1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRISSAK [1]
3 years ago
11

Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. Aprofit margin of

30% on selling price is considred normal for each product. Specific data with respect to each product follows:
Product 1 Product 2


Historical cost 20.00 35.00


Replacement cost 22.50 27.00


Estimated cost to dispose 5.00 13.00


Estimated selling price 40.00 65.00

In pricing its ending inventory using the lower of cost or market, waht units values should Oslo use for products #1 and # respectively?
Business
1 answer:
Fantom [35]3 years ago
7 0

Answer:

$20.00 and $32.50

Explanation:

The computation of the ending inventory using the lower of cost or market value which is shown below

For Product 1

Given that

Replacement Cost = $22.50

Net Realizable Value is

= Estimated selling price - Estimated cost to dispose

= $40 - $5

= $35

So, the market value is

= Net Realizable Value - Profit Margin

= $35 - (0.30 × $40)

= $23

As we can see that the cost is $20 and the market value is $23 so the lower value is $20 and the same should be selected

For Product 2

Given that

Replacement Cost = $27

Net Realizable Value is

= Estimated selling price - Estimated cost to dispose

= $65 - $13

= $52

So, the market value is

= Net Realizable Value - Profit Margin

= $52 - (0.30 × $65)

= $32.50

As we can see that the cost is $35 and the market value is $32.5 so the lower value is $32.5 and the same should be selected

You might be interested in
How does Google Display Ads help advertisers meet their marketing objectives and drive results? a. By helping advertisers delive
Reptile [31]

Answer:

a. By helping advertisers deliver relevant advertising as people browse the web

Explanation:

Based on the data collected from people on your likes and dislikes, the consumers are linked with ads that is thought to be favourable to them and hopefully more favourable to the advertiser.

8 0
3 years ago
strategies are incentives a manfacturer offers to its distribution partners such as dealers, wholesalers, retailers, and the lik
elena55 [62]

Push Marketing strategies are motivations a manufacturer offers to its distribution members such as dealers, wholesalers, retailers, and the like to sell outcomes to the end-users.

<h3>What is push marketing?</h3>

A Push Marketing Strategy also called a push promotional strategy, where companies attempt to take their products to the consumers. In a Push marketing strategy, the objective is to use various marketing techniques or channels to 'Push' their yields to be noticed by the consumers starting at the point of purchase. Push marketing, or outbound marketing, can lead to shorter sales and is powered by what you push out to your audience through your marketing

To learn more about the Push Marketing Strategy visit the link

brainly.com/question/24864139

#SPJ4

8 0
2 years ago
The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and endi
Gekata [30.6K]

Answer:

Blue Flower Company

Current Ratio = Current Assets/Current Liabilities

= $100,000/$60,000

= 1.67 : 1

This ratio implies that Blue Flower Company can pay its current or short-term liabilities 1.67 times, using its current assets, made up of cash, receivables, and inventory, including short-term investments.

Explanation:

a) Data and Calculation:

Cash and short-term investments $45,000

Accounts receivable (net)                 30,000

Inventory                                           25,000

Total current assets                      $100,000

Current liabilities = $60,000

b) Blue Flower's Current Ratio is a financial measure of the company's ability to settle maturing current liabilities (obligations) with its current assets without resorting to sale of long-term assets.

6 0
3 years ago
There are vast differences in local market needs in the consumer soft drink business around the world. TwinFold Media, a Canadia
nordsb [41]

Answer: c. it tends to reduce cultural myopia and enhance local responsiveness.

Explanation:

A Geocentric staffing approach means that a company picks those that it views as the most suitable for a job regardless of the country they are from. This means that although the company is in Canada, they can hire a person from Sudan if they feel the person is suitable for the job in question.

The main advantage of this is that it reduces cultural myopia which is the tendency to belief that a person's culture i.e western culture, works across the globe. For instance, going back to the earlier example, a person from Sudan would most likely know more about norms in Sudan than a person from Canada.

This would ensure that the people hired, can respond effectively due to this reduction in cultural myopia.

3 0
3 years ago
State the importance of agricultural experts​
WARRIOR [948]

Answer:

Agriculture is the main source of national income for most developing countries. However, for the developed countries, agriculture contributes a smaller per cent age to their national income. Agricultural sector provides fodder for domestic animals. Cow provides people with milk which is a form of protective food.

8 0
3 years ago
Other questions:
  • Over the past few decades, income inequality in the United States, measured by the relative shares of total income earned by the
    7·1 answer
  • Suppose flowering plants generate a positive externality in consumption, if so then
    9·1 answer
  • If your poll is to accurately reflect public views, your survey respondents must reflect the
    15·1 answer
  • Regarding sales, someone who has an expertise in a given area or subject, is passionate about the subject, and wants to share th
    10·1 answer
  • Macrosoft Company reports net income of $62,000. The accounting records reveal depreciation expense of $77,000 as well as increa
    11·1 answer
  • A test is scheduled for Monday morning, but you went to a party on Saturday night. If you hadn't attended the party, you could h
    6·1 answer
  • Savings Mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of Populationv
    11·1 answer
  • A fire destroyed a large percentage of the financial records of Carter Health System. You have the task of piecing together info
    9·1 answer
  • Which of the following statements describes the typical effect of creating a large number of refined activity cost pools for a g
    12·1 answer
  • A marketing research agency conducted a study to determine the reasons for the decreased sales of a line of fishing equipment at
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!