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tiny-mole [99]
3 years ago
14

A company's normal selling price for its product is $20 per unit. however, due to market competition, the selling price has fall

en to $15 per unit. this company's current inventory consists of 200 units purchased at $16 per unit. replacement cost has fallen to $13 per unit. calculate the value of this company's inventory at the lower of cost or market.
Business
1 answer:
Sedaia [141]3 years ago
7 0
<span>You are given a company's normal selling price for its product that is $20 per unit. Also, due to market competition, you are given the selling price that has fallen to $15 per unit. You are also given the company's current inventory that consists of 200 units purchased at $16 per unit. Also, you are given the replacement cost that has fallen to $13 per unit. You are asked to calculate the value of this company's inventory at the lower of cost or market.

You are not going to use the company;s selling price nor the price when the product is falling, but you are going to use the replacement cost because the company has to take measurable accounts regarding of the downrate of their prices. And so,

</span><span>200 units multiplied by $16 per unit = $2,600</span>
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If this is the complete question,
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15. Snowland and Pledza are neighboring countries. Pledza imports more products than it exports. Over the last decade, Pledza im
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Answer:

trade deficit

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The following table reports real income per person for several different economies in the years 1960 and 2010. It also gives eac
icang [17]

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Thailand

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Ireland, Pakistan and Thailand had lower real income per person than Finland in 1960 but only Ireland had higher real income per person than Finland in 2010.

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If the interest rates of loans are high, capital demand will be reduced but in the event that interest rates are low, capital demand is high or increases.

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