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Anna [14]
3 years ago
5

Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The comp

any's current inventory consists of 210 units purchased at $20 per unit. The market value of this inventory is currently $15 per unit. At what amount should the company’s inventory be reported on the balance sheet?
Business
1 answer:
Lana71 [14]3 years ago
7 0

Answer:

The company’s inventory be reported on the balance sheet as $3,150.

Explanation:

GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.

According to given data

Available Inventory = 210 units

Cost of Inventory = 210 units x $20 = $4,200

Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.

So,

Net realizable value is = 2,100 units x $15 = $3,150

As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.

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__________ is the term used to describe the situation when retailers use some combination of stores, catalogs, and the internet
marta [7]

Answer:

<u>"Multichannel retailing"</u> is the term used to describe the situation when retailers use some combination of stores, catalogs, and the internet to sell merchandise.

Explanation:

Multichannel retailing is a concept which is used in marketing that is continually advancing, in which an organization gives various approaches to clients to buy products and services. Basically most organizations nowadays are required to give clients different types of approaches to shop as clients need accommodation, and they need things done promptly.

6 0
3 years ago
2. What is the difference between international marketing and global marketing
quester [9]

Answer:

Global and international

plz follow and thanks me

Explanation:

Global marketing views the whole world as one, and creates products that will only require weeks to fit into any regional marketplace.

International marketing means that marketing decisions are made in the individual countries, with staff who is the most knowledgeable about the target markets.

hope it's help

8 0
3 years ago
The following selected amounts are available for Thomas Company.Retained earnings (beginning) $2,500Net loss 200Cash dividends d
AfilCa [17]

Answer:

c. $1,900

Explanation:

As for the information provided, we have:

Retained Earnings opening balance = $2,500

Current year loss = $200

Balance of retained earnings after this = $2,500 - $200 = $2,300

Now, dividends are provided which shall be paid from retained earnings only.

Cash dividends are the one paid in cash.

Stock dividends are the ones which are paid by issue extra shares from retained earnings.

Thus, both are deductible from retained earnings.

Therefore, closing balance of retained earnings = $2,300 - $200 - $200 = $1,900.

4 0
3 years ago
A _____ is a specially designed phone room used to conduct telephone interviewing.
katrin [286]

Answer:

central-location telephone (CLT) facility

8 0
2 years ago
Cardiac Science is a California-based company that makes defibrillators,heart monitors,and other medical equipment.It is prepari
Elden [556K]

The correct answer is A)  The name of the product, when translated into Greek, has an unintentional meaning.

Explanation:

In business, communication problems can emerge due to a difference in language that prevents the business from communicating appropriately its purpose, name, slogan, and from advertising its products. This mainly occurs if the translation does not reflect the original meaning or there are cultural features that create a barrier.

This situation occurs in "The name of the product when translated into Greek, has an unintentional meaning" because due to the lack of experience of the manager in Greece and the differences in language, she does not know how to communicate in Greek the name of the company, which creates a communicative barrier as Greek customers will not understanding the real meaning of the company.

5 0
3 years ago
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