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DochEvi [55]
3 years ago
11

Better Buy, Inc. has 7 units in inventory on December 31. The units were purchased in November for $160 each. The price lists fr

om the suppliers indicate that the same items would now cost the company a total of $1,155. What would be the amount reported as Ending Merchandise Inventory on the balance sheet?
Business
1 answer:
ki77a [65]3 years ago
3 0

Answer:

$1,120

Explanation:

Ending Merchandise Inventory is value of closing inventory in hand, to be valued at lower of cost or net realizable value or replacement value

Here, cost of closing inventory = 7 units X $160 each = $1,120

Since current realizable/ replacement value = $1,155

Cost is less than realizable value, therefore cost will be considered.

Thus ending merchandise inventory will be valued at total of $1,120.

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In which type of organizational design do middle managers do the primary information processing and communication function, tell
slega [8]

Answer:

The correct answer is letter "C": Hierarchical.

Explanation:

Hierarchical organizations are bureaucratic entities where the decisions are taken by high-rank executives and the main instructions about how the business should be handled come from managers to employees with less command. Messages, as well, have a top-down flow. Hierarchical companies tend to be slow in their processes because the information must flow between different layers of the entity.

8 0
3 years ago
A company has the following balances on December 31, 2018, after year-end adjustments: Accounts Receivable = $62,500; Allowance
VMariaS [17]

Answer: The net realizable value is the maximum value that can be achieved with the sale of the asset, discounting the costs associated with it.

The net realizable value (NRV) of accounts receivable would be:

NRV = Accounts Receivable - Allowance for Uncollectible Accounts

NRV = $ 62,500 - $ 6,200

NRV = $ 56,300

3 0
3 years ago
Carla Heinz is a portfolio manager for Deutsche Bank. She is considering two alternative investments of EUR10,000,000. Either sh
astraxan [27]

Answer:

The euro return to investing directly in euros is 180 5% 10% 360   = ×  ÷   , so the euros available in 180 days is EUR10,000,000 × 1.05 = EUR10,500,000. Alternatively, the EUR10,000,000 can be converted into Swiss francs at the spot rate of EUR1.1960/CHF. The Swiss francs purchased would equal EUR10,000,000 / EUR1.1960/CHF = CHF8,361,204. This amount of Swiss francs can be invested to provide a 180 4% 8% 360   = ×  ÷   return over the next 180 days. Hence, interest plus principal on the Swiss francs is CHF8,361,204 × 1.04 = CHF8,695,652. If we sell this amount of Swiss francs forward for euros at the 180-day forward rate of EUR1.2024/CHF, we get a euro

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return of CHF8,695,652 ×EUR1.2024/CHF = EUR10,455,652. This is less than the return from investing directly in euros.If these were the actual market prices, you should expect investors to do covered interest arbitrages. Investors would borrow Swiss francs, which would tend to drive the CHF interest rate up; they would sell the Swiss francs for euros in the spot foreign exchange market, which would tend to lower the spot rate of EUR/CHF; they would deposit euros.

Explanation:

6 0
3 years ago
Which of the following is an example of direct labor cost for a cell phone manufacturer? a.salary of plant supervisor b.cost of
insens350 [35]

Answer:

d.cost of wages of assembly worker

Explanation:

The following are not related to cost of producing the cell phone because

a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.

b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.

c.cost of oil lubricants for factory machinery : explanation is the same as in b

d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.

5 0
3 years ago
When companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites.
I am Lyosha [343]

Solution:

Common stock: These are the common shares that a company issues to creditors to raise funds. In return, creditors are entitled to a dividend share of the profits received by the firm.

Par value: It refers to the worth of a share suggested by the charter of the company. Often referred to as a portfolio face value.

Record the sale of common stock in the books of ANIT Corporation.  

Date     Account Titles and Explanation    Debit (S)     Credit (S)

                        Cash (1)                             101,595,000

                 Common Stock (2)                                          7500

   Paid-in Capital in Excess of Par value (3)               101,587,500

(To record safe of .5 million shores of $0.001 par value per share in excess of Par)  

Compute the amount of cash received from common stock issue.  

Cash received = Number of shares issued x Price per share

                        = 7.500,000 shares x $13.546

                        =$101,595,000  

Compute common stock value.  

Common H= 'Number of shares v Par value of common stock stock value  

                  = 7,500,000 shares x SO 001 per share

                  = $7,500  

Compute paid-in capital in excess of par value.  

Paid-in capital in = I (Cash received—excess of par value Common stock value

                           =$101,595.000(1) — S7,5001.2)

                           = $101,587,500  

3 0
3 years ago
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