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
Nikolay [14]
4 years ago
11

Taylor Music Center has 5 CD players on hand at the balance sheet date. Each costs $400. The current replacement cost is $380 pe

r unit. Under the lower-of-cost-or-market basis of accounting for inventories, what value should be reported for the CD players on the balance sheet?
Business
1 answer:
babymother [125]4 years ago
8 0

The correct answer is $380 per unit.

The lower-of-cost-or market rule requires that you report the lower value of either the purchase price or current market price of items in inventory. In this case the current market price is lower, so it should be used when calculating the value of inventory.

You might be interested in
A _____ is something that has been learned.
vfiekz [6]
Hello,

A fact is something that has been learned.

I think, Im not 100% sure!
6 0
3 years ago
Read 2 more answers
A politician is interested in the proportion of voters in his district who think he is doing a good job.
MaRussiya [10]

A politician should be interested in the proportion of voters in his district.

The answer is true.

Explanation:

This is not only true for politician but also for any job which involves voting.

A person / leader will be recognized, if he

  • look into the welfare of the society
  • takes measure when problem occurs
  • is easily accessible to the public
  • lend his ears to the problems
  • provides an unbiased approach
  • he is interested in doing service
  • obeys laws

But it does not mean that, the person who got victory in the election has done good job in the previous service period. There are many factors that decide the polling of vote.

3 0
4 years ago
The number of births in a population in a certain amount of time is the
amid [387]
The number of births in a population in a certain amount of time is the birth rate
8 0
3 years ago
Read 2 more answers
What is a bond bubble and how did it help inflate the stock market?
victus00 [196]
The daily chart for the Dow shows how fast the stock market can decline when the 'inflating parabolic bubble' pops.
6 0
3 years ago
Suppose that the price of corn is above its equilibrium price. You would expect to see:________.
alisha [4.7K]

Answer:

D

Explanation:

If the price of corn is above its equilibrium price, corn becomes more expensive to consumers. As a result, they reduce the quantity demanded of corn. there would be a movement along the demand curve for corn and not a shift of the demand curve.

Quantity supplied would also increase as a result of the high price. The fall in quantity demanded coupled with the rise in quantity supplied would lead to a surplus. Due to the surplus, sellers would reduce price until price falls to equilibrium price

5 0
3 years ago
Other questions:
  • On January 1, 2018, Brian Company purchased at par $831,000, 6 percent bonds issued by Laura Company to be held as available-for
    7·1 answer
  • In the context of dollar-value LIFO, what is a LIFO layer?
    9·1 answer
  • Have opened up new horizons for proactive and reactive investigations of consumer fraud because an investigator can begin develo
    6·2 answers
  • Which of the following is not a typical discounting method for manufacturers? O Seasonal sales O Volume discounts O Credit terms
    8·1 answer
  • Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus
    6·1 answer
  • The spouse of a brokerage firm employee wants to open a brokerage account so that he can trade individual stocks. If the account
    10·1 answer
  • The business was started when Nimmo Corp.
    12·1 answer
  • Beginning inventory Merchandise $302,000 Finished goods $604,000 Cost of purchases 420,000 Cost of goods manufactured 760,000 En
    14·1 answer
  • Suppose the Digby company expands to other markets with good designs, high awareness and easy accessibility, what strategy would
    8·1 answer
  • Which investment option has the highest risk ?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!