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yulyashka [42]
3 years ago
13

Applying the lower of cost or market method, the reported value of this company's ending inventory if LCM is applied to individu

al items is _____.
Business
1 answer:
Naddik [55]3 years ago
7 0

Answer: $870

Explanation:

Using the lower of cost or market method, the prices the items will be recorded at will be:

  • Item 1 = $45 market price
  • Item 2 = $60 cost price
  • Item 3 = $25 market price

The total inventory will therefore be:

= Total value of item 1 + total value of item 2 + total value of item 3

= (45 * 5) + (60 * 7) + (9 * 30)

= 225 + 420 + 225

= $870

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Trading centers in other countries helped the mother country in all of the following ways except for...

Answer: Out of all the options that are shown above the one that is not a way that trading centers helped the mother country is answer choice A) becoming more self-sufficient.

I hope it helps, Regards.
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3 years ago
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An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling ca
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1 year ago
Jacob is the owner of a film production company. He promotes a healthy work-life balance for his employees. He also encourages t
babymother [125]

Answer:

The country club style.

Explanation:

The country club style is a leadership style in which there is a high concern for people and low concern for the results which means that the manager is interested in his employees' needs and believes that they will work hard if they are in a good working environment. In terms of results, this tends to be a style in which the manager is relaxed and productivity can be low because there isn't a lot of control. According to this, the leadership style that Jacob is using in this scenario is the country club style because he believes that a healthy work environment is important and he doesn't do anything when his employees miss their deadlines.

6 0
3 years ago
In the United States, about $5,200 per person per year is spent on health care, while in Britain the amount is about half that.
riadik2000 [5.3K]

Answer:

The answer is: C) The money spent on health care in the United States is not being used effectively.

Explanation:

American citizens spend twice as much as British citizens on health care per year. Even if certain diseases are more common in the US than in Britain, the overall cost of health care is too expensive in the US (100% difference) to be explained by a greater prevalence of just one or two diseases.

The only possible explanation is that the American health care system is not as efficient as the British health care system, therefore health care is more expensive.

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2 years ago
In the current year, Crimson, Inc., a calendar C corporation, has income from operations of $180,000 and operating deductions of
Sergeu [11.5K]

Answer:

The answer is: D) Crimson’s dividends received deduction is $21,000

Explanation:

The dividends received deduction (DRD) allows a company that earns dividends from another company, to deduct those earnings (dividends) from its income tax.

The three tiers of possible deductions are:

  1. If the company owns ≤20% of the second company, it can deduct 70% of the dividends received.
  2. If the company owns ˃20%  but ≤80% of the second company, it can deduct 80% of the dividends received.
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Since Crimson owned 15% of the second company, then it can deduct 70% of the dividends it received, which equals $21,000 ($30,000 x 70%).

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3 years ago
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