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3 years ago

Of these types of businesses, which one requires the most drive and motivation?

1 answer:

6 0

B, because it is a new business so it's going to have to work harder then any other business in order to gets it's name out there.

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Rowan Company has four different categories of inventory. The quantity, cost, and market value for each of the inventory categor

luda_lava [24]

Answer:

The correct answer is that the valuation would decrease total assets and stockholders’ equity by $101.00

Explanation:

Item Cost Market price Impact

Quantity

1 220 $ 4.40 $ 4.60 no impact as cost is lower

2 130 $ 6.20 $ 6.00 ($6.20-$6.00)* 130=$26

3 100 $ 10.00 $ 9.25 ($10-$9.25)*100 =$75

4 25 $ 20.50 $ 25.00 No impact as cost is lower

The total reduction in the value of inventory as a result of adopting the lower of cost or market price valuation is $101 ($75+$26),hence decreases total assets by $101 and the stockholders' equity(retained earnings which is a component of stockholders' equity ) by the same amount

3 0

3 years ago

Read 2 more answers

For smaller income-producing properties, appraisers may use the ratio of a property's selling price to its effective gross incom

Wittaler [7]

Answer:

The correct answer is gross income multiplier.

Explanation:

Gross income multiplier is the figure used as a multiplier of the annual gross income of a property to produce an estimate of the value of the property. Number used to estimate the Value of a Property. Gross property income is multiplied by this figure.

7 0

3 years ago

Blue Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Mi

Alisiya [41]

The estimate of the inventory amounts before the fire is as follows:

Total Inventory $232,845

Lumber $159,200

Millwork $54,270

Hardware $19,375

Data and Calculations:

Lumber Millwork Hard & Fittings

Gross Markup (%) 25% 30% 40%

Gross Margin (%) 20% 23.1% 28.6%

= (25%/125%) (30%/130%) (40%/140%)

Inventory, Jan. 1 $265,900 $93,470 $45,600

Purchases 1,544,900 375,100 160,300

Goods available $1,810,800 $468,570 $205,900

Cost of goods sold 1,651,600 414,300 186,525

Ending inventory $159,200 $54,270 $19,375 $232,845

<u>Estimating the Cost of Goods Sold:</u>

Sales to Aug. 18 2,064,500 538,590 261,240

Gross profit 412,900 124,290 74,715

Cost of goods sold 1,651,600 414,300 186,525

Gross profit = Sales x Gross margin

Cost of goods sold = Sales - Gross profit or Sales x (1 - gross margin)

Learn more: brainly.com/question/16752466

6 0

3 years ago

Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to ex

Goryan [66]

Answer:

Cultural Relativism

Explanation:

Cultural relativism basically implies that other people's values, norms and morals should be understood and respected, rather than judged, usually from the viewpoint of another culture, as the saying goes when in Rome, act like the Romans.

Therefore, Three Torque Inc. has demonstrated Cultural Relativism in deciding to respect the ethics of countries that prohibit facilitating payments.

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4 years ago

What is the difference between a nominal value and a real value?a. A nominal value is measured in monetary units adjusted for in

Allushta [10]

Answer:

In economics, nominal value refers to the current monetary value and does not adjust for the effects of inflation

Explanation:

6 0

3 years ago