In North America, although sport teams have monopoly power, but they do not profit maximize.

Outline reasons why they do not profit maximize on their ticket sales. Provide 5 bullet

points.

1. What was the Harlem Renaissance, and what were some of its key characteristics?
2. Discuss the causes of the Great Depression. What policies did Herbert Hoover attempt in trying to combat the effects on America?

Based on the Pangle reading, how is the Biblical view of property different than Locke's view? Did Locke’s view completely prevail in America? Support your answer to this second question with examples.

Watch the video Extreme Seniors

How is ageism affecting our "gray America" today? Albeit, there are some "extreme seniors" that are fighting the usual discrimination. What do you think is happening?

Interpret and summerize the data below

Read the statistical data and discuss your thoughts on the comparison.

P Co and S Co

The following are the draft statement of Financial Position of P Co and its subsidiary S Co as at 31st December 2019 are given below:                                                           

Additional information:

1. P Co acquired 80000 shares in S Co on 1^st Jan 2019 for a cost of $ 154,000 when the retained earnings of S Co were $ 30,000.
2. The fair value of the non-controlling interest in S Co at the date of acquisition was $50,000.
3. At the date of acquisition, the fair value of the net assets of S Co approximated their carrying amounts, except for a plot of land owned by S Co. This land was held in the financial statements of S Co at its cost of $100,000 but was estimated to have a fair value of $150,000. This land is still owned by S Co at 31st December 2019.
4. At 31^st December 2019, S Co sold goods to P Co for $ 40,000 at a mark -up of 25%. 50% of these goods were still unsold by P Co at the end of the year.
5. At 31^st December 2019, P Co owed S Co $ 24,000 for goods bought and this debt is included in the trade payable of P Co and the trade receivable of S Co.

Question 1

You are required to:

1. Prepare consolidate statement of financial position as at 31^st December 2019 of P Co’s.

(Provide Reference to IFRS wherever applicable, relevant workings including journal entry for unrealized profit)

• Relevant workings & presentation
• Consolidated statement of financial position

B. Evaluate the adjustment of provision for unrealized profit if:

At 31st December 2019, P Co sold goods to S Co for $ 40,000 at a Margin of 25%. 50% of these goods were still unsold by S Co at the end of the year.

Describe in 200 words during this analysis,

1. Describe American Apparel?

2 why is American Apparel was once a strong, highly profitable company? Please type

Find the interest rate implied by the following combinations of present and future values: (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required.)