Answer:
Sheridan Corporation
Value of Ending Inventory:
Product #1 Product #2
Before the new LCM rule:
Ending Inventory $7 $13
After the new LCM rule:
Ending Inventory $ 11 $21
Explanation:
a) Data and Calculations:
Product #1 Product #2
Historical cost $11 $21
Replacement cost 7 13
Estimated cost to dispose 8 10
Estimated selling price 22 35
Net realizable value 14 (22 - 8) 25 (35 - 10)
Less profit margin (30%) 4.2 7.5
Normal historical cost 9.8 17.5
Method of pricing its ending inventory = lower-of-cost-or-market
Product #1 Product #2
Historical cost $11 $21
Replacement cost 7 13
Net realizable value 14 25
Before the new LCM rule:
Ending Inventory 7 13
After the new LCM rule:
Ending Inventory 11 21
The new LCM rule states that the measurement of the ending inventory is solely restricted to the lower of cost and net realizable value.
Answer:
c) cash cows
Explanation:
Cash cows -
They are the product lines with relatively higher share in the market due to the result of the previous investment , but the growth is market is low .
The generation of cash is more and hence , can be used to support the other product lines .
Hence from the question data , the correct answer is cash crows .
Answer:
B. Unethically exploiting their power and size in the marketplace.
Explanation:
Infringing upon a patent in this way breaks the ethical barrier. Gaggle Inc. not on builds the knock-off product but does so because they realize that Chirp Chirp does not have the financial capability to fight them. If both companies were of a similar stature Gaggle Inc. would not have done this as they would be penalized after legal proceedings.
Answer:
total output.
Explanation:
for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.
The average variable cost = $50,000 / 10,000 = $5 per unit of A
The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A
The average total cost = $75,000 / 10,000 = $7.50 per unit of A
Answer:
The correct answer is A
Explanation:
Auction market is the kind or the type of the market where the buyer states the highest price and they are willing to pay. The sellers states the lowest price to which they are willing to accept or agree on.
A trade happen or occur when the seller as well as the buyer agrees or have a mutual consent for agreeing upon a price.
Therefore, the statement which is correct is that the auction markets matches the buyers and the seller orders.