Answer:
$2,600
Explanation:
As we know that the inventory should be recorded at a cost or market value which ever is lower
In the given case,
The cost is
= 200 units ×$16 per unit
= $3,200
And, the market value is
= 200 units × $13 per unit
= $2,600
So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet
Answer:
Import
Explanation:
Import is a way to introduce goods and services from the international market to the domestic market. Dominique owns an international grocery store where consumers can buy goods and services of different countries by just ordering them. So, in this case, Dominique is an importer, and the world food market is an example of a company that import.
Answer:
a. The company can utilize production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, lower cost and greater profitability.
Explanation:
Options are <em>"a. the company can utilize its production facilities to produce greater volumes to meet demand from a larger market, leading to higher productivity, tower cost and greater profitability. b. it will lead to a lower sales volume, which enables the company to free up more production power and require fewer employees. c. it will lead to a lower sales volume, which will reduce production costs and lead to greater production power. d. It will lead to a lower sales volume which means using less production power, enabling employees to have more time to participate in a learning environment."</em>
<em />
The question here is how the company will benefit by entering global market. And to enter global market, the company must produce larger volumes. So, the options B, C,& D are not correct. Because the company is looking to produce more and utilize its production capacity to the full to increase the profits by decreasing the costs (economies of scale). Thus, option A is correct.
<span>Lewis Hine's photos of child laborers have long titles, which fully documented their youthfulness.
</span><span> The photographer Lewis Hine took series of photos on behalf of the National Child Labor Committee,. The photos illustrate the dangers and hardships working children</span> and shows what kids had to go through in early 1900s in America.
Answer:
Annual depreciation for the first two years is $4,910.00
Book value at the end of year 2 $44,180.00
depreciation expense for each of the remaining years after revision is $21,110.00
Explanation:
The initial depreciation =cost-salvage value/useful life
cost was $54,000
salvage value is $4,900
useful life was 10 years
initial depreciation charge=($54,000-$4,900)/10=$4,910.00
Book value at the end of year 2=cost-depreciation for first 2 years
book value at the end of year 2=$54,000-($ 4,910*2)=$44,180.00
Depreciation expense for remaining years=($44,180-$1,960)/2=$21,110.00
