Answer:
The company’s inventory be reported on the balance sheet as $3,150.
Explanation:
GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.
According to given data
Available Inventory = 210 units
Cost of Inventory = 210 units x $20 = $4,200
Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.
So,
Net realizable value is = 2,100 units x $15 = $3,150
As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.
Answer: True
Explanation:
Groupware is a set of programs that makes it possible for people to work together on a common course even though they are at different locations from each other. In this way, they can work together remotely.
Computer programs that makes work collaboration to be possible real time are known as synchronous groupware.
Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed in real time.
Answer:
$18.60
Explanation:
Target cost:
= Sales revenue - Profit
= (No. of units sold × Selling price per unit) - (Investment require × desired return on investment)
= (20,000 × $21) - ($400,000 × 0.12)
= $420,000 - $48,000
= $372,000
Target cost per unit:
= Target cost ÷ Number of units
= $372,000 ÷ 20,000
= $18.60
Therefore, the target cost per unit is closest to $18.60.
Answer:
C. A contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.
Explanation:
A bond indenture specifies the contract which is between the bond issuers and bond holders. The contract specifies all the obligations owed by the issuers to the bond holders.
In this case the right definition of indenture would be a contract between the corporation issuing the bonds and the bond trustee, who is acting on behalf of the bondholders.
Hope that helps.
