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Paraphin [41]
4 years ago
11

If a company values inventory at the lower of cost or market, which of the following is the value of merchandise inventory on th

e balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole. Item Inventory Quantity Unit Cost Price Unit Market Price Product C 420 $ 6 $ 5 Product D 370 12 14 a.$7,280 b.$6,540 c.$6,960 d.$7,700
Business
1 answer:
Feliz [49]4 years ago
8 0

Answer:

merchandise inventory on the balance sheet 6,540 option B

Explanation:

we should eevaluate between cost or market price, the lowest.

Product C

cost:     6

market: 5

we will use $5 so 420 units x 5 dollars =  $  2,100

Product D

cost:     12

market: 14

we will use $12 so 370 units x 12 dollars = $  4,440‬

Total merchandise: product C 4,440 + product D 2,100 = 6,540

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Dermody Snow Removal's cost formula for its vehicle operating cost is $2,980 per month plus $328 per snow-day. For the month of
mina [271]

Answer: $950 Unfavorable

Explanation:

Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:

= $2,980 + ($328 × Level of activity)

= $2980 + ($328 × 20)

= $2980 + $6560

= $9540

Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:

= Flexible Budget - Actual Budget

= $9,540 - $10490

= $950 Unfavorable

7 0
3 years ago
Jennifer sees herself as a loving, caring mother and wife. She also sees herself as an accomplished professional. Finally, she s
Whitepunk [10]

The totality of Jennifer's thoughts and feelings about herself can be defined as a self-concept, which is based on her belief about herself and the responses of other individuals.

<h3 /><h3>What is the relevance of self-concept?</h3>

It helps in the formation of personality and behaviors based on self-esteem and life experiences to form your belief about yourself, being a motivational factor for positive or negative behaviors.

Therefore, through identity, body image, self-esteem and their role in society, an individual is able to form their self-concept.

The correct answer is:

C. Self-concept

Find out more about self-concept here:

brainly.com/question/890495

3 0
2 years ago
A topographical map shows successively higher equal-elevation lines, whereas an indifference map shows successively higher level
Pavel [41]

Answer:

The correct answer is letter "A": utility.

Explanation:

The Indifference Map or Indifference Curve determines the combination of two goods that will provide equal satisfaction according to their utility. If you want more of one good and less of another you would be willing to trade some of one for more of the other. Plotted in a graph's upper right quadrant an indifference curve shows the curve on which changing amounts of a product create equal satisfaction levels.

5 0
4 years ago
Themarketpriceofasecurityis$50.Itsexpectedrateofreturnis14%.Therisk-freerateis6%, and the market risk premium is 8.5%. What will
mezya [45]

Answer:

$31.82

Explanation:

market price $50

expected rate of return /Re) = 14%

Div = $50 x 14% = $7

risk free rate (Rf) = 6%

market premium (Rm - Rf) = 8.5%

beta = ?

14% = 6% + (beta x 8.5%)

beta x 8.5% = 14% - 6% = 8%

beta = 8% / 8.5 = 0.941

if beta doubles to 1.882, then Re will be:

Re = 6% + (1.882 x 8.5%) = 22%

new market price of the stocks = $7 / 22% = $31.818 = $31.82

5 0
4 years ago
Which of the following statements is correct concerning product​ costs? A. Product costs are shown with current liabilities on t
Brut [27]

Answer: D. Product costs are expensed in the period the related product is sold

Explanation:

The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.

It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.

5 0
3 years ago
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