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Varvara68 [4.7K]
3 years ago
13

Iris Company has provided the following information regarding two of its items of inventory at year-end: There are 160 units of

Item A, having a cost of $18 per unit, a selling price of $22 and a cost to sell of $6 per unit. There are 110 units of Item B, having a cost of $48 per unit, a selling price of $54 and a cost to sell of $4 per unit. How much is the ending inventory using lower of cost or net realizable value
Business
1 answer:
maw [93]3 years ago
6 0

Answer:

$7,840

Explanation:

The inventory of Items A and B should be valued at the lower of cost and the net realizable value.

The cost is the invoice price at time of purchase ,while the net realizable value is the selling price less to sell

Products              Cost          Selling price cost to sell NRV    unit value

   A                         $18               $22                $6     $16             $16

   B                          $48              $54                $4    $50             $48

Item A is valued at $16 each i.e $16*160=$2,560

Item B is valued at $48 each i.e $48*110=$5,280

total value of inventory                             =$7,840

The ending inventory valued at the lower of cost or net realizable value is worth $7,840

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How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,
Zielflug [23.3K]

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

F= P(1+r)^{n}

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

F = 100(1 + 0.05)^{75}

F = 100(1.05)^{75}

F = 100  X  38.8327

F = 3,883.27

therefore the amount after 75 years will be $3,883.27

5 0
3 years ago
Khái niệm giao tiếp trong tổ chức
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Answer:

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6 0
3 years ago
Wendy leaves her job as a dancer to start her own dance studio. As a dancer, she made $34,000 per year. During the studio's firs
brilliants [131]

Answer:

$8,884

Explanation:

The computation of the economic profit is shown below:

= Received amount - dance earnings - insurance paid - music and licensing fees - boom box - rent and utilities

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The economic profit is come from subtracting the explicit cost, implicit cost from the revenue earned and the same is reflected above

4 0
4 years ago
Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
Levart [38]

Answer:

b. Decrease his inputs

Explanation:

The Equity Theory explains the influence that the perception of fair treatment has on the motivation of individuals. Or, from another point of view, in its demotivation.

People tend to compare ourselves to others. With other people's situations, inside and outside work. Thus, we form a perception about what is fair or unfair.

If the result of the comparison is understood as fair, people are more likely to feel motivated. On the contrary, when they perceive that they are treated unfairly, tension and demotivation appear.

In short, when compared to others, people want to be treated fairly for their contributions to the organization. And beliefs regarding what is fair and unfair can affect their motivation, attitudes and, therefore, their behaviors at work.

6 0
3 years ago
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Jet001 [13]

Answer:

Answer is in table which is attached in the attachment. Please refer to the attachment.

Explanation:

<em>Calculations:</em>

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(b) Since the loss is less in Advertising even after $300 cost of advertisement, so we would choose the option 3 for advertising.

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8 0
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