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Ber [7]
3 years ago
7

Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% bas

ed on current-period purchases. The company determined that during the current period a new layer was added with retail value of $50,000. The new layer at cost should be_________.
Business
1 answer:
djyliett [7]3 years ago
6 0

Answer:

new layer at cost = $32000

Explanation:

given data

cost-to-retail percentage  

beginning inventory = 60%

current period purchases = $50,000

retail value = $50,000

solution

we get her new layer at cost that should be here as

new layer at cost = retail value × current period purchases    ......................1

put here value ans we will get

new layer at cost = $50,000 × 64%

new layer at cost = $32000

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The theory of _____________________________, developed by Michael Porter, focuses on the importance of country factors such as d
steposvetlana [31]

Answer:

The theory of national comparative advantage

Explanation:

The theory of National comparative advantage developed by Micheal porter,  emphasizes on the importance of country's factors such as domestic demand and domestic rivalry in explaining a nation's dominance in the production and export of particular products.

It focuses on key concepts such as Firm Strategy, Structure and Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting Industries.

Micheal porter opined  that any company’s ability to compete in the international arena is based mainly on these interrelated set of location advantages that certain industries in different nations posses.  

4 0
3 years ago
Read 2 more answers
Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing
Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

Explanation:

Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.

Mark's individual consumer surplus

= Price mark was willing to pay - Price he actually has to pay

= $75 - $65

= $10

4 0
3 years ago
Outside the United States and the United Kingdom, concentrated ownership of the company is more the exception than the rule. dif
rusak2 [61]

Answer:

Diffused ownership of the company is more the exception than the rule.

Explanation:

Outside the United States and the United Kingdom, diffused ownership is more the exception than the rule mostly because the forms of diffuse corporate ownership tend to have an American or British origin, and from the U.S. and the U.K., they expand to other countries with time.

For example, Limited Liability Companies is a type of company with diffused ownership, and has been exported with different names to other countries, becoming more popular with time.

6 0
3 years ago
Advantages of budgeting include ______. Multiple select question. providing benchmarks for evaluating performance forcing manage
eduard

Advantages that can be associated with Budgeting are:

forcing managers to think about and plan for the future

- promoting cooperation and coordination among different areas within the organization

- providing benchmarks for evaluating performance

- providing lead time to solve potential problems.

  • Budgeting can be regarded as a process involving a creation of a plan to spend your money.

  • It helps the manager think about the future in terms of our finance and give a benchmarks for evaluating performance.

Therefore, Budgeting helps in how to spend our money.

Learn more at:

brainly.com/question/18803390?referrer=searchResults

8 0
3 years ago
Which would be added in the Investing Activities section of the Statement of Cash Flows? Select one: a. Proceeds from Condemnati
Charra [1.4K]

Answer:

  • a. Proceeds from Condemnation of Land
  • c. Cash paid for unexpected major equipment repairs

Explanation:

The Cash Flow statement records only activities that affect the cashflow of the company. The Investing Activity section of the Cashflow statement deals with capital goods (PPE) and investments in other company securities.

The proceeds from land condemnation will go to the Investing activities section as it has to do with capital goods and the cash paid for unexpected major equipment repairs will see the equipment being used in the long term so it goes to Investing as well.

7 0
3 years ago
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