Given the historical cost of product Z is $ 35, the selling price of product Z is $ 40, costs to sell product Z are $ 3, the replacement cost for product Z is $ 36, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

According to this excerpt, a key part of our national security strategy is

Why should managers invest any excess cash