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
Ainat [17]
4 years ago
6

Consider the following information.

Business
1 answer:
katen-ka-za [31]4 years ago
5 0

Answer:

$63,120

Explanation:

Beginning inventory layer at base year retail:

= Beginning inventory at retail ÷ Year end cost index

= $ 120,000 ÷ 1.00

= 120,000

Current inventory layer at base year retail:

= Ending inventory at retail ÷ Year end cost index

= $ 168,000 ÷ 1.12

= 150,000

Estimate of ending inventory:

= Base + Current

= (inventory at base year retail × Cost percentage × Year end cost index) + (inventory at base year retail × Cost percentage × Year end cost index)

= ( 120,000 × 40% × 1.00) + (30,000 × 45% × 1.12)

= $48,000 + $15,120

= $63,120

You might be interested in
The Company is experiencing an increase in competition, and at the same time they are building more production facilities in Sou
USPshnik [31]

The Company is experiencing an increase in competition, and at the same time they are building more production facilities in Southeast Asia. In this scenario, the top management team is most likely to  (a)<u> </u><u>give lower-level managers the authority to make decisions to benefit the firm.</u>

Explanation:

From the given options the firm cannot pull decision-making responsibility from low-level management, taking it on themselves because we can see that the company is experiencing an increase in competition  and it is also expanding its production facility so the upper management does not have time to involve at smaller decisions as there are many big decision to be taken.

So the company decides to give lower-level managers the authority to make decisions to benefit the firm.

4 0
3 years ago
Which of the following is the correct minimum coverage that you must have for Property Damage Liability?
In-s [12.5K]
Property damage liablity is a type of coverage that incurred if you damage other people's vehicle.The amount of minimum coverage that you must have for property damage liablity (PDL) would be differ depending on which state where you lived in.
But on average, the amount of minimum coverage is around  $10,000. 
3 0
4 years ago
Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has sem
wlad13 [49]

Answer:

a. 4.89%

b. 5.23%

Explanation:

We use the rate formula which is shown in the attached spreadsheet

Given that,  

Present value = $2,000 × 108.96% = $2,179.20

Future value or Face value = $2,000  

PMT = $2,000 × 5.7% ÷ 2 = $57

NPER = 16 years × 2 = 32 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

a. The yield to maturity of the bond is 4.89%

b. The current yield would be

= 57 × 2 ÷ $2,179.20

= 5.23%

4 0
3 years ago
(Last word) which market structure best characterizes the various internet markets?
Bess [88]
The answer to the given question above is option A. Differentiated oligopoly is the market structure that best describes different internet markets. When we say differentiated oligopoly, this is when different markets produce the same product but make a slight difference in order to differ their prices. Hope this helps.
6 0
3 years ago
_____ describes the practice of products and services traded among countries around the world.
zavuch27 [327]
Global trade, it means the trade-business of goods and services across the world. which help countries to find products of best quality as well as price. For instance, mostly countries get products from china because they have good manpower and there prices are reasonable. it also known as import and export businesses.
7 0
3 years ago
Other questions:
  • A stock has a market price of $46.10 and pays a $2.40 annual dividend. what is the dividend yield? 4.13 percent 4.84 percent 5.2
    11·1 answer
  • Q2: In the expenditure cycle, the majority of payments made are by check. What are some
    15·1 answer
  • One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per
    13·1 answer
  • Exercise 8-14 Inventory cost flow methods; perpetual system [LO8-1, 8-4] Altira Corporation uses a perpetual inventory system. T
    5·1 answer
  • "Problems and Applications Q2
    10·1 answer
  • Answer the following question using the information below:
    10·1 answer
  • Research suggests that many expatriate employees encounter problems that limit both their effectiveness in a foreign posting and
    10·1 answer
  • How do you know what put in the balance sheet ???? I don't understand!!!!!
    12·1 answer
  • A firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 f
    13·1 answer
  • What is the loss on disposal of a plant asset that cost $100,000, had accumulated depreciation of $24,000, and was sold for $60,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!