Business, 19.10.2019 00:30 sashllely6112

On april 1, robert llc purchased two units of inventory, a and b. the cost of unit a was $655, and the cost of unit b was $555. on april 30, robert llc had not sold the inventory. the market value of unit a was now $670 while the market value of unit b was $470. the adjustment associated with the lower-of-cost-or-market method on april 30 will be:

cost of goods sold 70
inventory 70
inventory 70
cost of goods sold 70
cost of goods sold 85
inventory 85
inventory 85
cost of goods sold 85

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 17:20

Which of the following is a disadvantage of equity alliances when compared to non-equity alliances? 1. they are reflective of weaker ties between firms.2. they do not permit the exchange of explicit knowledge.3. they are more likely to bring about lack of trust and commitment.4. they require significantly higher levels of investment.

Answers: 2

Answer

Business, 22.06.2019 13:30

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Answers: 2

Answer

Business, 22.06.2019 23:20

Assume a competitive firm faces a market price of $60, a cost curve of c = 0.003q^3 + 25q + 750, and a marginal cost of curve of: mc = 0.009q^2 + 25.the firm's profit maximizing output level (to the nearest tenth) is , and the profit (to the nearest penny) at this output level is $ will cause the market supply to (shift right/shift left). this will continue until the price is equal to the minimum average cost of $

Answers: 2

Answer

Business, 22.06.2019 23:30

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Answers: 1

Answer

You know the right answer?

On april 1, robert llc purchased two units of inventory, a and b. the cost of unit a was $655, and t...

Questions