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Greeley [361]
3 years ago
5

At the end of the fiscal year, Kappa Pet Co. has an outstanding purchase commitment for the purchase of 1 million gallons of jet

fuel at a price of $18.40 per gallon for delivery during the coming summer. The company prices its inventory at the lower of cost or market. If the market price for jet fuel at the end of the year is $17.00, how would this situation be reflected in the annual financial statements
Business
1 answer:
Pani-rosa [81]3 years ago
6 0

Answer:

-

Explanation:

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The instrument that Shawn must use is “payable to the order of” before the name of the payee.

<h3>Requirements of Negotiability </h3>
  • The first of the four major considerations is whether or not a paper is negotiable, and it is one that nonlawyers must address.
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Hence, the instrument that Shawn must use is “payable to the order of” before the name of the payee.

To learn more about the Negotiation instrument refer to:

brainly.com/question/9312091

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Musya8 [376]
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Answer:

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Customer Lifetime Value is a measure of how much amount of money a customer spends on your business/products/services over the course of his whole lifetime.

It is a predictor of how well you are doing to retain your existing customers.

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suppose you spend $10 to advertise your product (belt) and a customer buys 5 belts on average every year for 15 years. You get $12 profit for each belt sold.

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