Answer:
B $1,625
Explanation:
The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:
The ending inventory units = Beginning inventory + purchase of inventory - selling units
= 15 units + 35 units - 25 units
= 25 units
So, the cost of ending inventory = ending inventory units × purchase price
= 25 units × $84
= $2,100
And, the market value equal to
= ending inventory units × replacement cost
= 25 units × $65
= $1,625
Based on the lower-of-cost-or-market value, the ending inventory would be $1,625
Answer: Washington to exchange apples with Texas and receive money in return.
Explanation:
The picture relating to the question has been attached.
From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.
If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.
Answer:
The present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Explanation:
Payments each year = Cash flow = C = $160
Rate of Interest = r = 8% = 0.08
Present value of Perpetuity = Cash flow / rate of return
Present value of Perpetuity = C / r
Present value of Perpetuity = $160 / 0.08
Present value of Perpetuity = $2,000
So, the present value, when interest rates are 8.0 percent, of a $160 payment made every year forever is $2,000.
Increasing at the moment. After a few weeks, when the price becomes unreasonable, I doubt Marvin would want to buy chocolate truffles.
I hope you found this helpful! :)
