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poizon [28]
3 years ago
12

The inventory of Whispering Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Reali

zable Value 110 640 $115.00 $121.00 111 950 72.60 63.00 112 460 96.80 92.00 113 210 205.70 217.80 120 360 248.00 252.00 121 a 1,600 19.00 1.00 122 310 290.40 284.00 a Part No. 121 is obsolete and has a realizable value of $1.00 each as scrap. (a) Determine the inventory as of December 31, 2020, by the LCNRV method, applying this method to each item.
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0

Answer:

a.  the ending inventory is $397,887

Explanation:

The computation of the inventory by the LCNRV Method is as follows;

As we know that the inventory should be reported at lower cost or net realizable value

So according to the given situation , the inventory based on LCNRV method to each item is $397,887

Hence, the ending inventory is $397,887

For calculation kindly see the attachment below:

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If net exports is negative, it must be the case that _____. rev: 04_09_2018 Multiple Choice the value of goods, services, and re
Anton [14]

Answer:

more goods are being imported than exported

Explanation:

Net export = export - import

when net export is negative it means that import exceeds import. this is known as a trade deficit

5 0
3 years ago
A chef who is responsible for preparation of salads, cold appetizers, and pâtés is called a
vampirchik [111]

Correct answer is C, Pantry Chef.

The area where salads, cold appetizers, pates, canapes, terrines, etc are made is called Pantry. And the person who is in charge of this area is called the Pantry Chef.

A pantry chef is responsible for the making of the above mentioned food in the pantry area.

3 0
3 years ago
How much would $300 invested at 4% interest compounded monthly be worth after 8 years? Round your answer to the nearest cent.
Jet001 [13]
<span>You are given an initial investment of $300 at 4% interest compounded monthly after 8 years. The solution to this question is shown below.

</span>A(t) = P(1+r/n)^nt
A(8) = 300(1+0.04/12)^12(8)
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8 0
3 years ago
Read 2 more answers
You are trying to determine the appropriate price to pay for a share of common stock. if you purchase this stock, you plan to ho
IRISSAK [1]
Here are my workings:
The answer would be= 1250/11 OR 113.6363636


I hope it helped you!

8 0
3 years ago
Agency costs involve costs that are incurred from managers pursuing their own interests at the expense of shareholder value, but
Alexxx [7]

Answer:

False

Explanation:

Agency cost is a term used in Administration to describe a special type of expense that arises from conflicts of interest existing in an organization.Within the context of financial management, the main agency conflicts are:

-Between shareholders and managers :Theory of the principal — agent or the problem of the principal — agent  is a theoretical model of economics designed to understand management situations between unequal actors having different degrees of awareness (asymmetric information): the person giving the order (principal) is usually located in the highest hierarchical position and awaits the solution of the task in his interests; on the other hand, the person executing the order (agent: manager or economic agent) is in the lower hierarchical position, but has more information than the principal and can use this information either in the interests of the principal or in his own interests. To solve this problem, various strategies are proposed, such as trusting relationships, general information systems, or focused incentives.

In general, to alleviate agency conflicts, shareholders bear the agency cost, which includes all the relative costs to make the interests of the managers aim to meet their own interests, which is to maximize the share price from the company. However sometimes the shareholders may want management to run the company in a fashion which increases shareholder value.

- Among shareholders and creditors.

5 0
3 years ago
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