A museum of natural history opened a gift shop which operates 52 weeks per year. Top-selling item is a bird feeder. Sales are 18 units per week, the supplier charges $60 per unit. Ordering cost is $45. Annual holding cost is 25 percent of a feeder's purchasing cost. Use this information to answer Questions 10-15. Note: Use "1 year = 52 weeks" in your conversions: Management chooses an order quantity of 360 (per order). What is the annual total cost of this policy? Round to the nearest dollar. Hint: Total Cost = Annual Purchasing Cost + Annual Ordering Cost + Annual Holding Cost. Question 11 5 pts Management chooses an order quantity of 36 (per order). What is the annual total cost of this policy? Round to the nearest dollar. Hint: Total Cost = Annual Purchasing Cost + Annual Ordering Cost + Annual Holding Cost. Calculate the EOQ for the museum. Round to the nearest integer. Question 13 What is the annual total cost of the EOQ policy? Round to the nearest dollar

Answers

Answer 1

The museum's gift shop sells bird feeders as its top-selling item. By analyzing different order quantity , we can determine the annual total cost for two different policies: one with an order quantity of 360 and another with an order quantity of 36.

For an order quantity of 360, we can calculate the annual total cost using the given information. The annual purchasing cost can be calculated as the product of the sales per week (18 units) and the supplier's price per unit ($60), multiplied by the number of weeks in a year (52). The annual ordering cost is given as $45. The annual holding cost can be calculated as 25% of the feeder's purchasing cost. For an order quantity of 36, we can repeat the same calculation process to find the annual total cost using the new order quantity. To find the Economic Order Quantity (EOQ), we can use the EOQ formula, which is the square root of [(2 x Annual Demand x Ordering Cost) / Holding Cost].

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Related Questions

Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions between Logan and Argon occurred in year 2: Logan received a bonus of 100 shares of publicly traded stock worth $13,000 with a basis to Argon of $8,000, and Logan purchased 1,000 shares of unrestricted Argon stock pursuant to a nonqualifying stock option plan for $10 per share when stock was valued at $25 per share. What amount of compensation should Argon report in Logan's Form W-2 for year 2

Answers

Answer:

$88,000

Explanation:

Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2

First step is to determine the bargain element

Bargain Element=$25 per share-$10per share

Bargain Element=$15 per share

Now let determine the amount of compensation

Using this formula

Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)

Let plug in the formula

Compensation=$60,000+$13,000+($100 shares*$15 per share)

Compensation=$60,000+$13,000+$15,000

Compensation=$88,000

Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000

which of the following are true statements about competitive markets? multiple select question. a competitive market allocates resources efficiently. a competitive market always results in overproduction of products. a competitive market makes private goods available to consumers. a competitive market always results in underproduction of products.

Answers

Consumers can purchase private goods in a competitive market, which also effectively distributes resources. (A and C)

What do you name a market that is competitive?

A market with intense competition is one with a competitive market structure. It is also referred to as a completely competitive market because it has lots of customers, uniform products, open entry and exit, etc. In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its response to availability and demand changes as shown by the supply curve, which depicts the quantity of a good. In economics, a perfect market, often referred to as an atomistic market, is defined under the general equilibrium theory.

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__________ are a part of big data analytics that allow a company the opportunity to analyze location data from mobile phones of employees.

Answers

Location analytics are part of the big data analytics that allows company opportunity to analyze the location data from mobile phones of employees.

What is Location analytics?

The process of adding a layer of geographic data to a company's data assets in order to gain more insightful information is known as location analytics. By providing a new perspective on trends and correlations in the data, this enables questions about various business processes to be asked in a wider context. Every employee in an organization can use spatial analytics and other analytics tools to interpret the data from a location-specific perspective, make predictions, and adjust business operations as necessary thanks to location analytics. The addition of location to an organization's analytics enables decision-making with more context and generates deeper insights that might not have been found with conventional, flat business intelligence (BI) data.

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how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?

