The correct answer is $380 per unit.
The lower-of-cost-or market rule requires that you report the lower value of either the purchase price or current market price of items in inventory. In this case the current market price is lower, so it should be used when calculating the value of inventory.
Answer:
Ans. The expected rate of return on the Inferior Goods Co. stock is 5.90%
Explanation:
Hi, you just have to multiply the expected earnings by the probability of occurance of a certain event and then add up all the products. Here is the information all organized to be processed.
Item Prob Earn
Booming 20% -6%
Normal 55% 7%
Recession 25% 13%
Ok, now let´s calculate the expected rate of return.
So the expected rate of return of the stock is 5.90%
Best of luck.
Answer:
The total loss in welfare to the economy will be -$32.
Explanation:
By intersecting the supply function QS to the demand function QD, we will find the equilibrium price:
QD = QS
16P - 8 = 64 - 16P
16P + 16P = 64 +8 =
32P = 72
P = $2.00
Replacing the equilibrium price either in QS or QD, we foind the equilibrium quantity:
QS = 64 - 16*2 = 64 -32
QS = 32
In this case the total revenues at the equilibrium price RE will be:
RE = 32 * $2 = $64
On the other hand if the government imposes a price floor at $3.00, then the new total revenues RN will be:
RN = 32 * $3 = $96
Therefore the total losses is find by subtracting the revenue at the goverment price floor RN to the revenue at the equilibrium price RE:
LT = RE - RN
LT = $64 - $96 = -$32
Answer: The correct answer is "C. reveals how profitable a company is".
Explanation: Asset turnover reveals how profitable a company is because it compares how well a company manages its assets to generate more income and accumulate more and more capital.
The document is known as W-4 Form. You fill this form when you are claiming your allowances, but it also helps to guide your boss on how much money should be withheld from your paycheck for federal taxation.
