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Nina [5.8K]
3 years ago
9

Given the acquisition cost of product Z is $43, the net realizable value for product Z is $37, the normal profit for product Z i

s $2, and the market value (replacement cost) for product Z is $38, what is the proper per unit inventory value for product Z applying LCM? $37. $35. $38. $43.
Business
1 answer:
Gnom [1K]3 years ago
7 0

Answer:

proper per unit inventory value for product Z applying LCM is $38

Explanation:

given data

cost of product Z  = $43

net realizable value product Z = $37

normal profit for product Z = $2

market value product Z = $38

solution

first we get here difference between Net realizable value and  profit that is

Net realizable value - normal profit

= $37  - $2

= $35

so here now we get proper per unit inventory is

proper per unit inventory = lower of cost or market value

so here market value product Z is lower so

proper per unit inventory value for product Z applying LCM is $38

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Newtown Propane currently has $490,000 in total assets and sales of $1,820,000. Half of Newtown’s total assets come from net fix
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Answer:

c. $1,936,170

Explanation:

Additional assets required to support this sales growth = Growth * Total assets

Additional assets required = 19% * $490,000

Additional assets required = $93,100

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Sales at 100% capacity = $1,820,000 / 0.94

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5 0
3 years ago
A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate <$
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Answer:

Taxable income = $240,000

Amount payable = $64,850

Explanation:

As per the data given in the question,

Taxable income :

Gross revenue = $400,000

Total cost = $100,000

Net profit = $400,000 - $100,000 = $300,000

Allowable tax deduction = $60,000

Taxable income = $300,000 - $60,000

= $240,000

Tax to be paid :

Computation of tax       Amount to be taxed           Rate            Tax

$50,000                                 $50,000                        15%            $7,500

$50,000 to $75,000             $25,000                        25%           $6,250

$75,000 to $100,000           $25,000                         34%           $8,500

More than $100,000             $140,000                       39%           $54,600

Total tax                                                                                           $76,850

Amount payable = Total tax - Tax credit

= $76,850 - $12,000

=$64,850

3 0
3 years ago
Why is important business plan ensure the success of the business ​
vlada-n [284]

Answer:

because it's will Ganna give you a business

8 0
3 years ago
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Aleksandr-060686 [28]

Answer:

The correct answer is letter "C": Financing activities.

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Financing activities refer to all funds a company obtains from outside resources of the firm to keep the business up and running or to invest in new ventures that could represent profit opportunities. By doing this, the firm acquires creditors affecting its long-run liability and equity.

5 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For the month of March, the company
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Answer:

Total variance= 391 unfavorable

Explanation:

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Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For March, the company planned for activity of 632 frames, but the actual level of activity was 639 frames. The actual supplies cost for the month was $9,340.

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Real= 9,340

Total variance= real - estimated

Total variance= 9,340 - 8,949= 391 unfavorable

4 0
3 years ago
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