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astraxan [27]
3 years ago
7

Swifty Corporation developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-val

ue(LCNRV) basis in valuing inventories: Product Cost Market A $87000$91000 B 6100058000 C 122000123000 After Swifty Corporation applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
Business
1 answer:
Hitman42 [59]3 years ago
5 0

Answer:

the inventory value is $267,000

Explanation:

As we know that the inventory is valued at cost or market whichever is lower

As seen from the given information, the lesser value for all products are

Product A   $87,000

Product B   $58,000

Product B   $122,000

So, the total is

= $87,000 + $58,000 + $122,000

= $267,000

hence, the inventory value is $267,000

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Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ___
cluponka [151]
It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase
5 0
3 years ago
​_____________________ direct(s) its marketing activities​ (primarily advertising, consumer​ promotion, and direct and digital​
asambeis [7]

Answer: (E) Pull strategy

Explanation:

 The pull strategy is one of the type of technique that basically used for attract the customers for buying the products and the services by using the promoting or the advertising strategies.

 By using the various types of pull tactics we draw attention of the customers towards the products.

The main advantage of the pull strategy is that in this we use the various types of promotion strategy and the digital media for marketing our brands and products.

Therefore, Option (E) is correct.  

8 0
3 years ago
Suppose a perfectly competitive market is suddenly transformed into a monopoly (all competing firms are consolidated into a sing
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just you know what it must be that i think

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5 0
3 years ago
An equal partnership is formed by Rita and Gerry. Rita contributes cash of $10,000 and a building with a fair market value of $1
erastova [34]

Answer:

Rita's basis in her partnership interest is $35000

Explanation:

given data

cash = $10,000

fair market value = $150,000

adjusted basis = $55,000

liability = $60,000

to find out

Rita's basis in her partnership interest

solution

we know both Rita and Gerry half of total liability

we get here 50% share on debt that is

50% share on debt = 50% × liability

50% share on debt = 0.50 × $60,000

50% share on debt = $30000

so basis on interest is here as

basis on interest = cash + adjusted basis - 50% share on debt

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7 0
4 years ago
Larkspur, Inc. uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below.Date Numer of Units U
user100 [1]

Answer:

Following are the solution to this question:

Explanation:

Calculating the cost of the product sold:

FIFO:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27: 23 units costing of \$ 10 each = 230

             13 units costing of \$ 15 each = 195

                                                                \$425

Total cost of product sold= \$655

LIFO:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27:  36 units costing of \$15 each = 540

                   Total cost of product sold = \$ 770

Average cost:

June 1:  23 units costing of \$ 10 each = \$ 230

Aug 27:  36 units costing of \$13.051 each = \$469.836

                  Total cost of product sold = \$699.836

7 0
4 years ago
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