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Leona [35]
3 years ago
15

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

lue(LCNRV) basis in valuing inventories:_______. Product Cost Market A $91000 $96000 B 64000 61000 C 128000 130000 After Concord Corporation applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:________.
Business
1 answer:
scZoUnD [109]3 years ago
3 0

Answer:

the value of the inventory reported is $280,000

Explanation:

The computation of the inventory reported on the balance sheet is shown below:

As we know that the inventory should be recorded at lower cost of cost or market value. So here the same is applied

= Lower amount of market A +  Lower amount of market B +  Lower amount of market C

= $91,000 + $61,000 + $128,000

= $280,000

hence, the value of the inventory reported is $280,000

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11 months ago
You've never had a job so decided that it's time to start applying. When filling out
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Explanation:

3 0
3 years ago
Which functionality would you include in the product category of the marketing mix?
Licemer1 [7]

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<u>Explanation: </u>

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6 0
3 years ago
The firm has just declared a dividend of $1.09 per share for the current fiscal year. The firm has earnings per share of $2.11,
Anna007 [38]

Answer: E) price-earnings ratio will be 14.26 ex-dividend.

Explanation:

Stock prices generally decrease in price by the price of the dividend on ex-dividend date.

This means that this stock will reduce to:

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<em>Option E is correct. </em>

4 0
3 years ago
You want to go the Six Flags amusement park. The ticket price to enter and enjoy the rides in Six Flags is $65. You live in Rich
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Answer:

Results are below.

Explanation:

<u>The opportunity cost is the amount of money that you won't earn when choosing one option over another. </u>In this case, one option makes you expend money and the other earn money.

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Total cost= $178

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3 years ago
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