Answer:
$52,860
Explanation:
The computation of the ending inventory using the lower of cost or market method is shown below:
Product Cost Net realizable value Lower of cost or NRV
RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800 $22,800
LKW-91247 420 × $47 = $19,740 420 × $40 = $16,800 $16,800
QEC-57429 510 × $26 = $13,260 510 × $32 = $16,320 $13,260
Carrying value of the ending inventory is $52,860
A personal retirement plan in which earnings are taxed at withdrawal is traditional ira. Option A is correct. This is further explained below
<h3>What is a traditional IRA?</h3>
A standard IRA allows individuals to divert pre-tax income into tax-deferred assets.
In conclusion, traditional IRA a personal retirement plan in which earnings are taxed at withdrawal?
Read more about tax
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Answer:
The correct answer is letter "A": imperfect information; thin market.
Explanation:
Liquid markets are those with enough buyers and sellers that keep the balance of supply and demand. The opposite of that scenario is represented by thin markets because they have whether a few buyers or a few sellers.
Thin markets are mostly caused by imperfect information allowing only a reduced number of buyers or sellers having enough resources to correctly make transactions. Price spreads are usually larger in thin markets.
Answer:
C) says there is a one for one adjustment of the nominal interest rate to the inflation rate.
Explanation:
The Fisher Effect is an economic theory that explains the relationship between interest rates and inflation rates. It states that real interest rate equals nominal interest rate minus inflation rate.
If inflation increases, then the real interest rate will decrease unless the nominal interest rate increases proportionally to the inflation rate.
Answer:
Predetermined manufacturing overhead rate (Activity 2) = $10.25 unit of activity
Explanation:
Giving the following information:
Activity 2 $ 18,450 1,100 700 1,800
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 18,450 / 1,800
Predetermined manufacturing overhead rate= $10.25 unit of activity