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Fofino [41]
3 years ago
14

In January, Stitch, Inc. adopted the dollar-value LIFO method of inventory valuation. At adoption, inventory was valued at $50,0

00. During the year, inventory increased $30,000 using base-year prices, and prices increased 10%. The designated market value of Stitch's inventory exceeded its cost at year-end. What amount of inventory should Stitch report in its year-end balance sheet?
A. $80,000
B. $83,000
C. $85,000
D. $88,000
Business
1 answer:
Dennis_Churaev [7]3 years ago
5 0

Answer:

B. $83,000

Explanation:

Inventory value at adoption = $50,000

Increase in inventory using base year price = $30,000

Current year Price increase = 10%

Increase price = $30,000 + ( $30,000 x 10% )

Increased price inventory = $30,000 + $3,000

Increased price inventory = $33,000

Amount of Inventory reported on balance = Inventory value at adoption + Increase price Inventory

Amount of Inventory to be reported on balance = $50,000 + $33,000

Amount of Inventory to be reported on balance = $83,000

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wlad13 [49]

Answer:

Exclusive distribution; Selective distribution; Intensive distribution

Explanation:

Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.

Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.

Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.

4 0
3 years ago
Sabemos que os problemas enfrentados pelas empresas podem ser vários e em várias circunstâncias. Por essa razão, as empresas são
dangina [55]

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Explanation:

Today, technology is part of our lives in every aspect of our daily lives, that is why it is also and should be a fundamental aspect for companies. Business technology covers many areas and is present in every department of companies regardless of their category or function.

Therefore, for an organizational development plan to be well-founded, it must take into account the use of technology and technological updates.

<em>I hope this information can help you.</em>

6 0
3 years ago
A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

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C. Product line extension.

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If you had invested $100 in 1972 in the 500 stocks of the s&amp;p500 index, how much would you have had in 2018?.
ANEK [815]

If you had invested $100 in 1972 in the 500 stocks of the s&p500 index $1,612

<h3>What is stocks ?</h3>

A stock is a type of investment that represents ownership in a portion of the issuing company and is commonly referred to as equity. Owners of shares, often referred to as units of stock, are entitled to a portion of the company's assets and earnings in proportion to the number of shares they own.

The majority of private investors base their portfolios on equities, which are often bought and sold on stock exchanges. Stock trades must adhere to government regulations intended to protect investors from deceptive practices.

A sort of instrument known as a stock, which is commonly exchanged on stock exchanges, represents the holder's ownership interest in the issuing company.

Corporations issue stock as a means of raising capital to fund their operations.

Common are the two main stock classifications.

The two primary stock categories are common and preferred.

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4 0
1 year ago
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