To find how much one costs, you divide the price by five
18.75 divided by 5 = 3.75
To find how much seven would cost, you multiply that number by seven
3.75 times 7= $26.25
Answer:
a.Cash is increased, and unearned rent is increased.
Explanation:
Since in the question, it is mentioned that QRT Co. received $1,560 advance from Zync Inc. for the building use.
We know that the cash is received which increases the cash balance but the service is not provided so it would become a liability and recorded as unearned rent.
The unearned rent is increased which show under the current liability side of the balance sheet
Hence, both cash and unearned rent is increased
Answer:
Ending Inventory = $10,000
Explanation:
Calculating the ending inventory using the lower of cost and net realizable value (NRV):
It means we have to take the inventory cost, which is lower between the original cost and net realizable value. Therefore, for Model A -
Inventory Quantity × Unit Cost (Cost or NRV which is lower) = Total ending inventory cost
100 × $ 100 = $10,000
(We have used the original cost as it is lower than NRV cost)
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Answer:
The answer is: A) Nike will probably have to invest heavily in the athletic shoe business, including extensive promotions and new production facilities.
Explanation:
Athletic shoe business is Nike´s cash cow, it can not afford the risk of not investing in it. Even if the market´s growth rate slows down there will always be serious competitors willing to replace them as No. 1 (Adidas). It is a very competitive industry all around the world. So the moment Nike lowers its guard, Adidas will attack them furiously.
As the market leader Nike needs to constantly invest in new promotions and new technology. It has to fight to keep their share of the market growing, because once it reaches its zenith, then the only way to go is down. If Nike´s shoe business goes down, the whole company´s sales will go down since other business units are complementary to it.
