Business, 19.01.2021 18:50 annafellows
Blossom Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows:
Product #1 Product #2
Historical cost $8 $19
Replacement cost 12 12
Estimated cost to dispose 2 5
Estimated selling price 21 33
In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Blossom use for products #1 and #2, respectively?
Answers: 3
Business, 22.06.2019 11:50, vdirectioner7634
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
Business, 22.06.2019 12:50, DesperatforanA
Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise
Answers: 3
Business, 22.06.2019 18:50, jordendoctorwho
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
Blossom Corporation has two products in its ending inventory, each accounted for at the lower of cos...
English, 20.05.2020 02:59
Mathematics, 20.05.2020 02:59
Mathematics, 20.05.2020 02:59
Biology, 20.05.2020 02:59
Mathematics, 20.05.2020 02:59