Answer:
proper per unit inventory value for product Z applying LCM is $38
Explanation:
given data
cost of product Z = $43
net realizable value product Z = $37
normal profit for product Z = $2
market value product Z = $38
solution
first we get here difference between Net realizable value and profit that is
Net realizable value - normal profit
= $37 - $2
= $35
so here now we get proper per unit inventory is
proper per unit inventory = lower of cost or market value
so here market value product Z is lower so
proper per unit inventory value for product Z applying LCM is $38
The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.
First step is to calculate the Discount on forward contract
Discount on forward contract=[($0.0035 − $0.0034) × 10 million
Discount on forward contract=$0.0001 × 10 million
Discount on forward contract= $1,000
Second step is to amortized the Discount on forward contract
Amortization of discount on forward contract=$1,000 / 4 months
Amortization of discount on forward contract=$250 per month
Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.
Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.
Learn more here:<em> brainly.com/question/19353936</em>
Answer:
a.capability
Explanation:
Based on the information provided within the question it can be said that the vendor selection criteria described is their capability. This basically describes what the vendor is "capable" of providing to the customer in order to serve as a "value" to the vendor's store and bring in more customers that pay for those services.
Answer and Explanation:
The journal entries are shown below:
On May 1
Cash $840,000
To 4% Bonds Payable $840,000
(Being the issued of the face value is recorded)
On Nov 1
Interest Expense $16,800
To Cash A/c $16,800
(Being the interest expense is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $16,800
On Dec 31
Interest Expense $5,600
To Interest Payable $5,600
(Being the accrued interest is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $5,600
