1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bas_tet [7]
3 years ago
5

At year end, CurlZ, Inc.'s inventory consists of 370 bottles of CleanZ at $3 per bottle and 270 boxes of DyeZ at $10 per box. Ma

rket values are $3.20 per bottle for CleanZ and $8 per box for DyeZ. CurlZ should report its inventory at ________
Business
1 answer:
laiz [17]3 years ago
3 0

Answer:

Curlz should report his inventory at a Total value of $3,270

Explanation:

In reporting inventory, the market values are only used when the price of a particular commodity or product falls below the purchase value.The inventory will therefor register a loss if the price falls. However, when the market value rises above the purchase value, we use the purchase value in our inventory since the rules of accounting do not allow for anticipated profits: they can only be reported once the sale is made and the market value at that point in time is higher than the purchase value.

The inventory will include;

Initial values;

Number of bottles of Clean Z=370 bottles

Price per bottle of clean Z=$3

Number of boxes of Dye Z=270 boxes

Price per Dye Z=$10

Market values;

Price per bottle of clean Z=$3.20

Price per box of Dye Z=$8

Inventory report;

Since market value of clean Z ($3.20)is greater than its initial value ($3), then in our inventory we will use the lesser value=$3 per bottle for 370 bottles.

Additionally, since market value of dye Z ($8) is lesser than its initial value ($10), then in our inventory we will use the lesser value=$8 per box for 270 boxes

The total value of the inventory will be;

Total value=(Number of bottles of Clean Z×price per bottle of clean Z)+(Number of boxes of Dye Z×price per Dye Z)

where;

Number of bottles of Clean Z=370 bottles

price per bottle of clean Z=$3

Number of boxes of Dye Z=270 boxes

price per box of Dye Z=$8

replacing;

Total value=(370×3)+(270×8)=$3,270

Total value=$3,270

You might be interested in
Unemployment is often called a lagging or trailing indicator because unemployment tends to rise some time after the economy begi
andrezito [222]

Answer:

B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.

Explanation:

In the case when the output falls so the workers would not be laid off in a direct manner. In the first time the labor would be decreased so that the demand could be analyzed. The same would be happen in that case also where the growth picked up

Therefore in the given case, the option B is correct

And the other options are wrong

7 0
2 years ago
True Help is a nonprofit organization that works toward rehabilitating the homeless. The credo of the organization is "help us h
maw [93]

Answer: C

Explanation:

7 0
2 years ago
Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

3 0
2 years ago
A(n) _____ is in control of an agency relationship because he or she defines the tasks and objectives of the relationship./pract
NARA [144]

Answer:

Principal

Explanation:

The principal has the right to abolish the relation or set the objectives of the agent and allocation of task and authority delagated to the agent. This control is given to principal by law to protect his interests.

8 0
3 years ago
The number of employees that work in state and local criminal justice agencies is:
marishachu [46]

The number of employess that works in the state and local justices agencies, according to the research and studies, the number of employees who are involved with this type of job is about over one million base on the study provided.

4 0
3 years ago
Other questions:
  • Someone who wants the credentials of skilled training, but in less time than a four-year degree should consider
    13·1 answer
  • Erin collides her 940-kg Mazda Miata into the rear of a 2460-kg pick-up truck which was at rest at the light on Lake Avenue. The
    10·1 answer
  • If the expected sales volume for the current period is 9,000 units, the estimated the beginning inventory is 200 units and the d
    8·1 answer
  • When a magazine company collects cash for selling a subscription, it is an example of: Multiple Choice An accrued liability tran
    10·2 answers
  • Phil's Dinor purchased some new equipment two years ago for $32,600. Today, it is selling this equipment for $22,000. What is th
    8·1 answer
  • During 2020, Leisel, a single taxpayer, operates a sole proprietorship in which she materially participates. Her proprietorship
    5·1 answer
  • Employers often look for workers with knowledge in a particular field that
    13·1 answer
  • Knapp Industries began business on January 1, 2018 by issuing all of its 1,550,000 authorized shares of its $1 par value common
    13·1 answer
  • The united states helped mexico’s economy during world war ii by ordering raw materials and offering workers jobs. buying the ri
    14·1 answer
  • In some simple models of trade, a country may choose to specialize in the production of a single good. which is not an argument
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!