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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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What is common stock ? in your own words. ​
vodomira [7]
Common stock our shares of ownership in a corporation that a Ford their holders voting rights.
6 0
3 years ago
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Selected income statement data follow for Harley Davidson, Inc., for the year ended December 31, 2016 (in thousands): Income bef
Alina [70]

Answer:

D. 35.5

Explanation:

Times Interest Earned

\frac{EBIT}{Interest \:Expense}

Where EBIT = Earning before interest and taxes

In your assingment we have the Income before the income taxes, whgich means it is including the interest expense, we need to remove it:

EBT + Interest expense = EBIT

1,023,911 + 29,670 =1,053,581

Now we calculate the TIE

1,053,581 /  29,670 = 35.50997641 = 35.51 = 35.5

The company earns their interest 35.5 times.

6 0
3 years ago
Consider a 2.75 percent TIPS with an issue CPI reference of 184.2. At the beginning of this year, the CPI was 195.4 and was at 2
Vikki [24]

Answer:

The capital gain of the TIPS in dollars is $27.69

Explanation:

Given

CPI = 200.5 (Beginning of the Year)

CPI = 195.4 (End of the year)

% = 2.75

CPI Reference = 184.2

CPI Reference of 184.2 = $1,000 rate

Capital Gain is calculated by the difference in value at the end of the year value and at the beginning of the year.

End of the year value = 200.5/184.2 * ($1000)

End of the year value = $1088.49

Beginning of the year value =

= 195.4/184.2 * ($1,000)

Beginning of the year value = $1060.80

Capital Gain =$1,088.49 - $1,060.80

Capital Gain = $27.69

3 0
3 years ago
Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
lys-0071 [83]

Answer:

Cutting $8,305

Binding $365

Explanation:

Calculation to Determine the ending balances in the Work in Process Inventory accounts of each department.

Cutting Ending work in process =$ 1,145+ 3,750+$ 9,240+$14,700-$20,530

Cutting Ending work in process =$8,305

Therefore the ending balances in the Work in Process Inventory accounts for cutting department will be $8,305

Binding Ending work in process= $2,200+$2,646+$3,450+$7,100+$18,575+$20,530-$49,000

Binding Ending work in process= $365

Therefore Therefore the ending balances in the Work in Process Inventory accounts for binding department will be $365

5 0
3 years ago
1. A creditor's claim to the property of an individual or business is called
skad [1K]

Answer:

c. liabilities.

Explanation:

liabilities are the creditors claims to the assets of the business/property.

7 0
2 years ago
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