Answer:
The correct answer is $2,600.
Explanation:
According to the scenario, the given data are as follows:
Selling price = $27
After competition, Selling price = $22
Inventory consist = 130 units
Net realizable value = $20
So, we can calculate the value of this inventory by using following formula:
lower of the cost = $20
So, Value of this inventory = Inventory units × $20
= 130 × $20
= $2,600 units
Answer:
The answer is: the Court should block the application of this city ordinance due to discrimination against businesses with topless female dancers.
Explanation:
The Equal Protection Clause (Section 1 of the Fourteenth Amendment) states the following:
"All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws."
This is commonly known as Equal Justice Under the Law, which means both men and women have to be treated equally by all laws and ordinances in every government level.
In this specific case the city ordinance only regulates businesses with topless female dancers but it doesn´t regulate businesses with topless male dancers. In order for the city ordinance to comply with the Fourteenth Amendment it must regulate all businesses with topless dancers without regards on whether male or female dancers perform on the shows.
Answer:
Conversion Costs per unit = $ $599,123/ 110080= $ 5.442
Explanation:
Conversion costs of $ $599,123
Units % of Completion EUP
D.M C.C D.M C.C
Units completed 106,000 100 100 106,000 106,000
<u>Ending Inventory 13,600 100 30 13,600 4080</u>
T<u>otal Equivalent Units Of Production 119600 110,080</u>
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Conversion Costs per unit = $ $599,123/ 110080= $ 5.442
Another way of finding out is through using the beginning inventory and the units started but as we do not have the % of completion for started units it cannot be computed.
Interest rates and bond prices have an adverse correlation. Bond prices grow during periods of low-interest rates and decline during periods of high-interest rates.
<h3>What is the interest rate?</h3>
The cost of borrowing and the rewards for saving are both indicated by the interest rate. Since there is a premium if the coupon rate is higher than the market rate, the bond's price will be higher. Bond prices will decrease if the coupon rate is lower because there will be a discount.
The price of long-term bonds is more affected by interest rates than the price of short-term bonds. A bond's price varies depending on how long it is.
Learn more about bond prices, here:
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Answer:
Break-even sales in dollar value = $10,667
Explanation:
Since the company's operating income is $0, the company makes no profit and no loss. Therefore, the company's total sales is equal to total expenses. It means the company is in break-even point. However, as the variable expense is not given, we have to use contribution margin ratio to calculate the break-even sales.
We know,
Break-even sales in dollar value = Fixed expenses ÷ Contribution margin ratio
Given,
Contribution margin ratio = 45%
Fixed expenses = $4,800
Putting the values into the above formula, we can get,
Break-even sales in dollar value = $4,800 ÷ 45%
Break-even sales in dollar value = $10,667
