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Paraphin [41]
2 years ago
11

If a company values inventory at the lower of cost or market, which of the following is the value of merchandise inventory on th

e balance sheet? Apply the lower-of-cost-or-market method to inventory as a whole. Item Inventory Quantity Unit Cost Price Unit Market Price Product C 420 $ 6 $ 5 Product D 370 12 14 a.$7,280 b.$6,540 c.$6,960 d.$7,700
Business
1 answer:
Feliz [49]2 years ago
8 0

Answer:

merchandise inventory on the balance sheet 6,540 option B

Explanation:

we should eevaluate between cost or market price, the lowest.

Product C

cost:     6

market: 5

we will use $5 so 420 units x 5 dollars =  $  2,100

Product D

cost:     12

market: 14

we will use $12 so 370 units x 12 dollars = $  4,440‬

Total merchandise: product C 4,440 + product D 2,100 = 6,540

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Which of the following is true of entrepreneurial organizational structures? Choose all that apply.
iragen [17]

Answers are: 
<span>They are flat
A single leader makes most decisions 
Roles are undefined 
</span>They are common to small businesses
In an entrepreneurial business structure, the owner-manager makes almost all decisions and performs various roles within the company. He interacts directly with the few employees he has, often performing roles that would be "beneath" the CEO of a larger company. This is called a flat organizational structure.
Roles are not generally well defined, as there are not enough employees for the level of specialization that larger companies would have. These are common features of a small business, often in the start-up phase. 
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2 years ago
Which phrase correctly defines the motives of a business? A. satisfying the needs of people B. helping a country's economy grow
liubo4ka [24]

Answer:

d

Explanation:

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2 years ago
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8. A pension fund manager is considering three mutual funds, a stock fund with expected return of 15% and standard deviation of
iragen [17]

Answer:

The lowest risk combination is at : expected return = 12%

                                                         standard deviation = 17.44%

Explanation:

Three mutual funds

stock fund : 15% expected return,  23% standard deviation

Bond fund : 9% expected return , 23% standard deviation

money market : sure rate of 5.5%

correlation between stock and bond fund = 0.15

variance for stock fund = 0.5 ( solved using excel )

variance for bond fund = 1 - variance for stock = 1 - 0.5 = 0.500

attached below is the table and

6 0
2 years ago
A landlord entered into a 10-year lease of a building with an auctioneer, who planned to use the building itself for a storage a
ArbitrLikvidat [17]

Answer:

$2,000

Explanation:

Usually, the landlord is required to notify the tenant if he/she plans to sell the property, but regardless of who owns the property (the original landlord or  a new landlord), the contract terms are valid and must be honored by both the current landlord and the tenant.

The new owner immediately became the new landlord and he/she assumed all the responsibilities stated in the lease contract. Since the lease contract stated that the "lessor (landlord) agreed to maintain all structures on the property in good repair", the new landlord must pay for any necessary repairs.  

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2 years ago
Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
nikitadnepr [17]

Answer:

a. Regulatory compliance costs  - Fixed cost

b. Salaries of top management and key personnel - Fixed cost

c. Cost of metal used in manufacturing  - Variable cost

d. Cost of wood used in manufacturing  - Variable cost

e. Mortgage payments  - Fixed cost

f. Industrial equipment costs  - Fixed cost

g. Interest on debt  - Fixed cost

h. Postage and packaging costs - Variable cost

Explanation:

The cost which is affected by the production of units is known as variable cost. The cost which does not vary with the units produced is fixed cost. Fixed cost does not change from period to period irrespective of level of output and is usually same for a certain period. It is easy to budget for fixed costs instead of variable cost. Variable cost changes every period and is based on company's output.

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