subject
Business, 07.11.2019 01:31 whitwelllife

Based on a physical inventory taken on december 31, 20x1, chewy co. determined its chocolate inventory on a fifo basis at $26,000 with a replacement cost of $20,000. chewy estimated that, after further processing costs of $12,000, the chocolate could be sold as finished candy bars for $40,000. chewy's normal profit margin is 10% of sales. what amount should chewy report as chocolate inventory on its december 31, 20x1, balance sheet? a. $28,000b. $26,000c. $24,000d. $20,000

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, chelsilconway2262
Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p
Answers: 1
image
Business, 22.06.2019 07:20, amcdonald009
Suppose that real interest rates increase across europe. this development will u. s. net capital outflow at all u. s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
image
Business, 22.06.2019 08:20, auntlynard1843
How much does a neurosurgeon can make most in canada? give me answer in candian dollar
Answers: 1
image
Business, 22.06.2019 09:50, steph76812
Why should managers invest any excess cash
Answers: 1
You know the right answer?
Based on a physical inventory taken on december 31, 20x1, chewy co. determined its chocolate invento...

Questions in other subjects:

Konu
Mathematics, 23.10.2020 03:01