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zhenek [66]
3 years ago
9

On December 31, 2019, Cruise Company has 10,000 units of an inventory item, which cost $40 per unit when purchased on June 15, 2

019. The selling price was $60 per unit. On December 30, 2019, it was determined that the cost to sell is $24 per unit. At what amount should the 10,000 units of inventory be reported at on the December 31, 2019 balance sheet?
Business
1 answer:
Sholpan [36]3 years ago
4 0

Answer:

$360,000

Explanation:

Inventory item = 10,000 units

Cost per unit = $40

Selling price per unit = $60

Inventory should be recorded cost or net realization value which ever is less.

Net realization value = Selling price per unit - cost to sell

                                   = $60 - $24

                                   = $36 per unit

Therefore, the amount should the 10,000 units of inventory be reported at on the December 31, 2019 balance sheet is:

= 10,000 units × $36 per unit

= $360,000

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Answer:

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Such an expert could also vet the gifts that are to be exchanged with people of other cultures for appropriateness as well.

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Cella, a clothing manufacturer, has licenses crux corp to market and sell its products. this is an example of
seraphim [82]
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This is known as the strategic coordination of the supply chain for the purpose of integrating supply and demand management.
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Supply Chain Management is known as the strategic coordination of the supply chain to integrate supply and demand management.

<h3>What is demand management?</h3>
  • A planning technique called demand management is used to predict, organize, and control consumer demand for goods and services.
  • This can happen both at macrolevels in the economy and at microlevels within specific companies.
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7 0
2 years ago
Which of the following statements below lists the rules of entering transactions into the accounting equation?
andrew-mc [135]

Answer:

The correct answer is (D)

Explanation:

There are various rules which help to enter transactions into an accounting equation. Transactions are entered in the accounting equation that consists of all the transactions related to the firm’s cash. The only rule or the golden rule is to enter the transactions into the accounting equation in such a way so that assets always equal the sum of liabilities and equity.

6 0
3 years ago
Beta of common stock = "1.7" Treasury bill rate = 4% Market risk premium = 7.0% Yield to maturity on long-term debt = 7% Book va
Dmitrij [34]

Answer:

10.72%

Explanation:

Firstly, we need to calculate cost of equity using capital pricing model (CAPM):

Cost of equity = Risk-free rate + Beta x Market risk premium

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Weighted average cost of capital = Debt weight in capital structure x Pre-tax cost of debt x (1 - tax rate) + Equity weight in capital structure x Cost of equity

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<em />

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