Answer:
(1) $313.95; $313.95
(2) $210.6; $206.70
(3) $97.49; $97.49
Explanation:
Skis:
Net realizable value = selling price - cost to sell - cost to complete
= 413.40 - 37.05 - 62.40
= $313.95
Historical cost = $370.50
LCNRV = lower of historical cost or net realizable value
= $313.95
Boots:
Net realizable value = selling price - cost to sell - cost to complete
= 282.75 - 15.60 - 56.55
= $210.6
Historical cost = $206.70
LCNRV = lower of historical cost or net realizable value
= $206.70
Parkas:
Net realizable value = selling price - cost to sell - cost to complete
= 143.81 - 4.88 - 41.44
= $97.49
Historical cost = $103.35
LCNRV = lower of historical cost or net realizable value
= $97.49
Answer: It is not easily duplicated
Explanation:
Competitive advantage are simply the factors which give a company the edge when compared to its rivals as the company can produce goods or services at a cheaper rate and better than its rivals.
A competitive advantage based on location is often sustainable because it isn't easily duplicated. The main reason here is because different regions comes up with their different weather conditions, resources, market conditions etc. which can't be duplicated.
Nike is the world's largest company in the footwear market and has the biggest market share in the USA.
Explanation:
Nike has a mammoth share of 29% in the global market and has even greater of a monopoly in the USA for footwear markets.
This monopoly comes at the expense of its competitors like Adidas that are relegated to the global second in almost all spots by the Nike market share.
Nike has been worn more throughout history and its smart brand tactics have kept the market in the USA as alive as it was before and with constant demand for the shoes of all ranges.
Answer:
it will take around 15 weeks to for Reiko to make a profit
Explanation:
Given:
Amount spent to obtain merchandise = $5,200
Cost of general expenses = $550
Earnings from sales per week = $900
Now,
Let 'x' be the number of weeks taken to make profit
thus,
Total cost involved = $5,200 + ( $550 × x )
Total profit from sales = $900 × x
for making profit
$900 × x ≥ $5,200 + ( $550 × x )
or
350x ≥ 5,200
or
x ≥ 14.85 weeks
thus,
it will take around 15 weeks to for Reiko to make a profit
Answer:
Kindly check attached picture
Explanation:
Kindly check attached picture for detailed statement using the direct method
