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artcher [175]
3 years ago
7

Nelson Corporation sells three different products.The following inventory information is available on December 31: Ch6_Q150 Afte

r applying the lower of cost or market (LCM) rule to inventory, what amount should Nelson report for total ending inventory on its Dec. 31 balance sheet
Business
1 answer:
irga5000 [103]3 years ago
4 0

Answer:

$4,300

Explanation:

Calculation for what amount should Nelson report for total ending inventory on its Dec. 31 balance sheet

Total ending inventory=( 200*3.50)+(400*1.50)+ (1,000*3.00)

Total ending inventory=$700+$600+$3,000

Total ending inventory=$4,300

Therefore the amount that Nelson should report for total ending inventory on its Dec. 31 balance sheet will be $4,300

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Far Horizons, Inc. has experienced a lot of absenteeism and turnover among employees, particularly among ethnic and religious mi
ycow [4]

Answer:

Option D. Adjust working hours to accommodate workers' personal needs.

Explanation:

The reason is that discrimination is treating an employee unfairly on basis of employee's religion, color, etc. and treating them by implementation of policies would not make it violate the discrimination act if the company is already struggling hard to better manage the people by adjusting worker's personal needs which means now if they still are absent then they are accountable for their unethical deeds.

3 0
3 years ago
The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road
Mice21 [21]

Answer:

1.

Budgetary fund balance reserved for encumbrances (DR)  $7,200,000

Encumbrances-Capital Project (CR)  $7,200,000

2.

Cash (DR)  $1,200,000

Government Grant (CR)  $1,200,000

3.

Cash (DR)  $6,000,000

Bonds Payable (CR)  $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :  

Budgetary fund balance reserved for encumbrances (DR)  $7,200,000

Encumbrances-Capital Project (CR)  $7,200,000

2. The government grant received will be recorded as :

Cash (DR)  $1,200,000

Government Grant (CR)  $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR)  $6,000,000

Bonds Payable (CR)  $6,000,000

6 0
3 years ago
The two types of distribution channels are direct and ________________.
Umnica [9.8K]
The answer is (Indirect).
8 0
3 years ago
Read 2 more answers
The company has a preponderance of our most popular items
inna [77]

When a company has a preponderance of our most popular items, it implies that the firm has more of that type of product/item than of any other.

<h3>What is  preponderance?</h3>

The word preponderance is said to be superiority in terms of weight, power, vitality, or strength.

It is said to be also when there is an excess of a product or an item in terms of number or quantity.

Learn more about company  from

brainly.com/question/24553900

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2 years ago
In perfect competition, the demand faced by a single firm is perfectly rev: 06_26_2018 Multiple Choice elastic, because the firm
LuckyWell [14K]

Answer:

elastic, because many other firms produce the same standardized product

Explanation:

A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.

A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.

A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.

I hope my answer helps you.

3 0
3 years ago
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