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
maksim [4K]
3 years ago
14

Presented below is information related to Rembrandt Inc.’s inventory. (per unit) Skis Boots Parkas Historical cost $190.00 $106.

00 $53.00 Selling price 212.00 145.00 73.75 Cost to sell 19.00 8.00 2.50 Cost to complete 32.00 29.00 21.25 Determine the following: the net realizable value for each item, and the carrying value of each item under LCNRV. (Round answers to 2 decimal places, e.g. 52.75.)
Business
1 answer:
dybincka [34]3 years ago
7 0

Answer:

A.Skis = 161.00

Boots = 108

Parkas = 50

B) Skis = 161

Boots = 106

Parkas = 50

Explanation:

(a)Skis = 212.00-32.00-19.00= 161.00

Boots = 145-29-8= 108

Parkas = 73.75-21.25-2.5=50

(b)Skis = 161

Boots = 106

Parkas = 50

You might be interested in
Abbe Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is
babymother [125]

Answer:

The overhead cost per unit of product B is $84.20

Explanation:

Abbé company

Product A & B

Activity 1 to 3 respectively:

Estimated Overhead cost $60,791

Estimated Overhead cost $83,421

Estimated Overhead cost $97,442

Total Estimated overhead cost = $241,654

Expected Activity 3,100

Expected Activity 3,900

Expected Activity 1,660

Total expected Activity = 8,660

Overhead Costs Per Activity = $241,654 / 8,660 = $27.91

Product B

Total Activity = 1,500 + 1,300 + 820 = 3,620

Therefore total overhead cost = $27.91 x 3,620 = $101,034.20

Product B sales and Production units in the period equals 1,200 units...this means our overhead cost per unit =

$101,034.2 divided by 1,200 units

= $84.20

6 0
3 years ago
Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activit
Zina [86]

Answer:

$5,857; $1,105

Explanation:

Cash flows from investing activities:

= Proceeds from sale of property and equipment + Sale of investments - Purchase of property, plant, and equipment

= $6,594 + $134 - $871

= $5,857

Therefore, the net cash provided by the investing activities is $5,857.

Cash flows from Financing activities:

= Borrowings under line of credit (bank) + Proceeds from issuance of stock - Payments to reduce long-term debt - Dividends paid

= $1,417 + $11 - $46 - $277

= $1,105

Therefore, the net cash provided by the investing activities is $1,105.

6 0
3 years ago
ID Goods Corp. sells safety footwear to its client base that includes oil refineries, meat processors, catering companies, hospi
Alex17521 [72]

Answer:

Aftermarketing

Explanation:

Aftermarket IMG is defined as the set of activities a business undertakes after making a product sale to retain customers and to foster repeat sales.

For example following up on the customer to ascertain level of satisfaction with the purchase, after sale technical support, and complaint management.

In the given scenario ID Groups Corp maintains a database that contains customer information and a history of each of their purchases, offers ongoing guidance on product maintenance, and responds quickly to complaints and seeks customer satisfaction.

These are aftermarketing activities.

4 0
3 years ago
Assume Lavender Corporation has a market value of $4 billion of equity and a market value of $19.8 billion of debt. What are the
harkovskaia [24]

Answer:

Debt = 83.19%

Equity  = 16.81%

Explanation:

Given that

Market value of the equity = $4 billion

Market value of debt = $19.8 billion

Total firm capital would be

= Market value of the equity + Market value of the debt

= $4 billion + $19.8 billion

= $23.8 billion

So, the weightage of debt would be

= Market value of debt ÷ Total firm capital

= $19.8 billion ÷ $23.8 billion

= 83.19%

And, the weightage of equity is

= Market value of equity ÷ Total firm capital

= $4 billion ÷ $23.8 billion

= 16.81%

5 0
3 years ago
Shelley compared the number of oak trees to the number of maple trees as part of a study about hardwood trees and a woodlot she
Masja [62]

There were 72 (108 - 36) more maple trees in the woodlot before the bug problem. There were 108 maple trees in the woodlot before the bug problem. There are 36 maple trees in the woodlot after the bug problem.

The following information is given in the question:

Ratio of maple trees to oak trees before bug problem = 9:5

Ratio of maple trees to oak trees after replanting = 3:11

Total number of oak trees after replanting =132

Total number of trees in the woodlot is the same before and after the bug problem.

Let the number of maple trees after replanting be 'x'

From the data above, we can find the number of maple trees after replanting as follows:

\frac{3}{11} = \frac{x}{132}

\frac{(3*132)}{11} = {x}

x = 36

So, number of maple trees after replanting in the woodlot are 36.

Total number of trees in the woodlot =   No. of maple trees + No. of oak trees.

Total number of trees in the woodlot =  168 (132 + 36)

Let number of maple trees before bug problem be 'z'.

We can find the number of maple trees before bug problem as follows:

\frac{9}{(9+5)} = \frac{z}{168}

\frac{9*168}{14} = z

z = 108

6 0
3 years ago
Other questions:
  • Justin wants to buy a new smartphone. he did a lot of research over the internet and identified four attributes that he would ra
    12·1 answer
  • Oann and mark, a white american couple, are planning to purchase a home in the next year or so. they approve of residential inte
    15·1 answer
  • Holly Kombs, a speculator, expects interest rates to decline in the near future. Thus, she purchases a call option on interest r
    8·1 answer
  • Managers of profit centers usually have a. ​Given excessively high bonuses b. ​No discretion over decisions c. ​Most of their de
    10·2 answers
  • If commercial banks are maintaining a 4 percent reserve/deposit ratio and the fed raises the required reserve ratio to 6 percent
    9·1 answer
  • Robert Corp. granted an incentive stock option for 200 shares to Beverly, an employee, on March 14, Year 12. The option price an
    9·1 answer
  • The practical application of techniques and knowledge is called __________.
    14·1 answer
  • The demand curve faced by a monopolistically competitive firm means
    6·1 answer
  • Suppose the banking system does NOT hold excess reserves and the reserve ratio is 25%. If Melanie deposits $1,000 of cash into h
    9·1 answer
  • Which economic indicators most strongly suggest that an economy is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!