Answer:
$64
Explanation:
The computation of final lower-of-cost-or-market inventory value is given below:-
Ceiling LCM = Estimated selling price - Cost to disposal or NRV ($68)
Floor LCM = NRV - Normal profit
= $68 - $4
= $64
Conditions: 1)When the cost of replacement is greater than the LCM ceiling then the LCM ceiling is considered the market cost.
2)If the cost of replacement is greater than floor LCM then floor LCM is considered to be the market cost
So, second condition is satisfied.
The market value is $64, cost is $76.
Lower of cost or market rate is $64
Answer:
a.mechanistic
Explanation:
Based on the scenario being described within the question it can be said that it seems that Fine Lines Inc. is using a mechanistic structure. This type of structure, also known as a bureaucratic structure, is a structure based on a single formal and centralized network where authority comes from the top-level managers who make most of the decisions.
Answer:
subdivision
Explanation:
A real property subdivision takes place when a real property (parcel of land, house, etc.) is divided into smaller areas. The whole idea behind a subdivision is that it should be easier to sell the property in smaller parts.
When a subdivision is carried out on a condominium, the physical space is not divided, rather the property time is divided into time share units. In this case, a person can purchase the right to use that condominium during 3 weeks each year.