Answers

Answer:

Pneumonoultramicroscopicsilicovolcanoconiosis

Explanation:

Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.

sove 3logx + 5 is equal to 8​

Answers

♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️

\(3 log(x) + 5 = 8\)

Subtract sides 5

\(3 log(x) + 5 - 5 = 8 - 5\)

\(3 log(x) = 3\)

Divide sides by 3

\( \frac{3 log(x) }{3} = \frac{3}{ 3} \\ \)

\( log(x) = 1\)

_________________________________

Reminder :

\( log_{a}(x) = b\)

\(x = {a}^{b} \)

_________________________________

Thus ;

\( log_{10}(x) = 1\)

\(x = {10}^{1} \)

\(x = 10\)

Done...

♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️

An income statement: Select one: A. Reports the results of operations for a period B. Reports on the events causing a change in stockholders' equity during a period C. Presents a firm's assets, liabilities, and stockholders' equity on a given date D. Reports cash inflows and outflows during a period E. None of the above

Answers

It should be noted that an income statement A. Reports the results of operations for a period.

What is an income statement?

An income statement simply means the financial statement which shows the income and expenditure of a company.

An income statement reports the results of operations for a period. It's important to know how the company is doing financially.

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One of the many tasks that an Environmental Engineering Technician might do is: Question 3 options:
Conduct pollution survey
Manages invasive plant species
Complete research on wildlife
Work as a farm hand

Answers

One of the many tasks that an Environmental Engineering Technician might do is to conduct a pollution survey.

What is Environmental Engineering Technician?

There are many different positions one might hold within the broad field of environmental technology. One of them is assisting environmental engineers and environmental scientists in identifying, evaluating, preventing and controlling environmental contamination.

Environmental technicians conduct equipment inspections and maintenance, handle hazardous waste, collect samples, oversee waste operations, and perform other tasks as required.

Environmental specialists keep an eye on the environment and look for sources of contamination and pollution, especially those that could have an impact on public health. Additionally, they strive to stop environmental infractions.

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The EPA requires the use of precise forms called the

Answers

Answer:

The correct answer is The EPA requires the use of precise forms called? It is a requirement for those working with or owners of transporters and generators of waste materials deemed hazardous to acquire an EPA form 8700-22 called the uniform hazardous waste manifest.

Explanation:

i hope this helps 229 999 0523

A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. what is the net investment made?

Answers

A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. The net investment made is 2500.

An asset or object acquired with the intention of creating income or recognition is referred to as an investment. A purchase of goods that are not consumed right away but will be utilized to create wealth down the road is referred to as an investment in an economic outlook.

A company makes a capital investment when it buys tangible assets to utilize in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment.

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Mandy is buying plants and soil for a flowerbed for her mom. The soil costs P₱100 per bag and the plants cost ₱200 each. She want to buy at least 6 plants and can spend no more than most?​

Answers

Mandy can spend a maximum of P₱1000. She will have to buy at least 6 plants so that she get the most out of her budget. She has option to buy 6 plants for P₱1200 and still have P₱200 left to buy 2 bags of soil.

This would take her at total cost of P₱1400. If she want to get the most out of her budget, she could buy 5 plants for P₱1000 and 4 bags of soil for P₱400, bringing her total cost to P₱1400. This will give her the most plants for her money. However in case she needs more plants or soil, she will have to adjust her budget accordingly. While doing this will ensure that Mandy is able to get the most out of her money and can create a beautiful flowerbed for her mom.

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What might be an advantage of using credit

Answers

it builds your credit
You can buy things immediately when you don’t have your own personal money, and pay it off later on.

if expected inflation is 2%, the nominal interest rate is 7% and the economy is growing at a rate of 3%, the real interest rate is equal to

Answers

The real interest rate would be 5% (7% - 2%).

The economy's growth rate is not relevant in calculating the real interest rate.
The real interest rate is calculated by subtracting the expected inflation rate from the nominal interest rate.

If expected inflation is 2%, the nominal interest rate is 7%, and the economy is growing at a rate of 3%, the real interest rate can be calculated using the Fisher equation. The Fisher equation is:

Real interest rate = Nominal interest rate - Expected inflation

To find the real interest rate, simply plug in the values:

Real interest rate = 7% - 2%

Real interest rate = 5%

So, the real interest rate is equal to 5%.

