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
Tamiku [17]
3 years ago
13

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

Business
1 answer:
guajiro [1.7K]3 years ago
4 0

Answer:

<em>b. $ 90,000.</em>

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.

You might be interested in
module 3 BlockWood Inc. has been providing raw materials to Couches Corp., a furniture company. The management at Couches recent
maria [59]

The correct answer to this open question is the following.

You forgot to include the options for this question. However, we can answer the following.

This scenario best illustrates forward integration.

This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.

Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.

So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.

6 0
3 years ago
Melanie works in the public relations department at a major university. She is the editor of an internal newspaper, called Updat
Maurinko [17]

Options:

A) employee affairs

B) corporate relations

C) internal relations

D) employee relations

E) house communications

Answer:D) employee relations.

Explanation: Employee Relations is a term used in the field of human resources management to describe the various steps and actions put in place by an organisation in order to ensure a high performing,motivated and a positive relationship with its staff.

THROUGH AWARDS AND OTHER REWARD SYSTEMS ORGANISATIONS CAN EFFECTIVELY MAINTAIN A POSITIVE EMPLOYEE RELATIONSHIP.

6 0
3 years ago
when all-in-one technology offers its customers a discount for ordering their television, internet, and phone service all with a
Archy [21]

Penetration evaluation could be a strategy utilized by businesses to draw in customers to a brand-new product or service by giving a cheaper price ab initio.

The cheaper price helps a brand-new product or service penetrate the market and attract customers far from competitors.

EDLP is related to Walmart because the company has used it systematically in its selling. As an evaluation strategy, Walmart founder SAM Walton used EDLP once gap his initial stores.

In a predatory evaluation theme, area unit costs are set low to drive out competitors and build a monopoly. Shoppers could enjoy lower costs in the short term. However, they suffer if the theme succeeds in eliminating competition, as this could trigger an increase in costs and a decline in selection.

To learn more about monopoly, visit here

brainly.com/question/5992626

#SPJ4

8 0
1 year ago
Your company buys a car, and its value goes down over time. What is that process called?
kozerog [31]
The correct answer would be B. Depreciation
4 0
3 years ago
Read 2 more answers
When partners representing multiple jurisdictions or agencies work together to establish the Internet objectives, what type of c
kondaur [170]

In a Unified Command, members representing multiple jurisdictions and agencies work together to establish: the Internet objectives.

<u> Explanation:</u>

When  two or more persons shares the incident commander role is a Unified Command authority structure in an Incident Command System. It is a way for carrying the commanding activities by which the agencies and jurisdictions that are responding will be working altogether for the establishment of internet objectives.

When there exists incidents having many jurisdictions and agencies that this type of command is very essential. The persons sharing the authority will be working together without affecting the responsibilities and authority of the agencies individually.

3 0
3 years ago
Other questions:
  • Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
    15·1 answer
  • Abby received requests from three families to babysit a toddler for four hours on friday night. she can only babysit for one of
    6·1 answer
  • Geneva, a team manager at Mobile Solutions, needs to inform her subordinates that there will be a round of layoffs at the end of
    7·1 answer
  • Until now, only injectable vaccines against influenza have been available. Parents are reluctant to subject children to the pain
    9·1 answer
  • The additional dining space will occupy space next to Olaf’s that was recently rented to a tenant. By claiming the space for the
    13·1 answer
  • Which of the following represents the three general categories into which the key components of effective teams are grouped?A) i
    15·1 answer
  • Pick Industries produces plastic toothpicks that it sells to distributors in the Southwest. During the early 1990s, the price of
    10·1 answer
  • The income statement for the Marin Inc. for the month ended July 31 shows Service Revenue $19,560, Salaries and Wages Expense $9
    10·1 answer
  • When a manager speaks to an employee, the employee pays the most attention to: Nonverbal communication Verbal communication
    12·1 answer
  • An unfavorable fixed overhead volume variance can be due to all of the following except a.sales orders at a low level b.an incre
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!