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bekas [8.4K]
3 years ago
10

The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and has a net realizable value o

f $10,000. Its inventory of coffee makers with timers cost $35,000 and has a net realizable value of $35,000. What amount should be reported for Daily Grind's inventory?A :
Business
1 answer:
torisob [31]3 years ago
6 0

Answer:

The answer is: $45,000

Explanation:

The total merchandise inventory should include both the coffee makers with timers and without timers, but they should be recorded at their fair market value.

total merchandise inventory = coffee makers with timer + coffee maker without timer

total merchandise inventory = $35,000 + $10,000 = $45,000

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Price Decreases & Quantity Decreases

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I hope my answer helps you

8 0
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All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT: ​
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Answer:

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3 years ago
The knowledge and skills acquired by a worker through education and experience is a description of which factor of production? p
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6 0
3 years ago
Industrialist who established standard oil
Ksju [112]
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7 0
3 years ago
Emily, age 58, has been a participant in the Icon, Inc. ESOP for fifteen years. She plans to retire at 65. At the end of this ye
Andrej [43]

Answer:

How much must Icon allow Emily to diversify this year?

The answer is $250,000

Explanation:

  • After attaining the age of 55 years and participating already for ten years in the ESOP.
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  • 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
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7 0
3 years ago
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