Answer:
790,000, i.e. $79 x 10,000= 790,000
. Yes, the manufacturer should change the design. 666,667 (when it goes from 1/10,000 to 1/15,000). It is 500,000 (when it goes from 1/10,000 but 1/20,000)
. No, the benevolent social planner would not agree with the manufacturer's decision.
Explanation:
In the estimates provided by the manufacturer, the total cost of the design is equivalent to $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.
A Purchasing Specialist is sometimes referred as a
This is because they're responsible for purchasing/procuring supplies.
They relatively have the same roles, however, occasionally referred to by different names.
Therefore, all of the possible referred answers are going to be correct.
The only differences are going to be the names.
Answer:
13.98%.
FV = 1100, n = 3, PMT = 100, PV = -975, i = 13.98%.
Answer:
$163
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value. The net realizable value is the difference between the cost and cost to sell.
Given;
Surgical Equipment Surgical Supplies Rehab Equipment Rehab Supplies Selling price $ 265 $ 132 $ 352 $ 159
Cost $ 163 $ 100 $ 252 $ 159
Costs to sell $ 26 $ 11 $ 32 $ 7
Net realizable $ 239 $ 121 $ 322 $ 152
Applying the lower of cost or net realizable value rule, the inventory of surgical equipment would be valued at
= $163