Loft co. reviewed its lifo basis inventory values for proper pricing at year end. the following summarizes two inventory items examined for the lower of cost or market: inventory inventory item #1 item #2 original cost $210,000 $400,000 replacement cost 150,000 370,000 net realizable value (nrv) 240,000 410,000 net realizable value (nrv) minus profit margin 208,000 405,000 what amount should loft include in inventory at year end if it uses the total of the inventory to apply the lower of cost or market (lcm)?

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.