The lowest tier of the federal court system is the:

Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota

balu736 [363]

Answer:

Tatum Company

1. The carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to individual products is:

= $ 303,000

2. Adjusting Journal Entry:

Debit Cost of Goods Good $38,000

Credit Inventory $38,000

To write-down the value of ending inventory.

Explanation:

a) Data and Calculations:

Product Total Cost Total Net Realizable Value LCNRV

101 $ 136,000 $ 108,000 $ 108,000

102 99,000 118,000 99,000

103 68,000 58,000 58,000

104 38,000 58,000 38,000

Total $ 341,000 $ 342,000 $ 303,000

Write-down:

Cost of inventory = $341,000

LCNRV of inventory 303,000

Inventory write-down $38,000

8 0

3 years ago

A(n) _____ organization is characterized by a relatively low degree of job specialization, loose departmentalization, few levels

lbvjy [14]

Answer:

organic

Explanation:

Based on the information provided within the question it can be said that the type of organization that is being described is called an organic organization. This is a type of organization that is extremely flexible, thus allowing it to easily adapt to changes in it's environment. Such aspects as the ones described in the question allow an organization to become flexible.

3 0

3 years ago

Read 2 more answers

By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods

Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

Quotas limits placed on the quantity of goods leaving a country.

Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

5 0

3 years ago

Suppose you inherit an apartment building from your uncle. You anticipate making some income from the rent on

alexira [117]

Answer:

Would you cut back on making repairs and keeping the building in a safe and

livable condition?

No, I would maintain the building as good as posible.

How might you keep the building in good shape and still turn a profit?

the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.

Is it possible to manage the building or change it to make it both livable and profitable?

yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.

5 0

4 years ago

The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. Th

Anarel [89]

Answer:

Advertising Campaigns form part of Indirect Costs in an Income Statement.

It could be described as Marketing Costs, Adverts Costs or Adverts and promotion Costs. They all represent the same thing.

Advert costs are initiated to boost or build the equity of a brand, thus making it resonate freely in the minds of Consumers to enhance repeat purchases from them.

1. Implementation of Advert in the Medical Market

Changes to company's Profit $43,400

2. Implementation of Advert in the Dental Market

Changes to company's Profit $36,400

3 Advertising in the Medical Market yields a better profit. i would recommend advertising in the Medical Market

Explanation:

1. Implementation of Advert in the Medical Market

Increased Sales projections $49,000

Less Advert Costs -$5,600

Changes to company's Profit $43,400

2. Implementation of Advert in the Dental Market

Increased Sales projections $42,000

Less Advert Costs -$5,600

Changes to company's Profit $36,400

3. Going by the changes in Company Profit

The advertisement in the Medical Market yields a better profit. i would recommend advertising in the Medical Market

7 0

3 years ago