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mamaluj [8]
3 years ago
5

The following information pertains to one item of inventory of the Simon Company: Per unit Cost $ 200 Replacement cost 170 Selli

ng price 190 Disposal costs 10 Normal profit margin 30 Using the lower of cost or market method, this item should be valued at:
Business
1 answer:
r-ruslan [8.4K]3 years ago
3 0

Answer:

the item should be valued at $170

Explanation:

The computation of the item that should be valued is shown below:

As we know that the inventory should be valued at lower of cost or market value

= Lower of $200 or $170 or ($190 - ($30 - $10))

= Lower of $200 or $170 or $170

= $170

Hence, the item should be valued at $170

And, the same is to be considered as it is relevant

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2 years ago
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Answer:

4.18%

Explanation:

The formula for used for this calculation is given as

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Where n = number of years of the investment = 13 years

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Present ( Initial) value (Amount of the investment before 13 years) =  $3,100

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The formula for r is derived as:

r = (Future value/ Present (initial) value)¹/ⁿ- 1

r = ($5,280/$3,100)¹/¹³ - 1

r = 1.0418139573 - 1

r = 0.0418139573

r is always in percentage format

r = 0.0418139573 × 100

r= 4.18139573%

Approximately, the rate of return annually for 13 years  = 4.18%

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3 years ago
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Answer:

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Calculation to determine what the investment will be

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