The incomes of 50 loan applicants are obtained. which level of measurement is income

Cullumber Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at De

Anvisha [2.4K]

Answer:

Cullumber Company

The ending inventory is:

= $4,888.

Explanation:

a) Data and Calculations:

Item Units Unit Cost Net Realizable Value Value of Ending

Cameras: Inventory (LCNRV)

Minolta 3 $172 $152 $456 ($152 * 3)

Canon 9 140 170 1,260 ($140 * 9)

Light meters:

Vivitar 13 130 100 1,300 ($100 * 13)

Kodak 16 117 128 1,872 ($117 * 16)

Total value of Ending Inventory based on LCNRV = $4,888

b) The Lower of cost- or net realizable value method of valuing ending inventory determines the value by choosing the lower value between the cost price of the inventory and the net realizable value. The purpose that is served by using the LCNRV method is that it reflects the decrease of inventory value when it goes below its original cost while at the same time it does not recognize the increased market value when the cost is lower.

4 0

3 years ago

The three variables which affect saving money are:

larisa [96]

It would be B, amount,interest,and time. I hope this helps you!

5 0

3 years ago

The AFN equation assumes that the ratios of assets and liabilities to sales remain constant over time. However, this assumption

Vera_Pavlovna [14]

Answer:

The answer is A True

Explanation:

AFN which is "additional funds needed" is a concept used commonly in business looking to expand operations and influence. Since a business that seeks to increase its sales level will require more assets to meet that stated goal, some provision must be made to accommodate the change in assets. AFN is a way of calculating how much of new funds will be needed, so that the firm can realistically look at whatever or not they will be able to generate the additional funds and therefore be able to achieve the higher sales level.

Economies of scale are cost advantage reaped by companies when production becomes efficient. Firms can achieve economies of scale by increasing production and lowering cost. This does not involve calculating of new funds needed for a realistic expansion of the firm.

Lumpy assets are assets that cannot be acquired in small increments but must be obtained in large, discrete units.

Excess Capacity indicates to a situation in which the demand for a company's goods and services is less than its production capacity. This situation can arise in any firm during the low point in a seasonal industry, where capacity is maintained to match the peak part of the season.

A constant ration can not be meet in this condition of economies of scale, lumpy assets, and excess capacity as these conditions can not be used in raising funds or additional funds that are needed by the industry in its expansion.

8 0

3 years ago

If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable compet

balu736 [363]

Answer:

resources that are valuable, rare, costly to imitate, and non-substitutable

Explanation:

If competitors can copy or match the products and services the firm offers, it will be difficult to develop a sustainable competitive advantage through product excellence. A firm can, however, develop an advantage through product excellence with resources that are valuable, rare, costly to imitate, and non-substitutable

Apart from product excellence, Intangible assets that have no physical presence like Brand reputation, trademarks and intellectual property are all intangible assets unlike physical resources, cannot buy from the market by other competitors. They are developed within a company and constitute the source of sustainable competitive advantage.

In particular, the resources that generate competitive advantage are those that possess the VRIO characteristics,which implies that they are

Valuable, hence there will be no competitive disadvantage

Rare, hence there will be no competitive parity

Imitate, - are costly and difficult to imitate hence they cannot be copied

Organised to Capture Value - which means they are non-substitutable.

4 0

3 years ago

Determine how each scenario impacts the capital stock, including the effect of depreciation, if applicable. a. A salesperson dro

mars1129 [50]

Answer:

the answer is B.)

Explanation:

3 0

3 years ago