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3 years ago

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 $155 $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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Federal spending that is authorized by permanent laws and does not go through the annual appropriation process is called _____ s

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Federal spending that is authorized by permanent laws and does not go through the annual appropriation process is called mandatory spending.

<h3>What does mandatory spending signify?</h3>

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1 year ago

The Stone Harbor Fund is a closed-end investment company with a portfolio currently worth $310 million. It has liabilities of $3

defon

Answer: 8.79%

Explanation:

The premium or discount as a percent of NAV will be calculated thus:

NAV will be calculated as:

= (Market value of portfolio - liabilities ) / shares outstanding

= ($310 million - $3million) ÷ 10 million

= $30.7 per share.

Then, the calculation for the discount percent will be:

= (selling price - NAV) / NAV

= ($28 - $30.7) / $30.7

= ($-2.7) / $30.7

= (0.0879)

= 8.79%

Therefore, NAV is trading at discount of 8.79%

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3 years ago

Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-

Sindrei [870]

Sales = $12,000,000

Inventory Turnover ratio (old) = 3
Inventory Turnover ratio (new) = 7.5
Freed up Cash = ?
So, let’s find out the freed up cash
 We know level of inventory are calculated as follows;
Inventory = Sales Inventory turnover ratio
Calculating $ value of old inventory
 Inventory Old=$12,000.0003
 =$7.5,000,000
 Calculating $ value of New inventory
 Inventory New=$12,000,0075
 =$3,000,000
 The freed up cash would be=Old Inventory – New Inventory
 =$7.5,000,000 - $3,000,000
=$4.5,000,000

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