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
expeople1 [14]
3 years ago
6

Chester Corp. ended the year carrying $18,711,000 worth of inventory. Had they sold their entire inventory at their current pric

es, how much more revenue would it have brought to Chester Corp.
Business
1 answer:
blondinia [14]3 years ago
3 0

Answer:

Chester Corp.

Had they sold their entire inventory at their current prices, the revenue that it would have brought to Chester Corp. is:

= $18,711,000.

Explanation:

a) Data:

Ending inventory at year-end = $18,711,000 at current prices

b) The current price represents the market value of each item of inventory being held by Chester Corp at the end of the year.  It is the price at which an item will be sold in the open market.  This implies that the revenue that would have been generated from the sale of the inventory will be equal to the carrying value of the ending inventory.

You might be interested in
What would be a best practice when managing the merchandise at a store?
lina2011 [118]

Explanation:

A.

make sure that all products are bought from the same vendor

B.

make sure that products displayed (sold) near each other are of similar categories

C.

make sure that the merchandise is only available to a few elite sections of society

D.

make sure that the products are kept clustered together at the center of the store

5 0
2 years ago
Estimating your expenses means ​
natka813 [3]
It Means you’re staying up-to-date on what you pay for and what leftover money you will have possibly?
3 0
4 years ago
Read 2 more answers
Can a Marginal cost curve NOT be U shaped?
pogonyaev

Answer:

The marginal cost curve is usually U-shaped. Marginal cost is relatively high at small quantities of output; then as production increases, marginal cost declines, reaches a minimum value, then rises.

Explanation:

N/A

8 0
2 years ago
Products of the mind, such as computer software, a screenplay, a music score, or the chemical formula :
gizmo_the_mogwai [7]

Answer: Intellectual property

Explanation:

Intellectual property is a property that is the result of the creativity of an individual or firm. Intellectual property is a form of property that includes the intangible developments of the human intellect.

Stealing of another person's or firm's intellectual property is a crime and is punishable. There are different types of intellectual property. The well-known types are patents, copyrights, trade secrets, and trademarks.

3 0
3 years ago
Read 2 more answers
In a command economy do highly skilled workers earn more, less, or the same as low-skilled workers?
Scilla [17]
In a command economy, depending on most of the businesses, consumers can either buy more, or buy less than they would in a different economy. But because of the fluctuation businesses experience with their profit rates and so on, highly skilled workers are paid the same as low-skilled workers.
7 0
3 years ago
Other questions:
  • Which best demonstrates how successful Google has been at establishing a well-known brand?
    10·1 answer
  • As you and your partner report for duty, you check your ambulance and begin talking about the possibility of a terrorist attack.
    10·1 answer
  • Xun, Yue and Zhuo have interests in XYZ Partnership. Partnership income for the year is $350,000. The partnership agreement spec
    11·2 answers
  • You are leading your organization's effort to purchase and install new accounting software. The project will cost an estimated $
    15·1 answer
  • An investment of ​$110 comma 000110,000 was made by a business club. The investment was split into three parts and lasted for on
    14·1 answer
  • Fewer children are interested in learning how to play a musical instrument, and young people have less interest in owning cars.
    13·1 answer
  • The owner of a building supply company has requested a cash budget for June. After examining the records of the company, you fin
    9·1 answer
  • Allied In. bought a two-year insurance policy on August 1st for $3,600. What's the adjusting journal entry on December 31st?
    12·1 answer
  • Douglas, Inc., employs a normal costing system. The following information pertains to the year just ended. Total manufacturing c
    11·1 answer
  • X³+y³=<br> pls answer correctly
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!