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True [87]
3 years ago
6

The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Units Cost per Unit Net Rea

lizable Value RSK-89013 550 $38 $44 LKW-91247 329 49 45 QEC-57429 462 25 33 Required: 1. Compute the carrying value of the ending inventory using the lower of cost or market method applied on an item-by-item basis. $ 2. Prepare the journal entry required to value the inventory at lower of cost or market. (Inventory adjustment to market value)

Business
1 answer:
valentina_108 [34]3 years ago
3 0

Answer:

1. $47,255

2. Dr Cost of goods sold account $1,316

Cr Inventory account $1,316

Explanation:

Please find attached detailed solution to the above questions and answers.

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A firm's business _______ should include a description of the need the firm will fill, the operations of the business, its compo
andrew11 [14]

The Business Plan of an organization should show the following key components: Value Proposition, Operations, Components and Functions, projected revenue, and expenditure.

<h3>What is a Business Plan?</h3>

This refers to a document that spells out the future goals, plans and activities of a business as well as how it plans to achieve goals those objectives.

A business plan is useful for:

  • Startups or existing businesses that want to attract investors
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Please see the link below for more about Business Plan:

brainly.com/question/25311149

8 0
2 years ago
Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4% with semiannual payments of
frutty [35]

Answer:

Current yield is 6.17%

<em>YTD is 5.43%</em>

<em>YTC is 4.26%</em>

Explanation:

Tenor: 15 years

-> number of payment (NPer) is 30 (= 15 years * 2 for semiannual)

Coupon rate: 7.4%

- > semiannual payments (PMT): $37 = ($1000*7.4%/2)

Future value (FV): $1000

Present value (PV): $1200

Current yield = annual coupon/ current price = $37*2/$1200 = 6.17%

<u>Extra: </u>

We use excel to calculate  yield to date (YTD) or nominal yield:

= Rate(Nper, PMT, - PV,FV) = Rate(30,37,-1200,1000) = 2.717% semiannual

-> annual rate is 5.43%

The bond issue is callable in 5 years at a call price of $1,074, then FV is $1074

Yield to call = rate(10,37,-1200,1074) = 2.13% semiannual

-> annual rate is 4.26%

5 0
3 years ago
The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its rela
Vera_Pavlovna [14]

Answer:

Total Quality Management (TQM)

Explanation:

The philosophy of producing a high-quality product or service and achieving quality in every aspect of the business and its relationship with the customer, with a focus on continuous improvement in the quality delivered to customers is <u>Total Quality Management (TQM)</u>

Total Quality Management (TQM): It is a continous process of detecting and reducing error from the process of producing goods and services. This help in maintaining quality of the product by improving process and training worker for better performance. It also help in improving customer´s experience.

There are several tools used in total quality management (TQM):

  • Continuous improvement.
  • Six Sigma.
  • Employee empowerment.
  • Benchmarking.
  • Just-in-time.
  • Taguchi concept.
  • Knowledge of TQM tools.
8 0
3 years ago
Many of the first responders at the chernobyl accident died within hours or days of working at the explosion site. what were the
Ratling [72]

The Chernobyl accident is a disaster involving nuclear explosion. They most likely die from the radiation illness as the radiation was intense that it causes poisoning and even complications such as thyroid cancers. They likely die within an instant because of the radiation illness that they have acquired.

4 0
3 years ago
Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that do
trasher [3.6K]

Answer: .The correct answer is a). the case is being heard for the first time.

Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.

This cases are heard directly without any intermediary or appellate review.

8 0
4 years ago
Read 2 more answers
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