1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semenov [28]
3 years ago
11

Blue Spruce Corp. accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Ne

t Realizable Value Cameras $10,960 $12,060 Camcorders 8,850 9,170 DVDs 12,100 11,040 Compute the lower-of-cost-or-net realizable value for company’s inventory.
Business
1 answer:
Kruka [31]3 years ago
3 0

Answer:

<u>Company's total inventory</u> 30,850

Camaras: 10,960

Camcorders: 8,850

DVDs: 11,040

Explanation:

<u>Camaras: </u>

cost: 10,960

net realizable value: 12,060

<u>Camcorders: </u>

cost: 8,850

net realizable value: 9,170

<u>DVDs: </u>

cost: 12,100

net realizable value: 11,040

<u>Company's total inventory</u>

10,960 + 8,850 + 11,040 = 30,850

We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.

You might be interested in
Which is NOT true regarding differences between goods and​ services? A. Services tend to have higher customer interaction than g
Blababa [14]

Answer:

E. None, i.e., all of the above are true.

Explanation:

A. Services tend to have higher customer interaction than goods.  

B. Most goods are common to many customers; services are often unique to the final customer. C. Services tend to have a more inconsistent product definition than goods.  

D. Tangible goods are generally produced and consumed simultaneously; services are not.

E. None, i.e., all of the above are true.

All of the above are true

7 0
3 years ago
A ________ pays out cash flows from a collection of assets in different tranches, with the highest
goldenfox [79]

A <u>Collateralized debt obligation</u>​ pays out cash flows from a collection of assets in different tranches, with the highest.

A collateralized debt obligation (CDO) is a complex structured finance product that is subsidized through a pool of loans and different property and offered to institutional buyers. A CDO is a specific form of spinoff due to the fact, as its call implies, its value is derived from some other underlying asset.

For example, if the bank of the US loaned you $10,000 at 10% interest for 5 years, your mortgage can be bought by a person else. The patron of the loan will become entitled to the payments you're making on the loan. With numerous of that money owed in the CDO's portfolio, it is able to then use them as assets to underpin their debt issuance.

A Collateralized Debt obligation (CDO) is a synthetic investment product that represents special loans bundled together and sold with the aid of the lender in the market. The holder of the collateralized debt responsibility can, in principle, acquire the borrowed quantity from the authentic borrower at the end of the mortgage length.

Learn more about Collateralized Debt obligations here:  brainly.com/question/24157864

#SPJ4

4 0
2 years ago
Bay City Construction, Inc., a contractor, asks Cool Electric, a subcontractor, to provide certain services. Nothing is said abo
Paraphin [41]

Answer:

C. an implied contract

Explanation:

Based on the scenario being described it can be said that the chief issue is most likely to be whether these parties had​ an implied contract. This type of contract refers to when two parties have an agreement but there is no written contract existing regarding this agreement, instead the law enforces the contract and makes sure that the details are fair to both parties.

7 0
3 years ago
Which strategy would not help reduce the overall environmental impact of msw?
ratelena [41]
<span>Shipping e-waste to developing countries would not help reduce the overall environmental impact of MSW.

E-waste is electronic waste. Waste that is made up of electronic devices such as computers, TV's, cell phones and more. These items can be salvaged, recycled, or disposed. </span>
8 0
4 years ago
National chain stores have found that private brands help differentiate them from their competitors. As the size of retail compa
kari74 [83]

Answer:

The correct answer is Economies of scale.

Explanation:

The economy of scale occurs when a company has the power to manage the situation in production when it presents an optimal level of production, which allows it to produce a larger quantity at a lower cost since, as sustained growth occurs, its unit production costs are directly reduced.

7 0
3 years ago
Other questions:
  • Mama's Pizza Shoppe borrowed $6,000 at 9% interest on May 1, 2021, with principal and interest due on October 31, 2022. The comp
    12·1 answer
  • He schedule below represents the willingness of a typical consumer to pay for wine in a year. Suppose there are 10,000 identical
    10·1 answer
  • The City of South River budget for the fiscal year ended June 30, 2020, included an appropriation for the police department in t
    6·1 answer
  • Headland Corporation owns machinery that cost $20,000 when purchased on July 1, 2007. Depreciation has been recorded at a rate o
    7·1 answer
  • Which of the following statements is true regarding managerial accounting​ information? A. Managerial accounting information is
    11·1 answer
  • You possess a SECRET personnel security clearance and have been assigned to work on Project X. Carlos is your superior and has a
    13·1 answer
  • Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August, the company's records
    15·1 answer
  • Which expense is a direct cost in the product costing of a fabric manufacturer?
    12·1 answer
  • Janeal spends her day looking at the stock and bond markets and evaluating how the portfolios of the businesses she serves will
    11·2 answers
  • Assume that netflix has introduced a new bundle service for their streaming services. Bundle 1 includes a base price of $9 to co
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!