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Pepsi [2]
2 years ago
7

Smashing Pumpkins Co. uses the LCM method, on an individual-item basis, in pricing its inventory items. The inventory at Dec. 31

, 2014, costs of products D, E, F, and G. Relevant per-unit data for these products appear below: D E F G Estimated Selling Price $120 $110 $95 $90 Cost 75 80 80 80 Replacement Cost 120 72 70 30 Estimated Selling Expense 30 30 30 25 Normal Profit 20 20 20 20 Instructions: Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at Dec. 31, 2104, for each of the inventory items. g

Business
1 answer:
horsena [70]2 years ago
7 0

Answer:

For detailed tables of balance sheet refer to the attached files

Explanation:

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3 years ago
Which of the following statements is correct? Group of answer choices The normal balance of revenue is a debit. The normal balan
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Answer:

The normal balance of liabilities is a credit.

Explanation:

In the double entry system one account must be debited in order for the other to be credited.

There are different balances for each account. For the accounts with normal credit balance a credit causes it to increase while a debit decreases it.

For accounts with negative balance a credit reduces its balance while a debit increases its balance.

- Asset: Debit

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- Dividends: Debit

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- Owner’s Equity: Credit

- Revenue: Credit

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3 years ago
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Reading through a credit card disclosure (aka the Schumer Box), you see the A.P.R. for a specific card is set at 9.99% - 23.99%.
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Managers and subordinates jointly setting subordinate objectives is the _____ step in management by objectives.
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Answer:

first

Explanation:

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