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POSSIBLE POINTS: 5
Use the sample stock quote below to identify the following figures.
Market Summary> Under Armour Inc Class A
NYSE: UAA
+ Follow
9.77 USD +0.080 (0.83%) +
DT
1 day
5 days
1 month
6 months
YTD
1 year
5 years
Max
10.0
9.77 USD 11:17 AM
9.9
98
9.7..
9.6
- Previous
close
959
10:00 AM
12:00 PM
1:00 PM
2:00 PM
SO0 PM
400 PM
Open
High
Low
Mit cap
P/Eroti
Div yield
Prev close
9.91
9.95
9.70
4.198
48.19
52-wk High
52-wk low
22.72
735
Current Price indicates how much one share of stock
costs right now)
Price Change Today (shows if the stock is up or down in
value since the market opened)
Year High Low (shows the highest the price of this stock
has been and the lowest it has been in the past year)
:
Market Cap (shows how much the company is worth in
total. Used to help shareholders understand their
percentage of shares)
Price to Earnings Ratio (shows how much one should
expect to invest in order to experience profits. A high
ratio indicates more money required to see substantial
returns)

POSSIBLE POINTS: 5Use the sample stock quote below to identify the following figures.Market Summary>

Answers

Answer:

ok, so it can be all of them but the answer is aaaa

Explanation:

How the environmental dimensions of the servicescape explain the success of central market?

Answers

The environmental dimensions of the servicescape play a significant role in explaining the success of Central Market.

The servicescape refers to the physical environment where a service is delivered. In the case of Central Market, its success can be attributed to the effective management of various environmental dimensions within its servicescape. Central Market excels in creating a visually appealing and aesthetically pleasing atmosphere through its well-designed layout, attractive displays, and high-quality infrastructure. The ambiance, including lighting, music, and overall atmosphere, is carefully crafted to create a positive and enjoyable shopping experience for customers. Additionally, Central Market pays attention to factors such as cleanliness, comfort, and convenience, which contribute to customer satisfaction. These environmental dimensions enhance the overall experience, attract customers, and contribute to the success of Central Market as a preferred shopping destination.

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True or False When evaluating the choice you made you should never second guess your decision? Pls help

Answers

Answer:

False. When you want to make a decision, you have to think about the consequences. Good or bad? Will it affect someone mentally?  Will it help you in the future? It's about the consequences.

Explanation:

A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?

Answers

I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer

Answer:

The deal I would take is the first deal.

Explanation:

I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.

Fatiha works in a doll factory. In her role she actually assembles entire dolls, from beginning to end and has a visible outcome of her days work, which is related to which core job characteristic?

Answers

Fatiha's work in the doll factory is related to the core job characteristic of task significance.

The characteristics of a job refer to those aspects of work that have an impact on employees' feelings of job satisfaction and motivation. A job characteristic is a way of describing a job based on its features. These job characteristics can be identified by job design, which is the process of designing jobs to enhance employee satisfaction and performance.

The job characteristics model is based on the assumption that five core job characteristics influence job satisfaction, motivation, and performance. Skill variety, task identity, task significance, autonomy, and feedback are the five core job characteristics.Each of these five core job characteristics, when combined, can lead to desirable outcomes such as job satisfaction, motivation, and performance.Task significance is one of the core job characteristics.

It refers to the extent to which a job has an impact on people's lives or the world at large. When an employee's work has a significant impact on others, they are more likely to feel a sense of purpose and accomplishment. Assembling entire dolls, from beginning to end, as Fatiha does, would have a visible outcome that would make her feel like her work is significant.

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a fixed-price contract is useful and appropriate when

Answers

Firm fixed-price contracts tend to be best suited for straightforward projects in which costs are well known in advance.

3
Roscoe is helping his cousin redesign her family room. They work together to select a white leather couch, two white brocade chairs, and a large
white rug. They pick out some white throw pillows with different textures--some are knitted, and others are linen. Which BEST describes the
color scheme that Roscoe is creating?
A.
monochromatic
B.
complementary
OC.
primary
D.
analogous
Kk

Answers

Answer:  Monochromatic

Explanation:  Mono = 1, Chromatic = color:  Everything is white.

a differential analysis is useful for all of the following decisions except a.making or buying a component part. b.accepting additional business at a special price. c.discontinuing a segment or product. d.none of these choices are correct.

