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
rjkz [21]
3 years ago
13

The balance sheet value of a firm's inventory is $50,000. Suppose that the firm purchases supplies at a cost of $4,000 and adds

them to inventory. A day later, the market value of the recently purchased supplies changes to $2,500. Assuming no other changes to inventory, and using the historical cost method, what is the final balance sheet value of inventory?
Business
1 answer:
IRINA_888 [86]3 years ago
5 0

Answer:

$54,000

Explanation:

Since it is given that the inventory of the firm in the balance sheet is $50,000 and the purchase cost of supplies is $4,000 that is added in inventory

Also the market value of the inventory i.e. currently purchased is $2,500

That represents it changes rapidly

So here by using the historical method, the final amount of inventory that should be reported in the balance sheet is

= $50,000 + $4,000

= $54,000

The same is to be considered

You might be interested in
A taxpayer understated the tax liability by $10,000. The total tax liability was $50,000. No disclosure of the return position w
posledela

Answer:

2,000

Explanation:

To calculate how much of an accuracy related penalty the tax payer will be assessed, we use the following method.

3 0
3 years ago
Which of the following is a suggested policy on executive smartphone use?
azamat

Answer:

B. all of the above

Explanation:

Suggested policy on executive smartphone use:

  • Smartphone configuration and archiving policies.
  • A mandatory password requirement for smartphones.
  • A stated policy on deleting messages on smartphones
3 0
3 years ago
Why is high quality bond typically considered a lower risk investment than a stock
Solnce55 [7]
A bond typically pays a fixed, predictable amount of interest each year.
8 0
4 years ago
Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred
gregori [183]

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A                                                   $50,000

Dept B                                                    $10,000

Direct Labor

Dept A      ($80,000 x 1/2)                   $40,000

Dept B                                                   $60,000

Manufacturing Overheads

Dept A                                                   $80,000

Dept B   ($60,000 x 50%)                    $30,000

Total                                                     $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

8 0
3 years ago
A Profit and Loss (P&L) statement is an essential part of determining how a business is doing. Imagine that the following re
Kobotan [32]

Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes.

<h3>What is marketing?</h3>

Marketing simply means the prices of exploring, and delivering value in order to meet the needs of the target market.

Based on the information given, since the person will spend more on marketing, the product that should be emphasized will be cupcakes. This is because the $800 that it paid more can cover the additional expense.

Also, the budget for office supplies and repairs be reduced for the next quarter. This is because they will have already gotten the supplies needed to start up.

Learn more about marketing on:

brainly.com/question/25369230

5 0
3 years ago
Other questions:
  • A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $500 for it. The second type takes 1
    12·1 answer
  • What are two advantages of highly marketable items? a) They wear out quickly and need to be replaced often b) They always have a
    6·1 answer
  • Stan and Heidi are married and both have careers in business. If one of the two were todie, there would be a sudden drop in inco
    11·1 answer
  • A team that has a good plan, but is also willing to adjust their master plan and adapt when conditions call for it demonstrates
    14·2 answers
  • A supplier has offered your company a reduced price per unit for a component part you purchase if you will increase your purchas
    8·1 answer
  • Luke is an ordained minister. Luke's salary from his employing church last year was $31,000. The church did not designate any of
    15·1 answer
  • DO you like Anne with an E?​
    15·2 answers
  • March 15 current year: Erin created a new inventory item named Birdbath April 20 current year: Erin bought 80 bags of mulch for
    10·1 answer
  • e-business is the exchange of goods and services among individuals, typically facilitated by a third party.
    11·1 answer
  • It is important for a good economic model to predict cause and effect so that it can?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!