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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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A
Andrej [43]

Answer:

not ure what the answer is jio;

Explanation:

7 0
1 year ago
A large hospital has an annual demand for 70.000 booklets on healthy eating. It cost ​$.75 to store one booklet for a​ year, and
Goryan [66]

Answer:

It will order 3,865 booklets

Explanation:

We need to use the formula for Economic Optimal Quantity

Q_{opt} = \sqrt{\frac{2DS}{H}}

Where:

D = annual demand

S= supply cost = ordering cost

H= Holding Cost

Q_{opt} = \sqrt{\frac{2*70,000*80}{.75}}

Q_{opt} =3,864.37

It will order 3,865 booklets

<u>How to Remember:</u>

Demand per year and order cost goes in the dividend.

Holding cost goes in the divisor.

6 0
3 years ago
Oil refinery and sugar mill are classified under which industries?
kvasek [131]

Answer:

Secondary industries

Explanation:

They are secodary indstries because their raw materials.

3 0
3 years ago
Country a has a growth rate of 4.7​% per year. the population is currently 4 comma 671​,000, and the land area of country a is 1
Sauron [17]

For this case we have a function of the form:

y = A * (b) ^ x

Where,

A: initial population

b: growth rate

x: time in years

Substituting values we have:

y = (4,671,000) * (1,047) ^ x

By the time there is one person for each square yard of land we have:

10,000,000,000 = (4,671,000) * (1,047) ^ x

From here, we clear x.

We have then:

(1,047) ^ x = (10000000000) / (4671000)\\(1,047) ^ x = 2140.9\\log1.047 ((1.047) ^ x) = log1.047 (2140.9)\\x = 167 years

Answer:

There will be one person for every square yard of land after:

x = 167 years

7 0
3 years ago
The two major benefits that arise from the market system's restriction of business risk to owners and investors are:________
lutik1710 [3]

The key advantage of risk management for those involved is that it makes it possible for the project to run smoothly. The possibility of achieving desired results is raised, decision-making is facilitated, and responsibility is distributed to risk owners.

Greater emphasis on regulatory outcomes, resources, and actions across the entire organization. Greater adaptability to changing circumstances increased transparency through accountability and transparent results.

Risk stakeholders are the individuals who are (or believe they are) impacted by a choice, course of action, tactic, or procedure. A stakeholder may change at any point during the process and might be an individual, an organization, or a grouping within an organization, such as the management.

The two major benefits that arise from the market system's restriction of business risk to owners and investors are Risk Management

To learn more on risk management

brainly.com/question/4680937

#SPJ4

6 0
1 year ago
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