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Murrr4er [49]
3 years ago
13

A company’s normal selling price for its product is $28 per unit. However, due to market competition, the selling price has fall

en to $23 per unit. This company's current FIFO inventory consists of 280 units purchased at $24 per unit. Net realizable value has fallen to $21 per unit. Calculate the value of this company's inventory at the lower of cost or market.
Business
1 answer:
Marrrta [24]3 years ago
3 0

Answer:

$5,880

Explanation:

The computation of the value of inventory at the lower of cost or market value is shown below

= Number of units purchased × lower per unit

= 280 units  $21

= $5,880

Since the lower value per unit is $21 among all given per unit value and the same is to be considered

All other information which is given is irrelevant. Hence, ignored it

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steposvetlana [31]

Answer:

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3 0
3 years ago
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this
Katen [24]

Answer:

Maria spends all of her money on paperback novels and beignets In 2011 she Earned $27 per hour, the price of a paperback novel was $9, and the price of a beignet was $3.

Following give the nominal value of a variable: -

  • The price of a beignet is $3 in 2011
  • Maria's wage is $27 per hour in 2011

Following give the real value of a variable:

  • The price of a paperback novel is 3 beignets in 2011
  • Maria's wage is 9 beignets per hour in 2011.

Suppose that the Fed sharply macaws the money supply between 2011 and 2016 In 2016, Maria's wage has risen to $54 per hour. The price of a paperback novel is $18 and the price of a beignet is $6

In 2016, the relative price of a paperback novel is  3 beignet

Between 2011 and 2016, the nominal value of Maria's wage increases and the real value of her wage remains the same.

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7 0
3 years ago
The Garden Company began the accounting period with a $46,000 credit balance in its Accounts Payable account. During the account
pishuonlain [190]

Answer:

the  cash outflow for expenses is $106,000

Explanation:

The computation of the cash outflow for expenses is shown below:

Beginning balance $46,000

add; expenses $125,000

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3 0
3 years ago
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hoa [83]

Answer:

average total cost per unit is not at its lowest possible cost

Explanation:

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The monopolistic firms are not productive enough because the output is very less than the optimum level of the society as the average total cost of the producer per unit is not at the lowest possible cost.

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3 years ago
Explain why the income tax graph has different slopes. what is the meaning of each slope? ​
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HOPE THIS HELPS :)
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3 years ago
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