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Effectus [21]
2 years ago
6

Ames Trading Company has the following products in its ending inventory. Product Quantity Cost per Unit Market per Unit Mountain

bikes 15 $ 720 $ 660 Skateboards 30 200 270 Gliders 24 770 720 Compute lower of cost or market for inventory applied separately to each product.
Business
1 answer:
andre [41]2 years ago
3 0

The total Lower of Cost or Market is $38870.

<h3><u>What is  Lower of Cost or Market?</u></h3>
  • Companies using U.S. GAAP must value their inventories using the lower of cost or market (LCM) technique.
  • The lower of the original cost or market value is used to value inventory in the lower of cost or market approach, as the name suggests.

We have,

Mountain Bikes: 15 units, cost: $710, market: $660, total cost: $10,650, total market: $9900, LCM: $9900

Skateboards: 20 units, cost: $260, market: $290, total cost: $7800, total market: $8700, LCM: $7800

Gliders: 29 units, cost: $810, market: $730, total cost: $23490, total market: $21170, LCM: $21170

Total cost: $41940

Total market: $39770

Total LCM: $38870

Learn more about Lower of cost or market with the help of the given link:

brainly.com/question/24503557?referrer=searchResults

#SPJ4

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EB1.
olya-2409 [2.1K]

Answer:

34,000 units

Explanation:

Given that,

Budgeted sales = 32,000 units

Ending inventory required = 6,000 units

Beginning inventory  = 4,000 units

Hence,

Number of units = Budgeted sales + Ending inventory - Beginning inventory

Number of units = 32,000 units + 6,000 units - 4,000 units

Number of units = 34,000 units

Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.

3 0
3 years ago
Trade industry short note​
Pie

Answer:

Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

6 0
3 years ago
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.5
konstantin123 [22]

Answer:

The current stock price is $13.60

Explanation:

D1 = $0.53

D2 = $0.58

D3 = $0.73

D4 = $1.03

Growth rate, g = 3.60%

Required return, r = 10.00%

D5 = D4 * (1 + g)

D5 = $1.03 * 1.036

D5 = $1.06708

P4 = D5 / (r - g)

P4 = $1.06708 / (0.10 - 0.036)

P4 = $16.673125

P0 = $0.53/1.10 + $0.58/1.10^2 + $0.73/1.10^3 + $1.03/1.10^4 + $16.673125/1.10^4

P0 = $13.60

So, current stock price is $13.60

7 0
4 years ago
As a result of a major hurricane, James' property experienced heavy flooding. His home was in a specialized flood hazard area. W
Irina-Kira [14]

National Flood Insurance will allow James to recoup part of his losses.

The NFIP presently owes $20.525 billion to the U.S. Treasury, leaving $9.nine billion in borrowing authority from a $30.425 billion restriction in law. This debt is serviced by using the NFIP and hobby is paid through top rate revenues.

According to the NFIP, the following varieties of harm aren't blanketed via flood coverage: damage resulting from moisture, mold, or mold that would have been avoided by the assets proprietor or which isn't always due to the flood. Harm resulting from earth motion, although the earth movement is because of the flood.

The NFIP gives flood coverage to asset proprietors, renters, and organizations, and having this insurance enables them to get better faster whilst floodwaters recede. The NFIP works with communities required to adopt and implement floodplain management regulations that help mitigate flooding effects.

Learn more about Insurance here brainly.com/question/25855858

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7 0
2 years ago
Which of the following tools is an example of monetary policy?
loris [4]

Answer:

Explanation:

B C and D have become tools that have been tried.

Deficit spending is a budget/government policy. Its use should be very limited.

Same with Increased Government Spending. FDR was the master at controlled government spending.

Reducing income taxes is another government policy.

So only A is an example of monetary policy. This is a regulation imposed on the Banks by the Federal Reserve.

4 0
3 years ago
Read 2 more answers
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