Answer:
Business; competitors; secret; readily available; difficult; reasonable efforts.
Explanation:
A trade secret is a formula, device, process, method, or compilation of information that, when used in business, gives the owner an advantage over competitors who do not know the secret information.
In addition to considering the competitive advantage, a court will consider whether the information was, readily available and difficult (and/or expensive) to obtain, when determining whether something is a trade secret. Another important consideration is whether the company made reasonable efforts to protect it.
For example, the recipe and ingredients used in the manufacturing of popular soft drinks and alcoholic beverages is a trade secret that isn't known to many people around the world.
Answer: $51 million
Explanation:
Firstly, we need to calculate the required reserve which will be:
= $500 × 15%
= $500 million × 0.15
= $75 million
Then, the excess reserve will be:
= $126 million - $75 million
= $51 million
Therefore, the maximum deposit outflow it can sustain without running into reserve deficiency is $51 million.
Answer: Option (b) is correct.
Explanation:
Economists are generally using both the methods for calculating GDP because the combined estimates from both the methods provides a more appropriate measure of GDP.
For instance, there is an construction industry and for this industry all the costs incurred before the generation of income. So, expenditure method is more appropriate for this type of industry.
Alternatively, in the service sector income method is more appropriate than the expenditure method.
Answer:
A) the bond issuance on January 1, 2018
Dr Cash account 630,000
Dr Discount on Bonds Payable account 70,000 (amortized over 10 years, i.e. 7,000 each year)
Cr Bonds Payable account 700,000
B) the payment of interest on December 31, 2018
Dr Interest expense 28,000 (= $700,000 x 4%)
Cr Cash account 28,000
Cr Discount on Bonds Payable account 7,000
Answer:
19.7%
Explanation:
The modified internal rate of return is a capital budgeting method used to determine the profitability of an investment. The MIRR assumes that cash inflows are reinvested at the firm's cost of capital and outflows are financed at the firm's financing cost.
MIRR = (Future value of a firm's cash inflow / present value of the firm's cash outflow)^ (1/n) - 1
Future value = payment x[ (1 + interest rate)^n - 1 ] / interest rate
$193,000 x (1.17^5) - 1 / 0.17 = 1353779.24
1353779.24 / $551,000) ^0.2 - 1 = 19.7%