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
alina1380 [7]
2 years ago
9

On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The sel

ling price was $86 per unit. On December 30, the net realizable value was $48 per unit. At what amount should the 18,000 units of inventory be reported at on the December 31 balance sheet
Business
1 answer:
Maksim231197 [3]2 years ago
6 0

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

You might be interested in
My answer c not sure
AleksandrR [38]
A is your answer so then there is less supply than there is demand.
8 0
2 years ago
Market segmentation is
Juli2301 [7.4K]

Answer: Option (a) is correct.

Explanation:

Correct Option: Breaking down a large, heterogeneous market into sub markets that are more homogeneous.

Market segmentation is a process or procedure for dividing a large consumer market into sub markets or sub groups and this segmentation is on the basis of consumer's characteristics such as needs, location, interests.

It creates an advantage for the marketer because these market segments makes the job of marketers easier. It also reduce the risk of unsuccessful and unwanted marketer campaigns.

6 0
3 years ago
The capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250,000 gallons per year is $2,000,000. Th
GenaCL600 [577]

Answer:

$2,740,251.24

Explanation:

Applying power sizing technique or an exponential model to determine the cost of new boiler.

This model identify the cost variation along with change in capacity or power of the equipment.

\frac{C_{A} }{C_{B} } =(\frac{S_{A}}{S_{B}})^{x}

Where,

Cb = Cost of new plant

Sa = capacity of new plant

Sb = capacity of old plant

x = cost capacity factor

Therefore,

\frac{C_{A}}{2,000,000} =(\frac{400,000}{250,000})^{0.67}

C_{A}=2,000,000\times\frac{400,000}{250,000}

               = 2,000,000 × 1.3701

               = $2,740,251.24

5 0
3 years ago
The two regions with the highest risk of social unrest are:
Serggg [28]

Answer:Sub-Saharan Africa and the middle East-North Africa region.

Explanation: Over the past two decades their have been lot of social unrest in the middle East, Sub-Saharan Africa and North African chiefly due to activities of Religious extremists and rebel groups, For instance, in Nigeria (which is in Africa) there have been activities of Boko haram terrorist group which have displaced a lot of people living in the affected states and causing death and injury of many. Also, Syria suffered unrest due to activities of rebellious groups. All these activities and more puts these region at a very high risk of social unrest .

6 0
3 years ago
Read 2 more answers
Keene, Inc. produces flash drives for computers, which it sells for $20 each. Each flash drive costs $6 of variable costs to mak
kodGreya [7K]

Answer:

The break even level of units per month fall by 16 units.

Explanation:

The current breakeven units per month are,

Break even in units = 5600 / (20 - 6)  

Break even in units-March = 400 Units

The fixed costs remain constant in the short run to a certain activity level so assuming that the fixed costs will remain $5600.

The new variable costs will be 6 * 0.9 = $5.4

Assuming everything else remains constant,

The new break even in units per month = 5600 / (20 - 5.4)

New break even in units = 383.56 rounded off to 384 units

As a result of decrease in the variable cost per units, the new break even point becomes 16 units less than the previous one.

4 0
3 years ago
Other questions:
  • Powell Company began the Year 3 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retain
    14·1 answer
  • A machine purchased 1 year ago for $85,000 costs more to operate than anticipated. When purchased, the machine was expected to b
    10·1 answer
  • Which of the following statements is true of the social responsibilities of a business? Multiple Choice Legal responsibilities a
    11·1 answer
  • The mission statement of your business should contain all of the following elements except the
    7·2 answers
  • On January 1, 2020, Pearl Company sold 11% bonds having a maturity value of $400,000 for $415,163, which provides the bondholder
    9·1 answer
  • he HR department at Bailey Services is considering offering telecommuting as an option to some experienced employees. At a meeti
    11·2 answers
  • 1. Use a financial calculator or computer software program to answer the following questions:
    7·1 answer
  • What is not part of all contracts?
    10·2 answers
  • Assume that you purchase a 6-year, 8% certificate of deposit for $1,000. If interest is compounded annually, what will be the va
    11·1 answer
  • A ________Blank identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use, th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!