Answers

A  differential analysis is useful for all of the following decisions except d.none of these choices are correct.

What is differential analysis?

Differential analysis  can be described as the decision-making technique which is been used in the process of examination of the benefits and costs associated with each of two  terms as well as the comparison of the the net results of the two.

It should be noted that the alternative selected  can be regardecas the one that is  mostly favorable , hence it  focuse on the future costs and benefits that differ between the alternatives.

Therefore, option D is correct.

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seattle adventures, incorporated, is trying to decide between the following two alternatives to finance its new $17 million gaming center: issue $17 million, 6% note. issue 1 million shares of common stock for $17 per share with expected annual dividends of $1.02 per share.

Answers

1) The completion of the income statement for Seattle Adventures, Incorporated for the year is as follows:

Seattle Adventures, Incorporated

Income Statement (completion)

For the year

                                                                  Issue Note      Issue Shares

Operating income                                  $9,200,000       $9,200,000

Interest expense (on the issued note)     1,020,000        0

Income before tax                                   $8,180,000      $9,200,000

Income tax (30%)                                      2,454,000         2,760,000

Net income                                             $5,726,000      $6,440,000

Number of shares                                    2,200,000        3,200,000

Earnings per share (net income/number)  $2.60                  $2.01

2a) Interest expense will be higher by $1,020,000 with the note issuance.

2b) Dividends will be higher by $1,020,000 with the stock issuance.

2c) The issuance of the notes results in higher earnings per share than the issuance of the stock.

How the earnings per share are computed:

Notes Payable = $17 million

The annual interest rate on the notes payable = 6%

Total annual interest expense = $1,020,000 ($17 million x 6%)

Earnings per share = Net Income/Number of Common Stock outstanding

= $2.60 ($5,726,000/2,200,000)

Common stock = $17 million (1 million x $17)

Annual dividend per share = $1.02

Total annual dividends = $17,340,000 (17 million x $1.02)

Earnings per share = $2.01 ($6,440,000/3,200,000)

Thus, based on the earnings per share results, Seattle Adventures, Incorporated should issue the notes instead of issuing stock.

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Question Completion:

Required: 1. Assuming the note or shores of stock are issued at the beginning of the year, complete the income statement for each alternative.

Outstanding number of common stock shares = 2,200,000

Operating income = $9,200,000

Income tax rate = 30%

2. Answer the following questions for the current year, (a) How much are interest payments higher if issuing the note? (b) How much are dividend payments higher by issuing stock? (c) Which alternative results in higher earnings per share?

fast pls The Fair Labor Standards Act does not cover which of the following?
unemployment compensation
child labor
minimum wage
overtime pay

Answers

The answer is unemployment compensation :) hope this helps

The semi automatic lathe is 10000$ and the automatic lathe is is 100000 in the case what is the best among three options depending on the part quantity range

Answers

When deciding between a semi-automatic and automatic lathe, the best option depends on the part quantity range. If the production volume is low and the parts are relatively simple, then the semi-automatic lathe may be the more cost-effective choice.

The initial investment cost is significantly lower, and it requires less operator training and maintenance.

However, if the production volume is high and the parts are complex, then the automatic lathe may be the better option. It can handle larger volumes and more intricate parts with minimal operator intervention. While the upfront investment cost is much higher, it may be more efficient and cost-effective in the long run.

Ultimately, it is important to consider the specific needs of your production process and weigh the costs and benefits of each option. Consult with industry experts and evaluate the potential return on investment before making a decision.
To determine the best option among the semi-automatic lathe and the automatic lathe based on part quantity range, you need to consider the cost of each machine and their production capabilities. Here's a concise comparison:

1. Semi-automatic lathe ($10,000): This machine is more cost-effective upfront, making it suitable for small-scale manufacturing or producing lower part quantities. However, it might require more manual intervention and may not be as efficient in terms of production time.

