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
iren2701 [21]
3 years ago
7

Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied

separately to each product.
Jelly: Quantity: 150 Cost per unit: $2.00 Market per unit: 2.15 Jam: Quantity: 370 Cost per unit: $2.65 Market per unit: 2.50 Marmalade: Quantity: 260 Cost per unit: $3.10 Market per unit: 3.05

A. $2,040.50.

B. $2,086.50.

C. $2,018.00.

D. $2,109.00.

E. $2,053.50.
Business
1 answer:
Rom4ik [11]3 years ago
6 0

Answer:

C. $2,018.00.

Explanation:

The computation of the lower cost or market value is shown below:

For Jelly

= 150 units × $2 per unit

= $300

For Jam

= 370 units  $2.50

= $925

And, for Marmalade

= 260 units × $3.05

= $793

So, the total inventory is

= $300 + $925 + $793

= $2,018

It is come by multiplying the quantity of each one by its lower cost or market value per unit

You might be interested in
Olivia is considering working a secretary job for a small law firm. Given the opportunity costs of working the job, she will not
SOVA2 [1]

What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought

Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.

<em><u>Factors that lead to changes in reservation wages</u></em>

  • Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
  • Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
  • Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.

To learn more about reservation wage, please check: brainly.com/question/14293413?referrer=searchResults

8 0
2 years ago
Lusk Corporation produces and sells 14,300 units of Product X each month. The selling price of Product X is $25 per unit, and va
zloy xaker [14]

Answer:

Annual financial disadvantage = $ (669,600)

Explanation:

Relevant cost are future incremental cash costs that arise as a direct consequence of a decision.

The relevant costs of this decision to disconnected includes the following:

  1. The variable cost of making the product = $19 per unit
  2. Sales revenue at a price of $25
  3. Savings in  avoidable fixed costs (102,000-72,000) = 30,000

Annual financial advantage                                

                                                                       $

Lost contribution $(25-19)× 4,300 units =   (85,800)

Saving in fixed cost =                                   <u>  30,000</u>

M<em>onthly net loss                                            </em><em><u> 55,800</u></em>

Annual financial disadvantage

Monthly net loss × 12 months

=  (55,800)  × 12

=  $ (669,600)

8 0
3 years ago
A company has several internal-only, web-based applications on the internal network. Remote employees are allowed to connect to
aalyn [17]

Answer:

The changes to BEST counter the threat presented in this scenario is  Implement NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.

Explanation:

Implementing Network access Control NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.Network Access Control (NAC) is the best reedy that will not alter the existing work schedule in place.

This approach to computer security will unify endpoint security technology such as antivirus, host intrusion prevention, and vulnerability assessment for all users and foster stronger system authentication.

NAC will reinforce and strengthen the network security in order to prevent internal server issues from any contractor or employee henceforth.

7 0
3 years ago
If an employer chooses a per diem method of substantiation for travel expenses,
Ahat [919]

If an employer chooses a per diem method of substantiation for travel expenses, the meals and incidental expenses method requires actual cost records to substantiate lodging expenses.

Option E

<u>Explanation: </u>

The price of the meal and the additional expenses while travelling away from home for work purposes is deducted from an employee or self-employed person. The expense deduction generally requires the costs to be substantiated.

There has been, however, an optional form that prohibits receipts for these taxpayers.

The IRS releases Diem levels for different parts of the United States (see Notification 2015-63 on the subject of irs.gov). For just the intent of measuring a meal and an accessory deduction, taxpayers may use such per diem rates and will be required to prove it.

If an employer wants a method of proof of travel expenses by Diem, the meal and by-product procedure requires real cost records in order to prove accommodation expenses.

7 0
3 years ago
A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3
ipn [44]

Answer:

The true statement is " The spread is from 1 to 6."

Explanation:

Consider the provide information.

First we will draw the dot plot as shown in the figure.

Now consider the options.

The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.

Now find the center of the data by calculation the median of the data.

There are 16 dots in total which is an even number.

So, now we will find the average of the two middle values.

This will be the 8th and 9th value average for the given data set of 16 values.

Count from left to right the 8th and 9th values are both 4.

\text{Median}=\frac{4+4}{2}

\text{Median}=4

Hence, the center of the data is 4.

The second statement is false.

The peak of the data is at 6.

The third statement is false.

The spread is from 1 to 6 as we can see in the figure shown below.

Therefore, the true statement is " The spread is from 1 to 6."

8 0
3 years ago
Read 2 more answers
Other questions:
  • The _________ program is one of the more common ways to get college credit in high school. It includes an exam that you must tak
    10·2 answers
  • The decision-making control in which local units are given autonomy is characteristic of a(n:
    12·1 answer
  • Property rights _________________________________________.
    9·1 answer
  • The face value of a note refers to the amount borrowed plus interest received at maturity from the maker. that can be received i
    5·1 answer
  • Interim financial statements: are always prepared before any adjustments have been recorded. show the assets above the liabiliti
    12·1 answer
  • An example of business-to-business sales is selling ________.
    7·1 answer
  • Caroline, the store manager at a jewelry store, conducts statewide market research and collects data on customer preferences tow
    12·1 answer
  • A computer sends a packet of information along a channel and waits for a return signal acknowledging that the packet has been re
    8·1 answer
  • Please help!! This is for economics
    6·1 answer
  • Pitman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; r
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!