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3 years ago

As a noncommissioned employee in a company, your pay rate is most likely based on

2 answers:

Citrus2011 [14]3 years ago

7 0

If you are an employee who is not working on a commission basis, then most likely, you are working as a salary based employee. Your salary would usually be based on your going rate or your market value to the employers. Based on your caliber, the employers will decide what your salary would be. For example, if you are a fresh grad, you will start with an entry level salary while if you are a manager, you will obviously be receiving a higher salary.

hodyreva [135]3 years ago

3 0

A the going rate for your job

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You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized co

Viktor [21]

Answer:

On the basis of given information, I'll increase my production of nails.

Explanation:

The reason for increase in production of nails are as follow:

The fact that overall market supply of nails will decrease by 2 % due to exit by the foreign competitors that means my competition will decrease and it will increase the market share for me.
The fact that the overall demand of nails will increase by 2 % means that now I can increase my production in order to meet the supply and demand gap.

These two facts show that it is good opportunity to increase the production as the demand has increased and competition has decreased.

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3 years ago

Carly donated inventory (ordinary income property) to a church. She purchased the inventory last month for $100,000, and on the

MissTica

Answer:

$92,00

Explanation:

Base on the scenario been described in the question which we saw how Carly donated an to the church, when she purchased the gift, it was $100,000 but when she is to present the gift to the church, the fair market value became $92,000 which is her maximum charitable contribution deduction

the charitable deduction for ordinary income property is the lesser of fmv or basis limited to 50% of AGI

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3 years ago

So I’m in IB and we have to come up with a creative personal project ... any ideas?

Karolina [17]

Maybe your could make earrings or jewelry out of litter to show how bad the issue is becoming?

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3 years ago

____ involves completely disclosing to participants the goals and procedures involved in the study and obtaining their agreement

pychu [463]

Answer: The correct answer is OBTAINING INFORMED CONSENT.

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This is to ensure that the participation of subjects in the study is entirely voluntary and decision is not influenced.

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3 years ago

Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) r

Vika [28.1K]

Question Completion:

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows:

Inventory, by Per Unit Net Realizable

Product Category Quantity Cost Value

Tools:

Hammers 100 $5.00 $5.50

Saw 200 10.00 9.00

Screwdrivers 300 2.00 2.60

Paint products:

1-gallon cans 500 6.00 5.00

Paint brushes 100 4.00 4.50

Required:

1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory.

2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1.

Answer:

<h3>Almaden Hardware Store</h3>

1. The carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to

(a) individual products:

= $5,800

(b) product categories:

= $6,050

= $6,080

2. Inventory write-down as a line item in the income statement, for each of the LCNRV applications for:

(a) individual products:

Debit Cost of goods sold $700

Credit Inventory $700

To record the inventory write down based on LCNRV.

(b) product categories:

Debit Cost of goods sold $450

Credit Inventory $450

To record the inventory write down based on LCNRV.

Debit Cost of goods sold $420

Credit Inventory $420

To record the inventory write down based on LCNRV.

Explanation:

a) Data and Calculations:

Inventory, by Per Unit Net Realizable LCNRV Inventory

Product Category Quantity Cost Value Value

Tools:

Hammers 100 $5.00 $5.50 $5.00 $500

Saw 200 10.00 9.00 9.00 1,800

Screwdrivers 300 2.00 2.60 2.00 600

Paint products:

1-gallon cans 500 6.00 5.00 5.00 2,500

Paint brushes 100 4.00 4.50 4.00 400

Inventory amount (LCNRV rule applied to individual products) $5,800

Inventory amount (LCNRV rule applied to product categories)

Tools: Cost value = (100 * $5) + (200 * $10) + (300 * $2) = $3,100

NRV value = (100 * $5.50) + (200 * $9) + (300 * $2.60) = $3,130

LCNRV = $3,100 for tools

Paint products: Cost value = (500 * $6) + (100 * $4) = $3,400

NRV value = (500 * $5) + (100 * $4.50) = $2,950

LCNRV = $2,950 for paint products

Total LCNRV = $6,050 ($3,100 + $2,950)

Inventory amount (LCNRV rule applied to total inventory):

Cost value = (100 * $5) + (200 * $10) + (300 * $2) + (500 * $6) + (100 * $4)

= $6,500

NRV value = (100 * $5.50) + (200 * $9) + (300 * $2.60) + (500 * $5) + (100 * $4.50) = $6,080

Year-end Adjustments for each of the LCNRV applications in requirement 1:

(a) individual products:

Cost of Inventory = $6,500

LCNRV = 5,800

Inventory write down $700

(b) product categories:

Cost of Inventory = $6,500

LCNRV = 6,050

Inventory write down $450

Cost of Inventory = $6,500

LCNRV = 6,080

Inventory write down $420

7 0

2 years ago