Answer:
$6,689
Explanation:
As we know that the inventory should be recorded at cost or net realizable value which ever is lower
Particulars Item Units Unit Cost Net Realizable Value LCNRV
Minolta 7 $175 $157 $157
Canon 11 142 176 $142
Vivitar 14 130 111 $111
Kodak 17 120 132 $120
So, the amount of ending inventory is
= 7 units × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120
= $1,099 + $1,562 + $1,988 + $2,040
= $6,689
Answer:
No, Loni should not take the loan and build the app.
Explanation:
If she borrows $87,000 to build the app, at the end of the year she will have to pay $87,000 x (1+0.15) = 100,050 in principal and interest to the bank.
After selling the app she will get 99,000 - 100,050 = $1,050.
In other words, she will be making a loss.
Answer:
Total market value of the bonds: 6,972.2
Explanation:
The "quote" will be the percent of the face value at which the title is currently trading.
We will multiply each quoted by the face value to get the market value in dollars:
1,000 x 87.25/100 = 875.5
1,000 x 102.42/100 = 1,024.2
5,000 x 101.45/100 = 5,072.5
Total = 6,972.2
Answer:
correct option is a $0
Explanation:
given data
Acquisition value = $52,000,000
Fair value assets = $48,000,000
to find out
What is the annual amortization of goodwill for this acquisition
solution
we know that annual amortization of goodwill on a straight line basis over 40 years before 2001
and FASB also issue statement about that it does not allow automatic amortization of goodwill
so it will be zero here as goodwill is not amortized here
so correct option is correct option is a $0
We can find the increase in operating income for each $ 1,000 increase in revenue per month by finding the contribution margin ratio and the multiplying it with the increase operating income of $ 1,000 each.
The formula to find the contribution margin ratio is :-
Contribution margin ratio = Contribution margin per unit / Selling price per unit
= 12 / 20 = 60%
The increase in operating income = Contribution margin ratio * Revenue
= 60 % * 1,000
= $ 600
The calculations are shown below :-
Selling price per unit = $ 20
Variable cost per unit = $ 8
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $ 20 - $ 8 = $ 12