2. Automatic lathe ($100,000): This machine is more expensive upfront, but it offers higher production efficiency, as it can produce parts with minimal manual intervention. This makes it suitable for large-scale manufacturing or when higher part quantities are required.

To choose the best option, consider the following factors:
- Production requirements: If you need to produce a high quantity of parts quickly, the automatic lathe may be the better choice.
- Budget constraints: If you have a limited budget, the semi-automatic lathe might be more suitable.
- Return on investment (ROI): Calculate the ROI for both machines based on your production needs and costs, and select the option that offers the best ROI over time.

In conclusion, the best choice depends on your production requirements, budget, and expected ROI. For lower part quantities, the semi-automatic lathe may be more suitable, while the automatic lathe is better for higher part quantities or more significant production demands.

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Help me with this please.

Help me with this please.

Answers

I dont think its decision making so I think its the first one and the second one

Answer:

its customer service and desion making

Explanation:

hope it help btw i search it up and it said that so its right

the role of is to promote stability or to enable the organization to run smoothly, whereas the role of is to promote adaptive or useful change multiple choice management...leadership control...supervision leadership...management supervision...management leadership...supervision

Answers

In order to ensure that objectives are met, organizing is a management task that includes both creating an organizational structure and allocating resources to individuals.

What does the word "management" mean frequently?

To accomplish a purpose, management organizes and controls tasks. These administrative responsibilities include formulating the organization's plan of action and organizing the staff's efforts to achieve these objectives while utilizing the resources at hand. Management is the process of allocating a company's resources and activities to accomplish particular objectives as effectively and efficiently as feasible. How well managers do their tasks determines whether an organization succeeds or fails.

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identify and describe the three basic types of business organizations found in the united states. explain as many characteristics for each type of organization as you can.

Answers

The three basic types of business organizations found in the United States are sole proprietorships, partnerships, and corporations.

Sole Proprietorships:

A sole proprietorship is a business owned by a single individual. This type of organization is easy and inexpensive to start and maintain. The owner has complete control over the business and is personally liable for all debts and legal issues.

The owner also receives all profits and is responsible for paying all taxes associated with the business.

Partnerships:

A partnership is a business owned by two or more individuals who share profits and liabilities. There are two types of partnerships: general partnerships and limited partnerships. In a general partnership, all partners have equal rights and responsibilities.

In a limited partnership, there is at least one general partner who manages the business and is personally liable for all debts, and one or more limited partners who contribute capital but have no management authority.

Corporations:

A corporation is a legal entity separate from its owners, who are called shareholders. A corporation can be publicly traded or privately owned. Shareholders are not personally liable for the corporation's debts or legal issues, and their liability is limited to their investment in the corporation.

The corporation is managed by a board of directors, who are elected by the shareholders. Corporations are more complex and expensive to set up and maintain than sole proprietorships or partnerships, but they offer many advantages, including the ability to raise capital by selling stock and to attract talented employees with stock options.

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Please help:) if possible:)

Please help:) if possible:)

Answers

Answer:

c

Explanation:

Being "501(c)(3)" means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization.

How did the mongol conquests affect the italian economy?.

Answers

Answer:

The mongols unified much of Asia into one trade network, lowering prices creating a demand

for goods in Europe.

In the Vroom-Yetton model of decision participation, the rules for identifying appropriate decision procedures are designed to protect the ________.

Answers

In the Vroom-Yetton model of decision participation, the rules for identifying appropriate decision procedures are designed to protect the quality of the decision outcome and the level of subordinate acceptance of the decision.

The model emphasizes the importance of tailoring the decision-making process to fit the specific situation, considering factors such as the importance of the decision, the level of expertise among group members, and the availability of time and resources.

By selecting the appropriate decision-making process, the model aims to protect the interests of both the organization and its employees, ensuring that decisions are made efficiently and effectively while maintaining employee satisfaction and participation.

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25. is an adaptation of the divisional structure whereby various divisions or parts of divisions are grouped together based on some common strategic elements, usually linked to distinct product/market differences. group of answer choices a) the product-team structure b) the strategic business unit (sbu) structure c) the holding company structure d) the ambidextrous organization e) the modular organization

Answers

B) The strategic business units (sbu) structure. While a strategic business unit functions independently, it is also an essential component of the business. It communicates its operational status to headquarters.

