Answer:
<u>Company's total inventory</u> 30,850
Camaras: 10,960
Camcorders: 8,850
DVDs: 11,040
Explanation:
<u>Camaras: </u>
cost: 10,960
net realizable value: 12,060
<u>Camcorders: </u>
cost: 8,850
net realizable value: 9,170
<u>DVDs: </u>
cost: 12,100
net realizable value: 11,040
<u>Company's total inventory</u>
10,960 + 8,850 + 11,040 = 30,850
We must pick between the historic cost or the net realizable value the lower. The reasoning behind this is the conservatism accounting principle to keep the assets valued at minimum.
There are 52 weeks in a year. Divide that by 2 and you get 26. That's 26 paychecks Toni will receive in a year. To find out how much he earned for each paycheck, you take 26 and divide it into the salary.
39,500/26=1,519.23.
Toni made 1,519.23 with his old salary
44,230/26=1701.15
Toni makes 1701.15 with his new salary.
Now you take the new paycheck and subtract it from the old paycheck.
1701.15-1,519.23=181.92.
Toni receives $181.92 more on each paycheck this year.
Answer:
c. $99,990
Explanation:
costomer surplus = $100,000 - $10
= $99,990
Therefore, Bryan enjoyed $99,990 costomer surplus from the purchase.
Answer:No, ACE cannot repossess the sailboat purchased by Wally.
Explanation:
Marina Inc. is a firm that sell and services sailboat in it's ordinary course of business, in the same vein ACE financing it's inventory is in line with normal course of business.
ACE cannot repossessed the sailboat from Waliy because selling sailboat it's Marina ordinary course of business.
ACE also knew before signing the inventory financing contract that Waliy will sell the inventory to third parties.
