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Valentin [98]
3 years ago
5

Merle Industries had been selling its product for $40 per unit, but recently lowered the selling price to $30 per unit. The comp

any's current inventory consists of 200 units purchased at $32 per unit. The market value of this inventory is currently $26 per unit. At what amount should the company's inventory be reported on the balance sheet?
Business
1 answer:
Marta_Voda [28]3 years ago
8 0

Answer:

$5,200

Explanation:

The amount which is to be reported in the balance sheet is computed as:

Amount = Inventory × Current market value

where

As the presently the market price is $26. So, this amount will be considered while computing the inventory of the company.

Inventory is 200 units

Current market value is $26 per unit

Putting the values above:

Amount = 200 units × $26 per unit

Amount = $5,200

Therefore, $5,200 amount will be recorded in the balance sheet for the inventory amount.

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Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.

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Which of the following is a way to increase possession utility for a refrigerator?
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Suppose apples come in two quality​ levels, low quality and high quality. At a store in the​ apple-growing region, the price of​
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Answer:

Yes.

Explanation:

Given that,

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(Marginal utility of low quality apples ÷ Price per apple) = (Marginal utility of high quality apples ÷ Price per apples)

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5 0
3 years ago
"The Internet of everything (IOE) has created a lot of excitement in the business community. What evidence could you present to
joja [24]

Answer:

Yes, the Internet of everything (IOE) has created a lot of excitement in the business community.

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Example

The example is Telecom Industry.

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6 0
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The marginal utility curve is: A) upsloping because of increasing marginal opportunity costs. B) upsloping because successive un
kotykmax [81]

Answer:

D) downsloping because successive units of a specific product yield less and less extra utility.

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8 0
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