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sertanlavr [38]
3 years ago
7

At year end, CurlZ, Inc.'s inventory consists of 370 bottles of CleanZ at $3 per bottle and 270 boxes of DyeZ at $10 per box. Ma

rket values are $3.20 per bottle for CleanZ and $8 per box for DyeZ. CurlZ should report its inventory at:
Business
1 answer:
sasho [114]3 years ago
3 0

Answer:

$3,270

Explanation:

Inventory should be value at lower of cost and market value.

Bottles of CleanZ:

Cost of inventory = Bottles of CleanZ × Price per bottle

                             = 370 × $3

                             = $1,110

Market value of inventory:

= Bottles of CleanZ × Market value per bottle

= 370 × $3.20 per bottle

= $1,184

Lowest of cost and market value of inventory is $1,110.

Boxes of DyeZ:

Cost of inventory = Boxes of DyeZ × Price per box

                             = 270 × $10

                             = $2,700

Market value of inventory:

= Boxes of DyeZ × Market value per box

= 270 × $8 per box

= $2,160

Lowest of cost and market value of inventory is $2,160.

Therefore, the DyeZ. CurlZ should report its inventory at:

= Lowest of cost and market value of inventor for (CleanZ + DyeZ)

= $1,110 + $2,160

= $3,270

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The marketplace is full of both potential and non-potential customers which makes this statement <u>True</u>.

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As a result, it is not possible to directly market to only potential customers, but to the entire marketplace.

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Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission
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A. True

Explanation:

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EB4.
avanturin [10]

Answer:

Fixed and Variable cost:

Fixed cost are the costs which cannot be changed with change in the level of goods and services sold or produced.

Variable cost are the costs which changes with change in the level of output produced and sold.

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Period costs refers to the cost which are incurred for a certain period of time. It is normally associated with the time period than with any type of transactional event.

Therefore, the classification of items is as follows:

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(c) Fixed cost - Period cost

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A society whose economic system is engaged in the processing and control of information is called a(n):
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Hybrid cars are touted as a "green" alternative; however,the financial aspects of hybrid ownership are not as clear. Consider th
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Answer:

a)

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the cost of driving 1 mile with the hybrid car = $3.60 / 27 = $0.1333

the cost of driving 1 mile with the regular model = $3.60 / 19 = $0.1895

you will save = $0.0562 per mile driven

you would need to drive $1,196.67 / $0.0562 = 21,293 miles per year to make the decision worth it

b)

if you only drive 15,500 miles per year, then you would need to save $0.0772 per mile

that would only result if gasoline's price was:

x/19 - x/27 = 0.0772

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0.0156x = 0.0772

x = 0.0772 / 0.0156 = $4.95 per gallon

c)

you must first determine the present value of all additional expenses related to purchasing a hybrid:

year         cash flow

0                -5,200

1                 -330

2                -330

3                -330

4                -330

5                -330

6                -330

Using a financial calculator, the PV = -$6,637.24

now we must use an annuity formula to determine the annual savings required using a 10% discount rate and 6 periods:

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d)

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0.0156x = 0.0983

x = 0.0983 / 0.0156 = $6.30 per gallon

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