Grouping activities by geography, such as into Latin American divisions, is known as geographic structuring. Because it allows for flexibility in product offerings and marketing strategies, geographic structuring is especially crucial when tastes and brand responses differ across regions.

A fully functional business unit with its own vision and direction is referred to as a strategic business unit, or SBU. A strategic business unit is an important part of the company, even though it typically operates independently. It reports to the base camp about its functional status.

What is the structure of a strategic business unit (SBU)?

Independent operating units that operate independently are part of a strategic business unit structure. Top corporate officials delegate to division owner's responsibilities for business unit strategy and regular operations within the structure.

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Other Questions
A student is asked to find the length of the hypotenuse of a right triangle. The length of one leg is 38 centimeters, and the length of the other leg is 21 centimeters. The student incorrectly says that the length of the hypotenuse is 7.7 centimeters a. Find the length of the hypotenuse of the right triangle to the nearest tenth of a centimeter. How can I rewrite y = .07x(x - 4)(x - 6)(x - 10) in standard form? Please show steps, thank you! What is osmoregulation Identify the reason that best explains why the director of Moving Windmills might have wanted to share William Kamkwambas story through film rather than through writing.He wants the audience to see what William Kamkwamba looks like.He wants the audience to feel William Kamkwamba is speaking directly to them.He wants the audience to hear William Kamkwamba speak.He wants the audience to get to know William Kamkwamba in a different way. Which statement about civil rights leader Thurgood Marshall is correct? Work out the circumference of this circle.Take pi to be 3.142 and give your answer to 1 decimal place.9 m Which of the following substances are insoluble in water? Select all that apply. ANSWER ALL PARTS OF THIS QUESTIONThe following is an extract from the balance sheet of CHG plc (CHG) for the fiscal year ended 31 De- cember 2021:EQUITY (in million)Share capital and share premium 83.05Other reserves 18.94Retained earnings 46.32Total equity 148.31LIABILITIESNon-current liabilities 92.51Borrowings Provisions 3.58Total non-current liabilities 96.09Current liabilitiesTrade and other payables 21.47Provisions 2.96Total current liabilities 24.43 a) The above extract shows equity and liability positions of CHG.i) Assume that, in fiscal year 2020, CHG issued preference shares that include the option for shareholders to require redemption of the initial investment amount at the end of fiscal year 2024. Explain where in the above extract these preference shares are included by referring to the relevant accounting standard from the IFRS.ii) Among the borrowings listed in the above extract are bonds that CHG issued during fiscal year 2021 and that are publicly traded. The bonds have a maturity of five years after which CHG will repay the lenders. Explain which categories for the classification of financial instruments under IFRS 9 are available to classify these bonds.b). In June 2021, CHG acquired shares that were issued by MVG plc and are traded on the London Stock Exchange as well as smaller exchanges in other countries on which trading is infrequent. CHG acquired the shares for a price of 825,000 and paid transaction costs of 17,500. On 31 December 2021, the shares had a price of 749,000 at the London Stock Exchange and of 801,000 at the smaller exchanges. On 31 December 2022, the shares had a price of 854,500 at the London Stock Exchange and of 876,000 at the smaller exchanges. On the same day, CHG sells the shares for the price of 854,500 at the London Stock Exchange.i) Assume that CHG classifies the shares as Fair value through profit or loss (FVPL) and thus measures the shares subsequently at their fair value. The above information contains two possible prices for the shares at each reporting date. Explain which prices correspond to the fair value under IFRS 13.ii) Assuming that CHG classifies the shares as FVPL, explain the accounting treatment according to IFRS 9 of each element listed above and prepare the journal entries for the initial recognition and subsequent measurement of the shares in CHGs financial statements for fiscal years 2021 and 2022.iii) Now assume that CHG makes use of the option to irrevocably classify the shares as Fair value through other comprehensive income (FVOCI) at initial recognition. Explain how the accounting treatment of the shares under FVOCI differs from the accounting treatment under FVPL. 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