1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
levacccp [35]
3 years ago
12

A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur

rent FIFO inventory consists of 200 units purchased at $16 per unit. Net realizable value has now fallen to $13 per unit. What is the amount of the lower cost of market adjustment the company must make as a result of this decline in value?
a. $1000

b. $1400

c. $400

d. $600

e. $800
Business
1 answer:
musickatia [10]3 years ago
8 0

Answer:

correct option is d. $600

Explanation:

given data

sells product = $20 per unit

selling price fallen = $15 per unit

FIFO inventory = 200 units

purchased = $16 per units

Net realizable value fallen = $13 per unit

to find out

amount of the lower cost of market

solution

we know that here Company record inventory at lower

so market value or cost of the inventory at  declined time

and here Market Adjustment is the Difference of the cost and the Market Value

so cost will be here

Cost =  200 × $16

cost = $3200

and

Net realizable value will be

Net realizable value =  200 × $13

Net realizable value = $2600

so that Market adjustment is the difference of

Market adjustment  difference = $3200 - $2600

Market adjustment  difference = $600

so correct option is d. $600

You might be interested in
Your aunt is thinking about opening a hardware store. She estimates that it would cost $400,000 per year to rent the location an
Solnce55 [7]

Answer:

(B) What must be given up to acquire it

Explanation:

Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.

It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.

In this case, the salary of $50,000 per year is the opportunity cost.

8 0
3 years ago
Four candidates with the same qualification are interviewed for the position of sales representative. looking at the given chara
Tamiku [17]

A sales representative is a person who works for a particular brand or company and helps in selling the products or services of a company while at the same time representing the brand. The sales representative basically works by contacting the customer until the time the product is sold or the customer had made use of the service.

There are certain skills required by the sales representative like-

  • Communication skills- good communication skills are required by every sales representative, as it enable a person to represent his and his company’s views more efficiently.
  • Negotiation skills – these skills also ensure that you can make good relations with other big companies that widen your brand network.
  • Public skills – these will help you in better public speaking whenever you have to give presentations on a brand’s goals or views.
  • Organizational skills- as the workload is more you will need to organize yourself so you can complete your tasks on time.
  • Therefore, out of the four candidates, the person who has all these important skills will get selected in the interview for sure and moreover, and will surely impress his employer with these certain skills.

Learn more about Pre-approach selling process here-

brainly.com/question/25586322

#SPJ4

3 0
1 year ago
Banks helped international trade by allowing merchants access to money in different locations. please select the best answer fro
Bogdan [553]

The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.

<h3>What is International Trade?</h3>

International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.

International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.

<h3>What is the role of the banks in International Trade?</h3>

Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.

<h3>What did a Merchant do?</h3>

Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.

Thus, we can conclude that the above statement is TRUE.

Learn more about International Trade on:

brainly.com/question/15115779

#SPJ4

4 0
2 years ago
Suppose a competitive firm has​ cost, C​ = ​(0.002q3​) ​+ (22q)​ + 750, marginal​ cost, MC​ = 0.006q2​ + 22, and​ revenue, R​ =
aniked [119]

Answer:

 Options B and C are correct.

  • Marginal profit is negative.
  • Profit is positive.

Explanation:

At q = 150

R = 80q = 80(150) = 12,000

C = 0.002(150)3 + 22(150) + 750 = 6750 + 3300 + 750 = 10,800

R > C so first is incorrect.

MR = 80

MC = 0.006(150 x 150) + 22 = 135 + 22 = 157

MC > MR so B is correct.

Profit = TR - TC = 80(150) - 0.002(150)3 - 22(150) - 750 = 12000 - 10800 = 1200

Profit is positive.

Marginal profit = MR - MC = 80 - 157 = - 77

MR is Negative

3 0
2 years ago
Suppose the government imposes a price ceiling on gasoline that is less than the equilibrium price. As a​ result, A. there is in
FrozenT [24]

Answer: (B) There is incentive for buyers to undertake search activity

Explanation:

Setting price below equilibrium will create shortage.

8 0
3 years ago
Other questions:
  • Manufacturing companies especially those which manufacture chemicals or use chemicals must be in compliance with construction la
    12·1 answer
  • Is it against the law to require a student to pay their own money to go on a trip that will affect grade?
    11·1 answer
  • Helpp please 10 points!<br><br> 2. What are Internal and external factors.
    5·1 answer
  • Corcoran Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and wi
    9·1 answer
  • Importers' bank usually issues a ________ to importers in international transactions.
    8·1 answer
  • Do It! Review 11-3a Incorrect answer. Your answer is incorrect. Try again. Riverbed Corp has 3,300 shares of 7%, $103 par value
    9·1 answer
  • Panuto: Buuinangmgasalita. Punan ng tamang letra ang bawat kahonupangmabuoangtamangsalita.Isulatangsagotsaiyongsagutangpapel.
    13·1 answer
  • 1. Why might a company claim that the total cost of employing a person is $15.30 per hour
    10·1 answer
  • How can the government improve occupational mobility ?
    12·1 answer
  • Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to se
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!