1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BigorU [14]
3 years ago
13

Moss Co. has determined its year-end inventory on a FIFO basis to be $400,000. Information pertaining to that inventory is as fo

llows: Estimated selling price $ 408,000 Estimated costs to sell 20,000 What should be the book value of Moss’s inventory?
Business
1 answer:
Shalnov [3]3 years ago
7 0

Answer:

book value of Moss’s inventory = $388000

Explanation:

given data

year end inventory = $400,000

selling price =  $408,000

costs to sell = 20,000

to find out

book value of Moss’s inventory

solution

we know that inventory value should be low the cost or net realisable cost

so here net realisable cost will be

net realisable cost  = selling price - costs to sell

net realisable cost  = $408,000 - $20,000

net realisable cost  = $388000

so  book value of Moss’s inventory will be $388000 due to lower value

You might be interested in
What recommendations/actions would you provide to a coworker if they did not understand an email that was written by their super
valentina_108 [34]

My recommendation would be: communicate directly to the supervisor to clarify the intend of the email

Most employees believed that asking clarification to their supervisor would reflect badly on them since it make them look incompetent.

But most supervisors are trained to provide employees with guidance if they do not understand their assignment. And, following the wrong order would be significantly worse compared to not able to understand an email.

4 0
3 years ago
Read 2 more answers
For each of the following scenarios, determine the effect on aggregate supply.
anastassius [24]

Answer:

(a) Option (c) is correct.

(b) Option (b) is correct.

Explanation:

(a) If there is an unexpected decrease in the oil prices (Positive supply shock) then as a result this will reduce the cost of production of the firms and hence, there is an increase in the supply of the goods. This will shift the aggregate supply curve rightwards.

(b) If all the producers are required to contribute more towards the heath insurance coverage (negative supply shock) then as a result this will increase the cost of production of the producers. So, this will lead to decrease the supply of the goods and also, shift the supply curve leftwards.

4 0
3 years ago
IN the light of Nike Case, identify the following:
Agata [3.3K]

Answer:

Nike company follows brand recognition marketing strategy.

Nike focuses on market trends rather than product features.

Explanation:

Nike has great brand image among its customers. It focusses on its brand and launches new products with heavy R&D experiences. The management of Nike focus on market orientation rather than product orientation. It identifies the market trends and then customizes its product according to customers needs.

3 0
3 years ago
One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually, and a fa
ycow [4]

Answer:

Percentage change in the bond price=0.524%

Explanation:

The current bond price can be expressed as;

Current bond price=(Semi-annual coupon×((1-(1/(1+r)^i)/r)+ (face value/(1+r)^i)

where;

i-maturity period=1 year ,since it has 2 periods in a year,i=2

r-nominal yield to maturity rate=7.2/2=3.6%

Semi-annual coupon rate=6.5/2=3.25%

face value=$1,000

Semi- annual coupon=(3.25/100)×1,000=$32.5

replacing;

Current bond price=Semi-annual coupon×((1-(1/(1+r)^i)/r  + face value/(1+r)^i

(32.5×((1-(1/(1+0.036)^2)/0.036)+1,000/(1+0.036)^2

(32.5×(1-0.93)/0.036)+931.71

(32.5×1.94)+931.71=63.05+931.71=

Current bond price=$994.76

Percentage change=((Face value-Current bond price)/(Face value))×100

Percentage change=((1,000-994.76)/1000)×100

(5.24/1000)×100=0.524%

Percentage change in the bond price=0.524%

5 0
2 years ago
Which of the following statements is CORRECT? a. A time line is not meaningful unless all cash flows occur annually. b. Time lin
I am Lyosha [343]

Answer: Option C

Explanation: The correct  statement is time lines can be constructed to deal with situations where some of the cash occur annually but others occur quarterly.  A time line can be defined as the display of events in a chronological order. While solving problems related to cash flow, time line is prepared to ease the calculations by showing cash flow as the the order of their occurrence.

7 0
3 years ago
Other questions:
  • Orwell Building Supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after
    10·1 answer
  • An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
    14·1 answer
  • Fresh Baked Goods has 36,800 shares of stock outstanding at a market price of $24.91 per share. What will be the price per share
    7·1 answer
  • On July 10, 2020, Carla Music sold CDs to retailers on account and recorded sales revenue of $686,000 (cost $528,220). Carla gra
    12·1 answer
  • GronLan Inc., a company with a majority of workers with high seniority, decides to hire 1,000 college graduates to meet the sudd
    6·1 answer
  • Patrick Guitman recently graduated from college with $20,000 in student loans and $5,000 in credit card debt. He usually makes m
    7·1 answer
  • If Pop Company exercises significant influence over Son Company and owns 40% of its common stock, then Pop Company: a. Would rec
    8·1 answer
  • A study is designed to evaluate how an employee reacts to interruptions when attempting to answer his/her email. After several i
    8·1 answer
  • Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
    13·1 answer
  • Adam Company sells one product at a price of $50 per unit. Variable expenses are 40 percent of sales, and fixed expenses are $50
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!