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2 years ago

Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.

Business

1 answer:

Kitty [74]2 years ago

4 0

Answer:

$4,373

Explanation:

we will check lower of cost or market for individual items:

Minolta :

= Market value per unit × No. of units

= 158 × 5

= $790

Canon :

= Cost per unit × No. of units

= 145 x 7

= $1,015

Vivitar:

= Market value per unit × No. of units

= 114 x 12

= $1,368

Kodak:

= Cost per unit × No. of units

= 120 x 10

= $1,200

Total amount should be reported on Brik Camera Shop's financial statements:

= $790 + $1,015 + $1,368 + $1,200

= $4,373

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From the given question, Steve is suffering from emotional burnout

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Hot and Cold Corp. makes disposable coffee and soft drink cups for use in fast-food restaurants, hospitals, convenience stores,

schepotkina [342]

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Star in BCG matrix

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2 years ago

A company sold merchandise with a cost of $217 for $390 on account. The seller uses the perpetual inventory system. The entry

Elden [556K]

Answer:a debit to Cost of Goods Sold and a credit to Merchandise Inventory for $217

( The answer Is not in the options given)

Explanation:

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Account titles Debit Credit

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2 years ago

A firm is reviewing an investment opportunity that requires an initial cash outlay of $336,875 and promises to return the follow

Fofino [41]

Answer:

The NPV of this investment is $64,581.75

Explanation:

Hi, we need to discount to present value all the future cash flows, the formula to use is as follows:

$NPV=-Investment+\frac{CF1}{(1+r)^{1} }+\frac{CF2}{(1+r)^{2}} +\frac{CF3}{(1+r)^{3}} +\frac{CF4}{(1+r)^{4}} +\frac{CF5}{(1+r)^{5}}$

Where

NPV = Net Present Value

CF = The cash flow stated in the problem by year

r= discount rate (in our case, 0.08 or 8%)

Now, let´s solve this.

$NPV=-336,875+\frac{100,000}{(1+0.08)^{1} }+\frac{82,000}{(1+0.08)^{2}} +\frac{76,000}{(1+0.08)^{3}} +\frac{111,000}{(1+0.08)^{4}} +\frac{142,000}{(1+0.08)^{5}}$

$NPV=-336,875+ 92,592.59 + 70,301.78 + 60,331.25 + 81,588.31+96,642.81$

$NPV=64,581.75$

So, the net present value of this project is $64,581.75

Best of luck.

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2 years ago

Product or Service Costing influences: Group of answer choices production managers making manufacturing decisions. all of the ot

OLEGan [10]

Answer: marketing managers making pricing decisions.

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2 years ago