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3 years ago

On the basis of the following data, determine the value of the inventory at the lower of cost or market.

Business

1 answer:

vlabodo [156]3 years ago

3 0

Answer:

The computation is shown below:

Explanation:

The computation is shown below:

Product Total Cost Total Market Lower of Total Cost or Total Market

A $1,368 $1,248 $1,248

($171 × 8 units) ($156 × 8 units)

B $10,300 $9,150 $9,150

($206 × 50 units) ($183 × 50 units)

C $11,454 $10,856 $10,856

($249 × 46 units) ($236 × 46 units)

D $5,530 $4,795 4,795

($158 × 35 units) ($137 × 35 units)

E $9,452 $10,064 $9,452

($278 × 34 units) ($296 × 34 units)

Total $35,501

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A stigmatized property is one: (a) Where physical damage makes it undesirable to buyers (b) That a historical society owns and m

katrin [286]

Answer:

Explanation:

A stigmatized property is one that has been psychologically impacted by an event that occurred on the property or one that has been suspected to have occurred on that property. Such a property is now "stigmatized" because such an event will have a drastic effect on multiple values and aspects of the property.

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3 years ago

10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year i

madam [21]

Answer:

FV= $1,259.71

Explanation:

Giving the following information:

Initial deposit (PV)= $1,000

Number of periods (n)= 3 biannual years

Interest rate (i)= 8% = 0.08

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FV= PV*(1+i)^n

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FV= $1,259.71

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3 years ago

Neal's home has been foreclosed on and sold at a Sheriff's sale. The sale brought in $500,000 and the total liabilities on the h

julsineya [31]

Neal receives the additional $75,000.

<h3>What are liabilities?</h3>

A liability is defined in financial accounting as the future sacrifices of economic benefits that an entity is obligated to make to other entities as a result of past transactions or other past events, the resolution of which may result in the transfer or use of assets, provision of services, or another future yielding of economic benefits.
A company's assets are what it owns, while its liabilities are what it owes.

Both are included on a firm's balance sheet, which is a financial statement that demonstrates the financial health of the company.
Equity, or an owner's net worth, is equal to assets with fewer liabilities

Liability Examples -

Bank indebtedness Debt from a mortgage.
Suppliers owe money (accounts payable) Wages are owing.
Taxes are owing.

In the given situation Neal was the owner and so it will have the liability of $425,000 and the additional amount of $75,000.

Therefore, Neal receives the additional $75,000.

Know more about liabilities here:

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2 years ago

USA bank has an average balance of transactions accounts, August 10 to 23, of $824.46 million. The average balance in the cash a

oee [108]

Answer:

Explanation:

minimum reserve = 491.226

Reserve held through 21 days = 37 x 12 = 444

To be held last two days = 47.226

check the picture attached for more explanation to the problem

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3 years ago

Shannon qualifies for a federal student loan and plans to pursue a degree program at an out-of-state school. Which action will h

swat32

Answer:

Shannon qualifies for a federal student loan and plans to pursue a degree program at an out-of-state school. Which action will help Shannon reduce the cost?

Shannon needs to apply opportunity cost which entails giving priority to the most important among the choices available, it is expedient of Shannon to apply for the loan and pursue a school within reach where the cost is minimal within the state rather than out of state school which would cost more.

Explanation:

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4 years ago