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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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Answer:

The correct answer is letter "C": consultative selling approach.

Explanation:

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3 years ago
New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi
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Answer:

b. $524.94

Explanation:

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4 0
3 years ago
A company bills customers for services provided. the company records this transaction with a:_______
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A company bills customers for services provided. the company records this transaction with a  Debit Accounts Receivable.

A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.

The definition of a customer is a person who purchases products or services at a store, restaurant, or other retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

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Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost​$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile​$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

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3 0
1 year ago
Which of the following is an ethical issue in marketing information
murzikaleks [220]

Answer:

Which of the following is an ethical issue in marketing information  management?

The ethical issue in marketing information management has to do with How to store customers' information securely. This must be done in such a way that customers information are not leaked out in order not to bridge the trust issue entrusted in them by the customer.

Explanation:

6 0
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