All categories

3 years ago

Martinez Company's ending inventory includes the following items.

Business

1 answer:

lozanna [386]3 years ago

6 0

Answer and Explanation:

The computation of the lower of cost or market for ending inventory applied separately to each product is presented below:

Product Units (A) Cost per Unit Market per Unit Minimum cost (B) Value (A × B)

Helmets 24 $50 $54 $50 $1,200

Bats 17 $78 $72 $72 $1,224

Shoes 38 $95 $91 $91 $3,458

Uniforms 42 $36 $36 $36 $1,512

Total cost $7,394

First we take the lower unit of cost or market and after than the lower unit should be multiplied with the number of units so that the ending inventory could come

You might be interested in

Galt Industries has 50 million shares outstanding and a market capitalization of $1.25 billion. It also has $750 million in debt

lesya692 [45]

Answer:

Market price per share = Total market capitalization

No of shares outstanding

= $1.25 billion

$50 million

= $25 per share

Number of shares to issue to repay debts

= Total value of debt

Market price per share

= $750 million

$25

= 30 million shares

Explanation:

In this case, we need to calculate the market price per share by dividing the total market capitalization by the number of shares outstanding.

Thereafter, we will derive the number of shares needed to repurchase debt by dividing the value of debt by the market price per share.

6 0

4 years ago

A company estimates that it will sell 100,000 units of finished goods in March. Each finished good requires 5 feet of raw materi

Lady bird [3.3K]

Answer:

497,000 units

Explanation:

Total production:

= Budgeted production + Desired ending inventory

= (100,000 × 5) + [(9,000 × 5) + 42,000]

= 500,000 + (45,000 + 42,000)

= 500,000 + 87,000

= 587,000

Units to be purchased:

= Total production - Beginning inventory

= 587,000 - [(10,000 × 5) + 40,000]

= 587,000 - (50,000 + 40,000)

= 587,000 - 90,000

= 497,000

Therefore, the raw materials should the company plan to purchase during March is 497,000 units.

4 0

3 years ago

The theory of comparative advantage states that:

Stella [2.4K]

Answer:

Productivity rises more quickly when countries produce goods and services for which they have a natural talent.

Explanation:

This is the best option with the theory of comparative advantage states countries produce goods for which they have a lower opportunity cost. Having resources and talents lower the opportunities cost. When countries do this, it increases economic welfare for all.

6 0

3 years ago

You want to have $82,000 in your savings account 13 years from now, and youâre prepared to make equal annual deposits into the a

kramer

Answer:

$3,992.87

Explanation:

To determine the amount that would be deposited every year, the formula to be used is : future value/ annuity factor

Annuity factor = {[(1+r) ^N ] - 1} / r

FV = Future value = $82,000

P = Present value

R = interest rate = 7.3%

N = number of years = 13

= (1.073)^13 - 1 / 0.073 = 20.536622

$82,000 / 20.536622 = $3,992.87

I hope my answer helps you

4 0

4 years ago

Because your baking trays can hold exactly one dozen cookies, you will produce and sell cookies by the dozen. should you give di

Ymorist [56]

If you were to make more than a dozen cookies assuming that you can't bake them on separate cookie sheets at the same time than of course it will take longer to fill than one-dozen, but even with a discount you are making more of a profit than just selling one-dozen. Keeping the discount to a minimum is key, so possibly offering just 10% orders over one dozen cookies.

5 0

3 years ago