Answer:
<u>c. $2,018.00</u>
Explanation:
Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of
- Initial cost of inventory ( Manufacturing cost or Purchasing cost )
- Market value of the Inventory ( Net realizable value of the market )
Product__Quantity__Cost per unit__Market per unit___ Lower ____Value
Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300
Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925
Marmalade 260 _____ $3.10 ______3.05 __________ $3.05 ____ $793
Total Value ___________________________________________<u>$2,018</u>
Answer and Explanation:
a. The computation of the depletion rate is shown below:
= Acquired mineral rights ÷ estimated mineral deposit
= $93,000,000 ÷ 60,000,000 tons
= $1.55 per ton
b. The amount of depletion expense for the current year is
= Depletion rate × current year mined tons
= $1.55 per ton × 16,800,000 tons
= $26,040,000
c. And, the journal entry is
Depletion expense $26,040,000
To Accumulated depletion $26,040,000
(Being depletion expense is recorded)
For recording this entry we debited the depletion expense as it increased the expenses and at the same time it decreased the value of the asset so the accumulated depletion is credited
Today's share price for CCN is $16.67
Today's share price for CCN can be determined using the Gordon constant dividend growth model
The Gordon growth model is used to determine the value of the share of a firm using the value of its dividend with the assumption that the firm grows at a constant rate.
The formula of the Gordon constant dividend growth model :
price = d1 / (r - g)
d1 = next dividend to be paid = $0.50
r = cost of equity = 12%
g = growth rate = 9%
0.50 / (12% - 9%)
0.50 / 3%
0.50 / 0.03
= $16.67
A similar question was answered here: brainly.com/question/15023105?referrer=searchResults
Answer:
The correct answer ise. do nothing and leave prices unchanged.
Explanation:
It has been observed that many oligopolistic industries exhibit an appreciable degree of price rigidity or stability. In other words, in many oligopolistic industries prices remain sticky or inflexible, that is, there is no tendency for oligopolists to change the price even if economic conditions undergo a change.
There have been many explanations of this price rigidity in the oligopoly and the most popular explanation is the so-called crooked demand curve hypothesis. The crooked demand curve hypothesis was presented independently by Paul M. Sweezy, an American economist, and by Hall and Hitch, Oxford economists.
It is to explain the price and production under oligopoly with product differentiation, that economists often use the hypothesis of the crooked demand curve. This is because when products under oligopoly differ, it is unlikely that when a company increases its price, all customers abandon it because some customers are intimately linked to it due to product differentiation.
As a result, the demand curve facing a company under differentiated oligopoly is not perfectly elastic. On the other hand, under the oligopoly without product differentiation, when a company increases its price, all its customers leave it, so that the demand curve faced by an oligopolist that produces a homogeneous product can be perfectly elastic.
Answer:
Sunk; disregarded
Explanation:
Sunk cost is cost that has already been expended and cannot be recovered. It shouldn't be considered when making decisions.
No matter how much one argues, one would not be able to recover the $25. Therefore, it is sunk cost.
I hope my answer helps you
