Answer:
the inventory be reported at on the December 31 balance sheet is $828,000
Explanation:
Here the inventory should be recorded at lower of cost or net realizable value
Since the cost per unit is $46
And, the net realizable value is $48
So, the lowest cost per unit is $46
Now the ending inventory reported is
= 18,000 units × $46 per unit
= $828,000
hence, the inventory be reported at on the December 31 balance sheet is $828,000
Agricultural markets. In some cases, there are several farmers selling identical products to the market, and many buyers. ..
Answer:
It can help in many ways one way being they can hold or help hold events in the community.
Explanation:
Answer:
"$224,000" is the correct solution.
Explanation:
The given values are:
Corporation purchased percentage,
= 25%
Original investment,
= $210,000
Short's net income,
= $80,000
Paid cash dividend,
= $24,000
Now,
The share of net income will be:
= ![25 \ percent\times 80,000](https://tex.z-dn.net/?f=25%20%5C%20percent%5Ctimes%2080%2C000)
= ![0.25\times 80000](https://tex.z-dn.net/?f=0.25%5Ctimes%2080000)
=
($)
The cash dividend will be:
= ![25 \ percent\times 24,000](https://tex.z-dn.net/?f=25%20%5C%20percent%5Ctimes%2024%2C000)
= ![0.25\times 24,000](https://tex.z-dn.net/?f=0.25%5Ctimes%2024%2C000)
=
($)
hence,
On December 31, 2021, the balance will be:
= ![Original \ investment+Net \ income \ share+Cash \ dividend](https://tex.z-dn.net/?f=Original%20%5C%20investment%2BNet%20%5C%20income%20%5C%20share%2BCash%20%5C%20dividend)
= ![210,000+20,000+6,000](https://tex.z-dn.net/?f=210%2C000%2B20%2C000%2B6%2C000)
= ![230,000-6,000](https://tex.z-dn.net/?f=230%2C000-6%2C000)
=
($)
Answer:
committed the fallacy of avoiding the issue.
Explanation:
The fallacy of avoiding the issue is also called the fallacy of irelevant conclusion or a red herring.
It occurs when an individual avoids dealing with an issue that he has a problem with.
In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.
Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.
He is not addressing the main issue