance
$32982 hosp stay
____________
$35,502 total
They saved $35,502 - $400 = $35,102
Savings of $35,102/35,502 = 0.98873 = approx 98.87%
Answer:
B. Width
Explanation:
Proctor and Gamble organizes it vast product offering into five different product lines; hair products, oral care, soaps and detergents, baby care, and personal care. This means that the product mix width is five.
The width or breadth of a company's product line has to do with how many product lines existing in the company.
In the case of Proctor and Gamble, the scenario states that its vast product offerings are largely classified into five different product lines, referring to its width of its product mix.
Proctor and Gamble has a product mix breadth of five, due to the five different product lines it carries: hair products, oral care, soaps and detergents, baby care, and personal care (option c).
In marketing terms, the breadth (also known as width) of a product mix refers to the number of different product lines a company carries. Here, Proctor and Gamble carries five product lines: hair products, oral care, soaps and detergents, baby care, and personal care. Thus, the product mix breadth of Proctor and Gamble is indeed five.
This is an important aspect of Proctor and Gamble's marketing strategy because it helps the company to diversify, reach different markets and potentially boost overall sales.
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marks
Based on the search results, one relevant source to answer the question would be either result, which both reference a case study involving Smith Imports Inc. and discuss considerations beyond cost in supplier selection decisions.
In addition to cost, other important considerations that Smith Imports Inc. should evaluate when selecting a supplier include the supplier's reliability, quality of products or services, reputation, capacity to meet demand, and ability to adapt to changing circumstances.
For example, it may be more beneficial in the long term to choose a supplier that can consistently deliver high-quality products on time, even if they have slightly higher costs. Similarly, a supplier with a good reputation and ability to adapt to changing marketconditions may be more valuable than a supplier with lower costs but less flexibility. Ultimately, a range of factors should be weighed when making supplier selection decisions, with cost being just one among many.
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Note: Use IFRS 9 as the IFRS source.
Answer:
Financial assets are instruments that represent a claim to the economic benefits of an entity. They can be categorized into various classes based on their nature and purpose. Two common categories of financial assets are "passive investments" and "loans and receivables." I'll explain each category and their measurement under both IFRS (using IFRS 9) and ASPE (Accounting Standards for Private Enterprises).
1. Passive Investments:
Passive investments are financial assets that an entity holds to earn returns on the investment, such as dividends, interest, or capital appreciation. They are typically acquired with the intent of holding them for the long term rather than actively trading them.
Measurement under IFRS 9:
Under IFRS 9, passive investments are classified into two main categories:
a. Fair Value Through Other Comprehensive Income (FVOCI): Passive investments can be designated at initial recognition to be measured at fair value through other comprehensive income. Changes in fair value are recognized in other comprehensive income, and only accumulated gains or losses are recognized in the income statement upon derecognition or impairment.
b. Fair Value Through Profit or Loss (FVTPL): Alternatively, entities can choose to measure passive investments at fair value through profit or loss. Changes in fair value are recognized directly in the income statement.
Measurement under ASPE:
Under ASPE, the equivalent category to FVOCI is "Available-for-sale financial assets," and the equivalent to FVTPL is "Fair value through profit or loss." The measurement and recognition principles are generally similar to IFRS, with some differences in terminologies and specific requirements.
2. Loans and Receivables:
Loans and receivables are financial assets that involve contractual rights to receive cash or another financial asset from another entity. They arise from lending money, providing goods or services on credit, or holding accounts receivable.
Measurement under IFRS 9:
Under IFRS 9, loans and receivables are initially measured at their transaction price, which usually includes transaction costs. Subsequently, they are measured at amortized cost using the effective interest rate method, unless they are determined to be impaired.
Measurement under ASPE:
ASPE has a category called "Loans and receivables," which is similar to IFRS's classification. Loans and receivables under ASPE are also initially measured at the transaction price, including transaction costs, and subsequently measured at amortized cost using the effective interest rate method, unless they are impaired.
It's important to note that while both IFRS and ASPE have similarities in the classification and measurement of financial assets, there might be some differences in terminology, presentation, and specific requirements. Additionally, the standards and their interpretations may change over time, so it's crucial to refer to the most up-to-date versions of IFRS 9 and ASPE for accurate information.
Explanation:
Final answer:
The different categories of financial assets under IFRS and ASPE are financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.
Explanation:
Financial assets are resources that hold monetary value and can be classified into different categories based on their characteristics and purpose. Under International Financial Reporting Standards (IFRS) and Accounting Standards for Private Enterprises (ASPE), financial assets are categorized into three main groups: financial assets at fair value through profit or loss, financial assets at amortized cost, and financial assets at fair value through other comprehensive income.
Financial assets at fair value through profit or loss: These assets are held for trading purposes or are designated as such by the entity. They are measured at fair value, with changes in fair value recognized in profit or loss. Financial assets at amortized cost: These assets are held to collect contractual cash flows and are measured at amortized cost using the effective interest method. They include loans, receivables, and held-to-maturity investments.
Financial assets at fair value through other comprehensive income: These assets are neither held for trading nor held to collect contractual cash flows. They are measured at fair value, with changes in fair value recognized in other comprehensive income.
Under IFRS, the measurement of financial assets is primarily based on their classification. IFRS 9 provides guidance on the classification, measurement, and impairment of financial assets. ASPE, on the other hand, follows a similar approach to IFRS but with some differences in terminology and specific requirements.
Learn more about categories of financial assets and their measurement under ifrs and aspe here:
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b. four junior justices, three associate justices, and the chief justice
c. eight associate justices and one chief justice
d. eight chief justices and one associate justice
the answer is c I just did the test and got it right