C is the correct answer because it really varies depending on the game.
Answer:
$2,664
Explanation:
Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.
Product Quantity Total Cost Total Net Realizable Value
Revolvers 13 $126 $155
Spurs 22 $32 $27
Hats 9 $58 $48
Choosing Which one is lower for each product
Product Quantity Rate Total Value
Revolvers 13 $126 $1,638
Spurs 22 $27 $
594
Hats 9 $48 $432
Total Closing Inventory Value = $1,638 + $594 + $432 = $2664
Answer:
The price of the stock today is $24
Explanation:
The price of the stock can be calculated using the dividend discount model. The price of the stock will include discounting back future dividends.
P0 = D0*(1+g) / 1+r + [D*(1+g) / r-g] / 1+r
P0 = 1.2*(1+0) / 1+0.09 + [1.2(1+0.04) / 0.09-0.04] / 1+0.09
P0 = $24
I think it’s a consignment loan.
