1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Amanda [17]
4 years ago
5

At the end of the year, inventory has a cost of $200,000 and a net realizable value of $195,000 due to normal business circumsta

nces. Prepare the year-end adjusting entry, if any, for inventory using the lower of cost or net realizable value approach. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
pishuonlain [190]4 years ago
4 0

Answer:

The answer is given below;

Explanation:

The adjusting entry will be;

Income Statement             Dr.$5,000

Inventory                             Cr.$5,000

As the NRV is less than cost,therefore difference amount will be charged to profit and loss account.

You might be interested in
A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department sto
sweet-ann [11.9K]

Answer:

C. Job - order costing

Explanation:

Job - order costing -

It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .

The agency that will advertise accumulates its cost through the client .

The method of job - order costing is the most apt system for a non - manufacturing firms .

Hence , from the data of the question , the correct answer is ( C ) Job - order costing .

8 0
3 years ago
The writing for a proposal should ?
dedylja [7]

Answer:

B (I Think)

Explanation:

3 0
3 years ago
Read 2 more answers
A customer purchases $100,000 of municipal bonds at 40% in a margin account. The customer must deposit:_______
miss Akunina [59]

Answer:

customer must deposit $8000

Explanation:

given data

purchases bonds = $100,000

margin = 40%

solution

As we know minimum maintenance requirement set by Financial Industry Regulatory Authority is the great than 7% of face amount or 20% of the market value

and margins is minimums set by exchange

so bond is purchased at 40% is

bond purchase = 40% × $100,000  = $40000

and 20% of $40,000 is = $8,000

and 7 % of $100,000 is = $7,000

so greater amount is $8,000

so customer must deposit $8000

8 0
4 years ago
Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equality. It has a before-tax cost o
ioda

Answer:

Raising the Funds through Retained Earnings

WACC = Ke(E/V) + Kp(P/V) + Kd(D/v)(1-T)

WACC = 14.7(0.36) + 12.2(0.06) + 11.1(0.58)(1-0.40)

WACC = 5.292 + 0.732 + 3.8628

WACC = 9.89%

Raising New Equity

WACC = Ke(E/V) + Kp(P/V) + Kd(D/v)(1-T)

WACC = 16.8(0.36) + 12.2(0.06) + 11.1(0.58)(1-0.40)

WACC = 6.048 + 0.732 + 3.8628

WACC = 10.64%

Difference in WACC = 10.64% - 9.89%

                                  = 0.75%

Explanation:

WACC equals cost of equity multiplied by proportion of equity in the capital structure plus cost of preferred stock multiplied by proportion of preferred stock in the capital structure plus after-tax cost of debt multiplied by proportion of debt in the capital structure.

In this case, there is need to calculate WACC if funds were raised through retained earnings and WACC if funds were raised through new common stock. Then, we will determine the difference in WACC.

5 0
3 years ago
1. under audience, in the demographics overview report, which age group brought in the highest number of users? help 18-24 25-34
vaieri [72.5K]

The 25-34 age group brought in the highest number of users in the Delhi region brought in the highest number of users. The correct options are B and D respectively.

<h3>How does age influence perception?</h3>

Previous research has found that older adults have impaired social perception of faces, including emotion and facial identity. The majority of this research has focused on task performance with young adult faces and prototypical emotions.

Age groups are critical initial data for compiling complete mortality tables and calculating such an important general demographic indicator as average life expectancy.

Thus, the ideal selections are options B and D respectively.

Learn more about Age group here:

brainly.com/question/28213404

#SPJ1

7 0
1 year ago
Other questions:
  • (8 points) Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic compe
    10·1 answer
  • 1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a r
    14·1 answer
  • The concept of an "artificial being: refers to which form of business organization?
    10·1 answer
  • If a culture is described as valuing harmony, interdependence, fitting in, and social responsibility, it is likely:
    5·2 answers
  • If a loan is risky and extends for more than a year what will a lender ask for
    8·1 answer
  • Which slogan is an example of corporate advertising rather than brand advertising?
    5·1 answer
  • A company sold merchandise with a cost of​ $217 for​ $390 on account. The seller uses the perpetual inventory system. The entry
    12·1 answer
  • All the following statements about residual value guarantees are correct about residual value guarantees, except that they:
    6·1 answer
  • If these patterns hold for decreases as well as for increases, by how much would the value of the financial securities decline i
    13·1 answer
  • Please subscribe to my mom channel please<br><br>​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!