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Inessa [10]
3 years ago
8

Lexington Company sells product 1976NLC for $50 per unit. The cost of one unit of 1976NLC is $45, and the replacement cost is $4

3. The estimated cost to dispose of a unit is $10, and the normal profit is 40%.
At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?
a. $20.
b. $40.
c. $43.
d. $45.
Business
1 answer:
aleksklad [387]3 years ago
6 0

Answer:

b. $40.

Explanation:

We select the lower of each of the following for reporting purposes.

Cost = $45

Replacement cost = $43

Neat realizable value = Selling price - disposal and completion costs

NRV = 50 - 10 = $40

We use lower of the values to take into account obsolete inventory or deterioration of inventory and as such the lowest of NRV is used for recording purposes.

Hope that helps.

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If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
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Answer:

NPV= 1,036.16

Explanation:

Giving the following information:

Initial investment= $9,000

Cash flows= $2,700 at the end of each of the next four years.

Interest rate= 3%

To calculate the net present value (NPV), we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 2,700/1.03= 2,621.36

Cf2= 2,700/1.03^2= 2,545

Cf3= 2,700/1.03^3= 2,470.88

Cf4= 2,700/1.03^4= 2,398.92

Total= 10,036.16

NPV= -9,000 + 10,036.16

NPV= 1,036.16

3 0
3 years ago
Public Relations is: a) The most persuasive promotional tool b) Easy to measure the effectiveness of c) The media's portrayal of
goldenfox [79]

Answer: Public Relations is d) Any activity designed to create and maintain goodwill toward an organization.

Explanation:

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Public Relations helps firms to earn a good reputation and a good image among the common public by maintaining strong relations with all the firms. The strategy of public relations considered as the vital component to display the useful information of the firms to the public.

5 0
3 years ago
Which term describes what a manufacturer spends for goods or services?
Hoochie [10]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Cost is a <span>term describes what a manufacturer spends for goods or services.

</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
4 0
4 years ago
Read 2 more answers
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tensa zangetsu [6.8K]

Answer:

Kazakhstan

Explanation:

Kazakhstan is a country which comes under the upper-middle economy in the world. Their living standard is beyond any other neighbouring countries because it has managed to export a wide array of goods including tobacco.  Over the years, Kazakhstan has suffered major human rights issues, but still managed to grow its economy at a reasonable rate.

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3 years ago
In the context of interpersonal communication styles, _____ involves expressing feelings and needs directly and honestly without
Nikolay [14]

In the context of interpersonal communication styles, <u>assertive behavior </u>involves expressing feelings and needs directly and honestly without violating the rights of others.

<h3>What is assertive behavior?</h3>

Assertive behavior  can be defined as the way in which  people express their opinion as well as the way they feels about a situation without going against the right of others or without hurting the feelings of others.

A person with assertive behavior personality will tend to often avoid hurting the feeling of people when communicating with them.

Therefore In the context of interpersonal communication styles, <u>assertive behavior </u>involves expressing feelings and needs directly and honestly without violating the rights of others.

Learn more about assertive behavior here:brainly.com/question/1903186

#SPJ1

3 0
2 years ago
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