When problem-solving, a person should ask:<br> who.<br> how.<br> where.<br> why

has an inventory of 500 obsolete remote entry keys that are carried in inventory at a manufacturing cost of $ 80 comma 500. Prod

Slav-nsk [51]

Answer:

Remote enter keys shall be further processed in order to decrease the amount of loss by $11,000.

Explanation:

As in the given case,

Number of units = 500

Carrying cost = $80,500

Cost per unit = 80,500/500 = $161

In case of scrap for the price of $4,000

Scrap price per unit = $4,000/500 = $8

Thus, loss per unit in case of scrap = $161 - $8 = $153

In case inventory is further processed

Total cost = $80,500 + $19,000 = $99,500

Cost per unit = $99,500/500 = $199

Revenue earned = $34,000

Revenue per unit = $34,000/500 = $68

Thus, loss per unit in case of further processing = $199 - $68 = $131

Therefore the inventory shall be processed in order to save the total loss of $153 - $131 = $22 per unit

Total loss saved = $22 $\times$ 500 = $11,000

3 0

4 years ago

Tune Store reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end invento

Genrish500 [490]

Answer:

inventory impairment/cost of good sold (p/l) $500

Explanation:

IAS 2 requires that inventory be initially recognized at cost including cost of purchase and other necessary cost incurred in getting the inventory to the location where it becomes available for sale.

Subsequently, the item of inventory is carried at the lower of cost or net realizable value (NRV).

Quantity Unit Cost Unit NRV Lower of cost/NRV Amount

Model A 100 $100 $ 120 $100 $10,000

Model B 50 $50 $ 40 $40 $2,000

Model C 20 $200 $210 $200 $4,000

Adjustment required = 50 ($50 - $40)

=$500

This posted as

Debit inventory impairment/cost of good sold (p/l) $500

Credit Inventory account $500

5 0

4 years ago

Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform

Nuetrik [128]

This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings. You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations. However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in. For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic. We in turn also placed bans on importing beef from the UK.

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).

5 0

4 years ago

why school cant just end why cant we have a president that stops school im not learning anything anyway

gavmur [86]

Answer:You are so right I can't learn anything either Good day

Explanation:YOU CHOOSE THE SMARTEST

5 0

3 years ago

Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218

PIT_PIT [208]

Answer:

The correct answer is option (A) $519,799.59.