1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In a cooking context, which of the following materials is the best heat conductor?
victus00 [196]
Iron is the answer to the question
8 0
3 years ago
Read 2 more answers
Excelor stock is expected to pay $3.00 per share as its next annual dividend. The firm has a policy of increasing the dividend b
andrew-mc [135]

Answer:

30.92%

Explanation:

You find the answer by calculating the cost of equity using two methods; Dividend discount model and CAPM

<u>Dividend discount model;</u>

cost of equity; r = (D1/P0) +g

whereby, D1 = next year's dividend = 3.00

P0= current price = 13.65

g = dividend growth rate = 11% or 0.11 as a decimal

r = (3/13.65) + 0.11

r = 0.2198 + 0.11

r= 0.3298 or 32.98%

<u>Using CAPM;</u>

r = risk free + beta (Market risk premium)

r = 0.049 + (2.8 * 0.0856)

r = 0.049 + 0.2397

r = 0.2887 or 28.87%

Next, find the average of the two cost of equities;

=(32.98% + 28.87% )/2

= 30.92%

3 0
3 years ago
The overall, company-wide program for selecting a particular target market and then satisfying consumers in that market through
solong [7]
Answer:  "marketing strategy" .
____________________________________________________
3 0
3 years ago
During 2014 and 2015, Danny pays property taxes of $3,500 each year on a piece of land. During 2014, the land is vacant and unpr
motikmotik

Answer: the answer is C deduct $3500 each year.

Explanation: Whether the land is vacant and unproductive or it is used to generate income. The property tax for the land will be paid yearly

5 0
3 years ago
As a contemporary manager, your employees will perceive that their opinions are more valued if: you provide settings where emplo
erma4kov [3.2K]

Answer:

 you provide settings where employees have the opportunity to converse with all levels of management.

Explanation:

In simple words, employees feel motivated and values when they fell involved in the decisions inside the organisation, as these decisions affects them too.

    Generally, the core decisions in any organisation are taken by top managers but they too are dependent on lower level managers for the data they receive. Hence, a network should be set for employees so they can give their suggestions to  all levels of managers.

6 0
3 years ago
Other questions:
  • Percy gray, a professional nature photographer, is planning to buy a camera. recently, when he came across an ad in a magazine,
    7·1 answer
  • Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of output and everything else held
    10·2 answers
  • Drew's company. Ace High sells customized sets of poker chips. he is developing a plan for next year on a quarterly basis. the e
    11·1 answer
  • On July​ 1, 2018, Mason​ &amp; Beech Services issued $48,000 of 9​% bonds that mature in five years. They were issued at par. Th
    14·1 answer
  • All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided i
    13·1 answer
  • A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in thr
    11·1 answer
  • Suppose that the demand for loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 1
    14·1 answer
  • At the beginning of the year, American International had inventory worth $325,500 at cost. At the end of the year, the cost valu
    15·1 answer
  • Bonds are basically also known as what?
    11·1 answer
  • How do you manage a business?:​
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!