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adell [148]
4 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]4 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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Gilberto Company currently manufactures 75,000 units per year of one of its crucial parts. Variable costs are $2.45 per unit, fi
Arisa [49]

Answer:

$2,000

Explanation:

The total incremental cost of making 75,000 and buying 75,000 units.

3 0
3 years ago
An investment offers a total return of 13.8 percent over the coming year. You believe the total real return will be only 9.4 per
Ahat [919]

Answer:

you would believe that the exact inflation rate will be 4.02% for the next year.

Explanation:

exact inflation rate = (1 + nominal return)/(1 + real return) -1

                                = 1.138/1.094 -1

                                = 4.02%

Therefore, you would believe that the exact inflation rate will be 4.02% for the next year.

5 0
3 years ago
In order to properly record a direct-financing lease, the lessor needs to know how to calculate the lease receivable. The lease
vova2212 [387]

Answer:

3. the difference between the lease payments receivable and the fair value of the leased property.

Explanation:

The lessor should remove the book value of the asset from its balance sheets and replace it with the amount that he will receive. To do this, the lease receivable in a direct-financed lease is best defined as the differences between the receivable lease payments less the book value of the asset when it was sold.

5 0
3 years ago
The pair of items that is most likely to have a negative cross-price elasticity of demand is
blagie [28]
That would be coffee & tea.
6 0
4 years ago
what criteria would a private, nonprofit university follow in determining whether to recognize donated services revenue? select
blondinia [14]

The criteria would a private, nonprofit university follow in determining whether to recognize donated services revenue both a and b.

What is revenue?

Revenue is the cash that a firm generates via its operations. Depending on the accounting technique used, there are several ways to compute revenue. Sales made on credit will be included as revenue for products or services provided to the client under accrual accounting. Revenue may be recognized in accordance with certain standards even though payment has not yet been made.

The cash flow statement must be examined in order to determine how well a business collects debts. Contrarily, cash accounting only counts sales as income when money has been exchanged. A "receipt" is a payment made to a business; receipts can exist without income.

To learn more about revenue

brainly.com/question/29247012

#SPJ1

5 0
1 year ago
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