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yarga [219]
3 years ago
5

Sandhill Inc. has the following information related to an item in its ending inventory. Packit (Product # 874) has a cost of $76

, a replacement cost of $60, a net realizable value of $68, and a normal profit margin of $4. What is the final lower-of-cost-or-market inventory value for Packit? $60. $68. $64. $76.
Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

$64

Explanation:

The computation of final lower-of-cost-or-market inventory value is given below:-

Ceiling LCM = Estimated selling price - Cost to disposal or NRV ($68)

Floor LCM = NRV - Normal profit

= $68 - $4

= $64

Conditions: 1)When the cost of replacement is greater than the LCM ceiling then the LCM ceiling is considered the market cost.

2)If the cost of replacement is greater than floor LCM then floor LCM is considered to be the market cost

So, second condition is satisfied.

The market value is $64, cost is $76.

Lower of cost or market rate is $64

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Require the issuer to set aside assets to pay bonds at maturity.

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3 years ago
A stock expects to pay a dividend of $5.49 per share next year. Dividends are expected to grow at 20 percent per year for the fo
navik [9.2K]

Answer:

The annual dividend expected to be paid by the stock nine years from today (D9) is $11.27 per share.

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In the attached excel file, the following formula is used:

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3 years ago
Your grandmother recently surprised you and gave you $15,000 expressly for the purpose of starting your retirement savings. Her
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Answer:

A. $115,291.30

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C. $1,471,502.67

Explanation:

The expression that describes the final amount of a $15,000 investment compounded annually for 35 years is:

A = \$15,000*(1+i)^{35}

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i = 0.06

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3 0
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Answer:

c.

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