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
is the organization providing a charitable or public service? if so, what is it? will the company still have profit to motive?
deff fn [24]
Here is the answer to your question
Hope it helps!

4 0
3 years ago
A clothing store sells T-shirts, t, for $8 a shirt and shorts, s, for $12 each. The
Crazy boy [7]

Answer:

B. 8t + 12s = 216; t = 3s

Explanation:

t-shirts = $8 each

shorts = $12 each

$216 total

t-shirts sold = 3 x shorts

7 0
3 years ago
Read 2 more answers
Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be m
evablogger [386]

Answer:

The correct answer is: market testing.

Explanation:

A market test, also known as an experimentation technique, is a research technique that consists in trying to know directly the response of people to a product, service, idea, advertising, etc., in order to obtain certain information necessary for a investigation.

Generally, a market test is carried out before the launch of a new product, in order to evaluate its acceptance or reception, and thus reduce the risk of introducing the new product to the market and that it does not have sufficient demand.

When carrying out the market test, the acceptance, reception, printing, reaction or behavior of the public before the new product is known and, based on the results, to determine if the launch of the new product is feasible, if it is necessary to make some changes before its launch, or if the launch is definitely not feasible.

7 0
3 years ago
Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call pr
Whitepunk [10]

Answer:

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call premium of 2.500%. August 11, 2023 the prevailing yield is 5.250%. If Huron Investments calls the entire issue and replaces it with 5.250% bonds also maturing August 11, 2028 then each semi-annual coupon payment will decrease by <u>$125,000</u>

Explanation:

Change in semi-annual coupon = (13% - 6.75%) x 4m / 2 = $125,000

6 0
3 years ago
An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross
zhannawk [14.2K]

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

8 0
3 years ago
Other questions:
  • Walters manufactures a specialty food product that can currently be sold for $21.20 per unit and has 19,200 units on hand. Alter
    10·1 answer
  • Lightning Cycles, Inc., makes Lightning-brand motorcycles and accessories, which are distributed to authorized dealers, includin
    7·1 answer
  • Why might you complete a 1040 instead of a 1040ez? everfi?
    13·2 answers
  • The ideal, initial step leading to implementation of an effective employee communications program should begin with
    7·1 answer
  • How do you know when a spreadsheet object is active in a PowerPoint presentation?
    7·1 answer
  • On December 31, 2018, Ava Company had an ending balance of $8,063 in its accounts receivable account and an unadjusted (current)
    10·2 answers
  • Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi
    5·1 answer
  • Briefly explain 3 arguments for and 3 against a national minimum wage.​
    9·1 answer
  • Match each of the following accounts to its proper balance sheet classification.
    8·1 answer
  • Agatha was a licensed loan originator when the housing market slowdown left her with little work. She accepted a job outside the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!