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
Sati [7]
4 years ago
7

Departures from Acquisition Cost Determine the proper total inventory value for each of the following items in Packer Company’s

ending inventory: Packer has 60 model X3 cameras in stock. The cameras cost $260 each, but their year-end replacement cost is only $240. Packer has been selling the cameras for $310, but competitors are now selling them for $280. Packer plans to match the selling price at $280. Packer’s normal gross profit on cameras is 35 percent.
Business
1 answer:
irakobra [83]4 years ago
5 0

Lower of cost or Market

The historical cost is 260

So we need to find the market value

First we have to determine the floor and ceiling

(NRV)Ceiling = selling price - cost to complete and disposal =$310

Floor=NRV-normal profit margin = 310-(0.35*310)=$201.5

Market price cannot be above ceiling or below floor so we should use the current replacement cost of $240

To calculate the ending inventory =240*60 =14,400 (in stock)

You might be interested in
Explain the common causes of expatriate failure. What are the major success factors for success expatriates? Explain the role an
pentagon [3]

Fail:

1. Individual

2. Family

3. Cultural

4. Organisational

Success:

1. Professional and technical competence

2. Relational Abilities

3. Family Situation

4. Motivation

5. Language Skills

Explanation:

Role of expatriate failure and success expatriates:

Expatriate failure is generally defined as an affix which is either prematurely terminated or viewed by top management as unsuccessful. Most studies have concluded that the rate of failures is high, and depending on the country, they can range from 20 to 50 percent.

And in order to adapt the community to their new surroundings, it is necessary for those who associate with the assigned group and contribute to the progress of their task to resolve the difficulties outlined above.

Expatriate deficiency factors. An expatriate failure research conducted at Cornell University has shown some of the most mentioned reasons: the cultural shock: the adaptability of modern, different cultures is crucial to expatriate success. Professionals with these skills can often fight in a new environment. Innately.

Expatriates are staff of companies, which are involved in long or short-term enterprise ventures of one country in another. We help their companies to operate in other countries, to reach the international markets or to migrate their business associates knowledge and skills.

7 0
3 years ago
What two ingredients provide the structure in conventional baked goods?
Natalija [7]
The answer is wheat flour and gluten.
5 0
3 years ago
Suppose that consumers' incomes increased, such that more video games were demanded at each price level. After the increase in d
PSYCHO15rus [73]

Answer:

After the increase in demand, the new equilibrium price is <u>$160</u>, where both supply and demand equal <u>300</u>.

Explanation:

When the income level of customers increases, the demand curve shifts to the right, increasing the quantity demanded at every price level.

If the quantity demanded for a good increases as its customers' income increases, it is called a normal good.

In this case, the previous equilibrium quantity was 200 units and the equilibrium price was $50. Since the demand curve shifted to the right, both the quantity demanded increased from 200 units to 300, and the equilibrium price increased from $50 to $160.

8 0
3 years ago
The presence of price floors in a market is usually an indication that: the forces of supply and demand are unable to establish
Aleonysh [2.5K]

When there is a price floor in the market, this usually means that  the sellers of the good or service outnumber the buyers.

<h3>What is a price floor?</h3>
  • It refers to an amount that the price of a good is not allowed to fall below.
  • It is imposed by the government to prevent market failure.

The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.

In conclusion, option D is correct.

Find out more on the law of demand at brainly.com/question/1078785.

8 0
3 years ago
Hi, Friends I am beginner .​
zimovet [89]

Answer:

hello

Explanation:

minprasadacharya

3 0
3 years ago
Other questions:
  • A risk ____ plan is a proactive effort to anticipate a risk and describe an action plan to deal with it.
    10·1 answer
  • Margie is 15 and claimed as a dependent by her parents. she has $800 in dividends income and $1,400 in wages from a part-time jo
    10·1 answer
  • What is the smallest acceptable annual income from a project which has a?
    15·1 answer
  • A preferred stock is expected to pay a constant quarterly dividend of $1.25 per quarter into the future. The required rate of re
    9·1 answer
  • If Ron agrees to use "book and hold" to boost his current month's sales and therefore the firm's revenues, which document used b
    11·2 answers
  • If this game is played only once, then the most likely outcome is that a. both firms produce a good quality product. b. both fir
    13·1 answer
  • The Speedy-Delivery Company has two options for its delivery truck. The first option is to purchase a new truck for $14,000. The
    5·1 answer
  • Which statement is true about the total assets and the total liabilities?
    10·2 answers
  • You are the manager of a retail store. You believe the economy is in a recession and that sales for the month will be unusually
    13·1 answer
  • A negative relationship between the quantity demanded and price is called the law of:.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!