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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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3 years ago
What is the state of education today with respect to technology use by teachers?
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3 years ago
Predatory pricing refers to a. All of the above are examples of predatory pricing. b. a firm selling certain products together r
mina [271]

Answer:

d. a monopoly firm reducing its price in an attempt to maintain its monopoly.

Explanation:

In a competitive system, a firm practices predatory pricing when it charges prices below its costs in order to eliminate competitors. When the prevailing system is a monopoly, the firm is the only company providing the good and it can practice predatory pricing in the short term to prevent a competitor from entering the market. Thus the firm remains monopolistic.

8 0
3 years ago
If the company is using the payback period method and it requires a payback of three years or less, which project(s) should be s
algol [13]

Answer: Project X

Explanation:

The Payback period is the amount of time it would take for the cash inflows accruing from an investment to payoff the cost of the investment.

Project X has a constant cashflow of $24,000 for 3 years and a cost of $68,000 for the Payback period is;

= 68,000/24,000

= 2.83 years

Project Y has an uneven cash flow with a cost of $60,000. Payback is calculated as;

= Year before payback + Amount left to be paid/cashflow in year of payback

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7 0
3 years ago
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