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
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

You might be interested in
The flow of _____ capital is controlled by the processes of immigration, migration, and emigration.
Debora [2.8K]

Answer:

The flow of <u>Human</u> capital is controlled by the processes of immigration, migration, and emigration.

5 0
2 years ago
Gypsy foods inc. is a multinational food and beverage company. its product labels are colorful and project the words "new" and "
8090 [49]

D) Persuasive labeling_ The product is created to capture the attention of the customer. Rather than focusing on any other factors it focuses on the creativeness

7 0
3 years ago
Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa
r-ruslan [8.4K]

Hargrave professional group performs legal services on account. The effect of this transaction on the balance sheet equation for Hargrave is Increase in assets.

<h3>What is Asset?</h3>

An asset is considered a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

Hargrave professional group performs legal services on account which reflects the Buying and sales of goods and services on credit. So this refers to the incoming cash in the business which indicates the effect of this transaction on the balance sheet equation for Hargrave is an Increase in assets.

Learn more about Asset, here:

brainly.com/question/14404094

#SPJ4

8 0
1 year ago
Incident resource information management systems are used to collect, update, and process data; track resources; and:
zaharov [31]
Alert personnel when credentials are about to be expired
7 0
3 years ago
To fund your dream vacation, you plan to save $1,475 per year for the next 15 years starting one year from now. If you can earn
muminat

Answer:

FV= $34,993.05

Explanation:

Giving the following information:

Annual deposit= $1,475

Number of periods= 15 years

Interest rate= 6.25%

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,475*[(1.0625^15) - 1]} / 0.0625

FV= $34,993.05

3 0
3 years ago
Other questions:
  • Patricia deposited $350 in a savings account with two percent simple interest. If she keeps it in the account for one year, how
    15·1 answer
  • On January 1, 2021, Robertson Construction leased several items of equipment under a two-year operating lease agreement from Jam
    14·1 answer
  • The following account balances were listed on the trial balance of Edgar Company at the end of the period: Account Balance Accou
    12·1 answer
  • Which of these is not a reason you must file Form 8962 with your income tax return? Choose one answer. a. You are taking the PTC
    5·1 answer
  • West Calder Fabrication is trying to decide which of the following four cargo ships that should be used to ship their products,
    9·1 answer
  • South Company purchased North Company. South Company paid $550,000 cash and assumed all of North Company’s liabilities. On the d
    9·1 answer
  • What did the president mean when he said he had to face “very difficult choices” when creating a federal budget?
    5·2 answers
  • On December 31, Strike Company traded in one of its batting cages for another one that has a cost of $500,000. Strike receives a
    15·1 answer
  • Zachary Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly
    6·1 answer
  • Quick answer needed!
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!