Business, 18.12.2019 06:31 xxtonixwilsonxx
Lexington company sells product 1976nlc for $50 per unit. the cost of one unit of 1976nlc is $45, and the replacement cost is $43. the estimated cost to dispose of a unit is $10, and the normal profit is 40%.
at what amount per unit should product 1976nlc be reported, applying lower-of-cost-or-market?
a. $20.
b. $40.
c. $43.
d. $45.
Answers: 1
Business, 22.06.2019 09:50, sanam3035
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers
Answers: 1
Business, 23.06.2019 00:00, aloading2256
Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.
Answers: 1
Lexington company sells product 1976nlc for $50 per unit. the cost of one unit of 1976nlc is $45, an...
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