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Sloan [31]
3 years ago
9

Data related to the inventories of Kimzey Medical Supply are presented below:

Business
1 answer:
DedPeter [7]3 years ago
3 0

Answer:

c. $155.

Explanation:

Kimzey Medical Supply's merchandise inventory:

                  Surgical equip.  Surgical supplies  Rehab equip.  Rehab  supplies

Selling price          $335              $195                   $415                    $240

Cost                       $245              $165                   $325                   $237

Replacement         $315              <u>$155</u>                    $310                    $233

cost

Net RV                   $275              $175                    $375                   $200

If we apply the lower of cost or market rule for determining the value of surgical equipment, its value would be: $155 because the replacement cost  (or market price) is lower than the historical cost or the net realizable value.

When we use the lower of cost or market rule, we should value our inventory at the lowest value between original purchase cost, replacement (or market) price or net realizable value.

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Each of the following describes a not for profit activity (hobby) except?
g100num [7]

Answer:

A Mary Kay consultant who deducts travel expenses and whose small customer base was mostly relatives who lived out of town.

Explanation:

A not for profit activity (or hobby) is something that you do simply because you like to do it and generally you should not make a profit from doing it.

A Mary Kay consultant is actually a salesperson whose job is to sell Mary Kay products. Whether she is able to make a profit or not is something different, but selling Mary Kay is actually considered work. Since they are independent consultants, they are considered independent contractors that must file their income taxes.

4 0
3 years ago
Home produces two goods: computers and wheat. Capital is specific to computers, land is specific to wheat, and labor is mobile b
kaheart [24]

Answer:

The appropriate answer is "capital intensive, land intensive".

Explanation:

  • Throughout Home than anything in Abroad, the whole no-trade income of farmers would be significantly greater, even though Home has fewer land assets than International. Throughout Home, then it does in International, the whole no-trade rate of electronics would be smaller, as Home does have more capital resources than International.
  • If the market is established, the comparative commodity price throughout the home will be decreased through trade as well as rise throughout foreign trade. If an exchange is expanded, the capital demand would rise at home as well as the rent overland throughout foreign countries will rise.

This will take effect even though the international availability of land will increase but instead international demand for resources will keep increasing.

7 0
4 years ago
Milly Garcia, the marketing manager for ABCDE Firm, believes for her company to succeed in international markets, it must addres
Alecsey [184]

Answer: Marketing mix

Explanation:

Marketing mix is a combination of factors that are controlled by a company in order to influence the consumers to buy its products.

Marketing mix is a foundation model for firms, and it centered around the price, product, place, and promotion. Marketing mix is the marketing tools that a firm uses to achieve its marketing objectives in the market.

4 0
4 years ago
A dealer persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer ha
poizon [28]

Answer:

low ball

Explanation:

From the question, we are informed about A dealer who persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer has agreed to buy the car, the terms of the sale are shifted by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. Now the car costs well above the current market rate. In this case, This is an example of the low ball procedure. The low-balling procedure can be regarded as lpersuasion tactic whereby the seller offer will give an initial offer of goods/ service at a lower price than the expected price, so that the buyer can commit, after the commitment from buyer, the price will be suddenly increased. This technique is famous among salesmen as well as advertisers.

5 0
3 years ago
Mark and Trina just got married. They both struggle to manage money and have decided to start taking more responsibility when it
Ksenya-84 [330]
I think the answer is C. :(
4 0
3 years ago
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