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
Taya2010 [7]
3 years ago
7

Jones Retail. had the following balances and transactions during 2017:

Business
1 answer:
Elina [12.6K]3 years ago
7 0

Answer:

B $1,625

Explanation:

The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:

The ending inventory units = Beginning inventory + purchase of inventory - selling units

= 15 units + 35 units - 25 units

= 25 units

So, the cost of ending inventory = ending inventory units × purchase price

= 25 units × $84

= $2,100

And, the market value equal to

= ending inventory units × replacement cost

= 25 units × $65

= $1,625

Based on the lower-of-cost-or-market value, the ending inventory would be $1,625

You might be interested in
In the contracting process, a licensee must be careful to:__________
olasank [31]

Answer:

c. drafting a contract illegally.

Explanation:

In the contracting process, a licensee must be careful to drafting a contract illegally. The licensee can be defined as an individual or group of people holding a license given to them by an authority or authorized agencies, to engage legally in an activity.

Hence, it is required by law that whatever the licensee does after the acquisition of a license must be legal and not a violation of standard rules, and policies of the state or society. Licensee are to abide by the terms and conditions of the license.

7 0
3 years ago
When does the Murderer strike?<br><br><br><br><br><br><br> The ANS is , .
OleMash [197]

Answer:

at midnight

Explanation:

7 0
3 years ago
When individuals use all available information about an economic variable to make a decision, expectations are?
monitta

when individuals use all available information about an economic variable to make a decision, expectations are   -rational

What is economic variable?

An economic variable is any measurement that helps to consider how an economy may function . for instance  population, poverty rate, inflation, and available resources.

What are the five economic variables?

There are 5 common economic variable that are considered :

output, gross domestic product ( GDP ), production, income, and expenditures.

What factors cause economic growth?

Basically , there are two main cause  of economic growth: growth in the size of the workforce and growth in the production activity (output per hour worked) of that workforce.

Learn more about economic variable:

brainly.com/question/14980411

#SPJ4

7 0
10 months ago
What gives rise to the problem of scarcity​
dem82 [27]

Answer:

Explanation:

Often scarcity is caused by a combination of demand and supply induced effects. A rise in demand, e.g. due to rising population causes overcrowding and population migration to other fragile ecological areas

5 0
2 years ago
What kind of structures must a cell have that would be analogous to a modern business?
Elanso [62]

Answer:

I might be wrong but I beleive the answer is cytoskeleton

6 0
2 years ago
Other questions:
  • What is the main reason for establishing an organizational structure
    8·1 answer
  • BUSINESS LAW
    11·1 answer
  • Which of the following is considered a "diversified" investment?
    14·1 answer
  • Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com
    6·1 answer
  • Segundo o autor Gilson Schwartz, em seu livro As profissões do futuro, e sua concepção de Mercado de trabalho contemporâneo, pod
    9·1 answer
  • Explain why the bank has asked to see your business financial records?​
    7·1 answer
  • Which of the following statements is TRUE? *
    13·1 answer
  • 50 - 3 = i bored wanna talk :)
    5·2 answers
  • A hurricane has recently disrupted supply chains and manufacturing plants in the Southeastern United States. How would this
    6·1 answer
  • Labor costs charged to manufacturing overhead represent ______ labor costs.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!