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Setler79 [48]
3 years ago
10

Carla Vista Company sells product 2005WSC for $130 per unit. The cost of one unit of 2005WSC is $127, and the replacement cost i

s $126. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market?
Business
1 answer:
Alexxx [7]3 years ago
7 0

Answer:

Product 2005WSC  should be reported at $127

Explanation:

Using the lower-of-cost-or-market, Carla Vista Company reports its Inventory at the <em>lower of</em> cost and net realizable value at the end of its financial period.

Cost per unit of 2005WSC is $ 127 (given)

<u>Net realizable value </u><u>per unit of 2005WSC is :</u>

Selling Price ( $127 × 1.40)                   $177.80

Less Estimated Cost to Sell                 ($6.00)

Net realizable value                           $ 171.80

<u>Conclusion :</u>

Therefore, the lower is Cost at $127

Thus product 2005WSC  is measured at $127

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Answer and Explanation:

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For Fidelity bank

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3 years ago
__________ is a market failure that the government might seek to change through intervention
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Answer: A positive externality, negative externality and asymmetric information

Explanation:

A market failure is one of the type of economical situation in which the  the various types of products and the services are distributions in an inefficient manner.

A positive externality, negative externality and an asymmetric information are the market failure that the government wants to change by the process of intervention

Externality is one of the type of advantage or cost that basically affect the third party in the economics so the free market under consuming the various types of products. Therefore, the given answer is correct.  

5 0
3 years ago
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Answer:

c. $6,076

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Retail store managers will take activities that result in greater Unemployment when undesirable inventories build up.

<h3>What is GDP?</h3>
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8 0
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