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Rainbow [258]
3 years ago
14

Ray's Sounds has accumulated the following cost and market data on March 31: Cost Data Market Data iPods $24,000 $20,400 Cell ph

ones $18,000 $19,000 DVDs $28,000 $25,600 Using the lower-of-cost-or-market, how much is the value of the ending inventory? $65,000 $63,100 $64,000 $70,000 $71,000
Business
1 answer:
mixer [17]3 years ago
8 0

Answer:

$64,000

Explanation:

product     cost data     market data       lower of cost or market

ipod       24,000         20,400             20,400

cell phone 18,000          19,000                18,000

DVDs        28,000          25,600              25,600

ending inventory = 20,400 + 18,000  + 25,600

                             = $64,000

Therefore, The value of the ending inventory is $64,000

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A company has designed a new product and tested the prototype. what is the next step in product development?
ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0
3 years ago
Imagine that you have invented a new snack food product and would like to market it to college students. What are some of the ad
valentina_108 [34]

Explanation:

An advertising message to be attractive and generate the desired effect, it must reach its potential audience through communication aligned with the interests and desires of the potential audience.

Firstly, as the potential audience is students, it would be ideal to use an advertising communication channel such as social media, where there is a large presence of young people.

It is ideal that advertising involves elements of student culture to generate identification, desire and proximity to the potential audience, so a good choice would be to develop a campaign that involves the product with sports for example, the snack company could be more involved with the culture students, such as sponsoring a college football team and advertising their brand at games, or distributing free snacks at college events.

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3 years ago
Theo works at a fast food restaurant. his boss has asked theo if he is willing to take more shifts. if theo decides to take on t
nikitadnepr [17]
The fact that his school work may end up slacking or he is ambitious and will achieve what he wants to
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4 years ago
Suppose that fertilizerfertilizer is necessary to produce wheatwheat. if the price of fertilizerfertilizer fallsfalls​, the supp
asambeis [7]

Answer: Shift to the right

Explanation:

Fertilizers are an important input in wheat production. When the price of fertilizers fall, it leads to a decrease in cost of producing wheat. Thus, producers will supply more wheat in the market. As a result the supply curve for wheat will shift to the right leading to a fall in the price of wheat and an increase in the quantity of wheat sold in the market.

4 0
3 years ago
Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining industry. The following info
Lena [83]

Answer:

$6 per unit

Explanation:

using the weighted average method:

units completed 92,000 x 100% (both materials and conversion)

ending work in progress 24,000

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  • conversion 40% completed = 9,600

equivalent unit conversion costs = total conversion costs / total equivalent units of conversion

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equivalent unit conversion costs = $609,600 / 101,600 units = $6 per unit

4 0
3 years ago
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