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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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What problems do you think Hudson will face on entering the European market? Make a list of your ideas then share with your clas
maks197457 [2]

Some problems that Hudson will face when they enter into the European market include:

  • Competition from established industries.
  • Higher cost of establishment.
  • Lower profits or losses in first few years.

<h3>Why will Hudson face these problems?</h3>

Hudson would be going up against already established companies who have a loyal customer base and less costs as they do not need to pay for startup costs.

Hudson will also incur high investment costs in the areas of production and advertisement as they try to establish themselves in the European markets.

As a result of these high costs, Hudson will make losses or low profits as they might not be able to draw enough clientele to cover the cost of setting up in Europe.

In conclusion, Hudson faces several challenges.

Find out more about start up costs at brainly.com/question/13923720.

3 0
3 years ago
RL Photography reported net income of $122,700 for 2014. Included in the income statement were depreciation expense of $7,730, p
jeka57 [31]

Answer:

$142,209

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $122,700

Adjustment made:

Add : Depreciation expense $7,730

Add: Patent amortization expense $4,908

Less: Gain on disposal of plant assets -$4,417

Add: Decrease in accounts receivable $7,362 ($25,767 - $33,129)

Add: Increase in accounts payable $3,926 ($11,288 - $7,362)

Total of Adjustments $19,509

Net Cash flow from Operating activities                  $142,209

6 0
3 years ago
The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. you decide to have a burger
Liula [17]

The correct option is your enjoyment of the bagel

The student center on campus has burritos, bagels, or burgers for lunch, and they all cost the same. You decide to have a burger today, but if they were out of burgers, you would have bought a bagel. Your opportunity cost is your enjoyment of the bagel.

4 0
3 years ago
If you invest $5,000 at the beginning of each month, howmany months will it take for your account to grow to $250,000
mr Goodwill [35]

Answer:

50 Months

Explanation:

If there is no compound interest it would be 50 Months. You would divide 250,000 by 5,000 to get the months.

5 0
2 years ago
3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
Mekhanik [1.2K]

Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

3 0
3 years ago
Read 2 more answers
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