Answer:
$9,280
Explanation:
The computation of the inventory amount reported in the balance sheet is shown below:
(A) (B) (A × B)
<u>Particulars Quantity Cost per item NRV Lower of Reported</u>
<u> Cost or Market Amount</u>
Item A 80 $87 $102 $87 $6,980
Item B 40 $82 $57 $57 $2,280
Total $9,280
Answer:
" values are ideas that underlie conversations about business ethics " is the answer
Answer:
The statement is: True.
Explanation:
Every time a company decides to open up businesses abroad, the must make a study in which the possibilities of success in the new region are highlighted. <em>Consumer behavior </em>and <em>buying patterns</em> are two of the main factors they have to consider as well as the <em>performance of the overall economy</em> of the country in the past years.
Answer:
Total cash collection May= $60,000
Explanation:
Giving the following information:
Cash collection:
30% are collected in the month of sale
60% are collected in the first month after sale
10% are collected in the second month after sale.
Sales:
April= $60,000
May= $80,000
<u>We need to calculate the cash collection for May:</u>
Cash collection:
Sales in cash May= (80,000*0.3)= 24,000
Sales in account from April= (60,000*0.6)= 36,000
Total cash collection May= $60,000
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