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adell [148]
3 years ago
14

In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit in

ventory price in the following cases.
Cases
1 2 3 4 5
Cost $15.90 $16.10 $15.90 $15.90 $15.90
Sales price 14.80 19.20 15.20 10.40 17.80
Estimated cost to complete 1.50 1.90 1.65 .80 1.00
Estimated cost to sell .50 .70 .55 .40 .60
Business
1 answer:
Zepler [3.9K]3 years ago
3 0

Answer:

1   $12.80

2   $16.10

3   $13.00

4   $9.20

5   $15.90

Explanation:

The unit value of inventory is to be valued  the lower of cost price and net realizable value.

Cost is the original purchase price while the net realizable value is the estimated selling price less of costs to complete and costs to sell as computed in the attached file.

Download xlsx
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a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​
kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

5 0
2 years ago
What is a good way to use a cover letter to start a two-way conversation with a potential employer?.
Cerrena [4.2K]

A good way to use a cover letter to start a two-way conversation with a potential employer is:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

<h3>What is a cover letter?</h3>
  • A letter of introduction that is connected to or is included with another document, such as a resume or curriculum vitae, is known as a cover letter, cover letter, inspiration letter, motivating letter, or letter of motivation.
  • You should address two primary points in your cover letter: why you are the ideal candidate for the position, and why you are enthusiastic about working for the organization.
  • Your cover letter should primarily consist of factual information without any filler or stereotypes.

A good way to use a cover letter to start a two-way conversation with a potential employee:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

Therefore, a good way to use a cover letter to start a two-way conversation with a potential employer is:

  • Demonstrate excitement for the business.
  • Accentuate a shared link.
  • Start with a noteworthy accomplishment.
  • Bring up a noteworthy topic.
  • Show enthusiasm for what you do.
  • Tell a unique tale.
  • Start with a statement of belief.

Know more about a cover letter here:

brainly.com/question/3602860

#SPJ4

3 0
11 months ago
If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of
FrozenT [24]

Answer:

2000000

Explanation:

because that is what is left

5 0
2 years ago
A company's current assets are $30000 and current liabilities are $19000. Calculate the company's current ratio as a percentage.
drek231 [11]

Answer:

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

The current ratio of 157.89% means that the company has 157.89% of current assets to pay off 100% or all of its current liabilities. To understand it better, we can say that to pay off every $1 of current liability, the company has $1.5789 of current assets. Thus, the company has enough current assets to pay off its current liabilities.

Explanation:

The current ratio is a measure of liquidity of a business. It is calculated by dividing the current assets by the current liabilities of the company. To express current ratio in a percentage form, we use the following formula,

Current Ratio (in %) =  [Current Assets / Current Liabilities] * 100

Current Ratio (in %) = [30000 / 19000] * 100

Current Ratio (in %) = 157.89473684211%  rounded off to 157.89%

5 0
3 years ago
Read 2 more answers
Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $1,200,000. According to indepen
bezimeni [28]

Answer:

Initial valuation of the building A=$540000

Initial valuation of the building B=$300000

Initial valuation of the land=$360000

Explanation:

First,we will calculate the total fair value of all assets:

Total fair value of assets=Fair value of building A+Fair value of building B+Fair value of land

Total fair value of assets=$585,000+$325,000+$390,000

Total fair value of assets=$1,300,000

Initial valuation of the building A= \frac{Fair\ value\ of\ building\ A}{Total\ Fair\ value} *lump-sum

Initial\ valuation\ of\ the\ building\ A=\frac{\$585,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ A=\$540000

For building B:

Initial\ valuation\ of\ the\ building\ B=\frac{\$325,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ B=\$300,000

For Land:

Initial\ valuation\ of\ the\ building\ land=\frac{\$390,000}{\$ 1,300,000}*\$1,200,000\\Initial\ valuation\ of\ the\ building\ land=\$360000

Check of answer;

Sum of all initial Values= Lump-Sum

$540000+$300000+$360000=$1,200,000

$1,200,000=$1,200,000

5 0
3 years ago
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