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2 years ago

Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:

Business

1 answer:

guajiro [1.7K]2 years ago

4 0

Answer:

Explanation:

Net realizable value(Market value) for apparel=Selling price minus associated selling expenses e.g sales commission.

Market value for Apparel= $ 120,000-(120,000*10%)

=$ 120,000-12,00

Market value for Apparel =$108,000

Apparel cost=$90,000

The lower of the above costs is $90,000.

Lower of cost or market is one of approaches of valuing and reporting inventory. Ending inventory is usually stated at historical cost. When original cost of the ending inventory is greater than the net realizable value, meaning that the inventory has lost value. The inventory has decreased in value below historical cost, then its carrying value is reduced and reported on the balance sheet. The method for reporting this is called current market value.

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Identify the costs associated with buying a home

PIT_PIT [208]

The correct answer is D, all of the above.

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2 years ago

Alejandro works nights at a restaurant. His job is to prepare drinks for customers. He serves drinks directly to customers who s

Nina [5.8K]

A restaurant is a place where <u>food and drinks</u> are prepared and served to clients. Meals are often served and consumed on-site, however many restaurants also provide take-out and food delivery services.

Alejandro is a<u> bartender</u> and Mei is a<u> Chef</u>.

<h2 /><h2>The reasons for the selection of their Job position:</h2>

<h3>Alejandro:
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Alejandro works in a restaurant at night.
His work is preparing drinks for customers.

He serves drinks to those <u>sitting nearby</u>, but he also prepares drinks for <u>waiters to distribute</u> to guests around the restaurant.

Alejandro is almost certainly a bartender.

Mei works long hours as a waitress in a restaurant.
She creates the restaurant's menu, manages kitchen employees, and prepares food.

Mei is probably a chef or a cook.

For more information about the related question, refer below:

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2 years ago

1.What three factors determine the demand for a product?

Delvig [45]

incomes of the people

the number of customers in the market

3 0

2 years ago

Which of the following is not a correct way of calculating a liquidity ratio?

aleksley [76]

Option C -Operating Cash Flow = Current Liabilities / Operating Cash Flow s not a correct way of calculating a liquidity ratio.

Liquidity ratios are a measure of a company's ability to settle its short-term payments. A company has the ability to quickly exchange its revenues and is using them to pay his obligations is dictated by its liquidity ratios. The potential to pay back debts and keep engaged on installments is simpler the better the ratio. Since this can vary by industry, and current ratio of 1.0 usually signals that a group's debt do not exceeding its liquid assets. In enterprises in which there is a quicker product changeover and/or shorter payment cycles, ratings below 1.0 may be acceptable.

Absolute liquidity ratio =(Cash + Marketable Securities)÷ Current Liability.

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5 months ago

Assume you have a brand new baby today. You plan to make 18 $1,000 annual deposits in her college savings account, starting on h

aleksley [76]

Answer:

After her 18th birthday the balance will be $41,301

Explanation:

Balance right after the 18th birthday is calculated using the formula for future value of annuity

FV = $PMT \times \frac{(1+i)^{n}-1}{i}$

Annual payment PMT = 1,000

Interest rate i = 0.09

Deposits are made for 18 years: n = 18

The balance in her account will then be:

FV = 1,000 * ( 1.09^18 - 1 ) / 0.09

= $41,301

7 0

2 years ago