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anygoal [31]
2 years ago
10

Wilson Animal Feeds has developed the following data to calculate lower of cost or market for its products.

Business
1 answer:
NeX [460]2 years ago
6 0

Answer:

The total reported inventory value is $1,130.

Explanation:

Note: The data given the question are sorted and presented properly as follows:

                                    <u> Selling Price  </u>         <u>    Cost    </u>

Large animals:                  

Cattle                                     $320                    $160

Horse                                      400                      400

Small animals:

Cat                                         $360                  $320

Dog                                          120                       90

Exotic pets:

Ferret                                     $140                    $112

Iguana                                       70                      48

Based on the lower of cost and net realizable value rule, we select the lower and determine the reported inventory value as follows:

<u>Details                                        Value ($)   </u>

Large animals:

Cattle                                            160

Horse                                            400

Small animals:

Cat                                                320

Dog                                                90

Exotic pets:

Ferret                                             112

Iguana                                        <u>    48    </u>

Total value                              <u>    1,130   </u>

Therefore, the total reported inventory value is $1,130.

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cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co
alex41 [277]

Answer:

equilibrium price would fall and equilibrium quantity would increase

Explanation:

The discovery would reduce the amount of crops now lost to frost damage and increase the supply of crops e.g. potato.

As a result of the increase in supply, there would be an excess of supply over demand equilibrium price would fall and quantity would increase

Please check the attached image for a graph showing increase in supply

5 0
3 years ago
Orwell Building Supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 25% for 2 years, after
EleoNora [17]

Answer:

Best estimate of the current stock price= $42.64

Explanation:

Price of the stock today = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{P2}{(1+ke)^2}.

where P2 = \frac{D3}{ke-g}

D0=$1.75

D1=$1.75(1.25)

D2=$1.75(1.25)(1.25)

D3=$1.75(1.25)(1.25)(1.06)

Price of the stock today = \frac{1.75(1.25)}{(1+0.12)^1}+\frac{1.75(1.25)(1.25)}{(1+0.12)^2}+\frac{1.75(1.25)(1.25)(1.06)}{(0.12-0.06)(1+0.12)^2}. = $42.64

8 0
3 years ago
Which economic goal is a major one of command economies?
pickupchik [31]

Answer:

the answer is equity.

Explanation:

the social equity in resource allocation and distribution is the main concern of an command economy. The entire "command" function is there for this purpose. Opposing to the market system, in which the efficiency of the market is of primary concern, the command system argues that while following to achieve the maximum market effeciency, these economies miss out on the fainress and unbiasedness in economic benefit destribution and therefore creates many social problems such as poverty, rich and poor gap, etc as a result.

The command economy tries to overcome this problem of Equity in market economies.

4 0
3 years ago
Carly’s Clips charges for their grooming services based on the following:________.
Novay_Z [31]

Answer: $256

Explanation:

Using time and materials pricing, the total price for a job requiring 3 direct labor hours and $54 of materials will be calculated as:

Materials = $54

Add: Materials markup = 30% × $54 = 0.3 × $54 = $16.2 = $16

Add: Labour = 3 × $62 = $186

Total price of job = $256

7 0
2 years ago
Lee went to great lengths to make sure that Heard was considered an independent contractor and it didn't work. Since Lee made it
tekilochka [14]

The court found the employee status because he had and agreement indicating that he was an independent <em>contractor</em>.

<h3>What is an independent contractor?</h3>

It should be noted independent contractors are the contractors that don't work under an employer. They work independently.

In this case, the court found the employee status because he had and agreement indicating that he was an independent contractor.

Learn more about independent contractor on:

brainly.com/question/7429981

#SPJ1

8 0
2 years ago
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