When law-enforcement officials do not have to provide search warrants to conduct searches in highly

A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur

musickatia [10]

Answer:

correct option is d. $600

Explanation:

given data

sells product = $20 per unit

selling price fallen = $15 per unit

FIFO inventory = 200 units

purchased = $16 per units

Net realizable value fallen = $13 per unit

to find out

amount of the lower cost of market

solution

we know that here Company record inventory at lower

so market value or cost of the inventory at declined time

and here Market Adjustment is the Difference of the cost and the Market Value

so cost will be here

Cost = 200 × $16

cost = $3200

and

Net realizable value will be

Net realizable value = 200 × $13

Net realizable value = $2600

so that Market adjustment is the difference of

Market adjustment difference = $3200 - $2600

Market adjustment difference = $600

so correct option is d. $600

8 0

3 years ago

If you are starting a new business, you can assume with some certainty that your customers will have the same level of technolog

kakasveta [241]

This would be false

8 0

2 years ago

Read 2 more answers

Jasper is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in the Sahara D

den301095 [7]

Answer:

b its b because it says he works hard and he is willing to get a good salary

3 0

2 years ago

On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. T

Mariulka [41]

Answer:

Income statement using absorption costing.

Sales $756,000

Less Cost of Goods Sold

Opening Stock $0

Total Manufacturing Costs $655,000

Less Closing Stock ($104,800) ($550,200)

Gross Profit $205,800

Less Operating Expenses

Selling and administrative expenses:

Variable $35,000

Fixed $10,500 ($45,500)

Net Income $160,300

Explanation:

The Product cost is the to total of all manufacturing costs.

5 0

2 years ago

What of the following kinds of contracts is the actual, final cost of the project unknown until after the project is completed (

Alexxx [7]

Answer:

3. cost plus incentive fee.

Explanation:

Cost plus incentive fee is a type of contract where final amount for the completion of project is unknown till the project is completed. This project has cost plus an additional benefit amount. Here seller can earn an additional amount if he meets a defined criteria mentioned in the contract.

Fixed price contract cost is defined at the start of project and it does not allow any adjustments in the cost later when the project is completed.

Cost plus fixed fee is a contract in which a contractor is paid complete cost related to the performance of duties in the contract plus an additional fixed fee as their additional bonus. Usually this is agreed at the inception of the contract.

7 0

3 years ago