subject
Business, 18.03.2021 01:50 jagger68

isa Inc. uses the lower-of-cost-or-net-realizable-val ue (LCNRV) basis for its inventory. The following data are available at December 31 Units Cost/Unit NRV/Unit Cameras Minolta 6 $171 $166 Canon 7 149 159 Light Meters Vivitar 15 121 118 Kodak 11 122 135 What amount should be reported on Lisa's financial statements, assuming the lower-of-cost-or-net-realizable-val ue rule is applied

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, kp2078
The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p. m. to 10 p. m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue. a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?
Answers: 2
image
Business, 22.06.2019 20:30, admierewebb
What talents or skills do u admire most in others
Answers: 2
image
Business, 23.06.2019 00:10, miller3009
During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?
Answers: 1
image
Business, 23.06.2019 03:30, audriexpress
What so u want to be when u grow up?
Answers: 1
You know the right answer?
isa Inc. uses the lower-of-cost-or-net-realizable-val ue (LCNRV) basis for its inventory. The follow...

Questions in other subjects:

Konu
Mathematics, 25.09.2019 18:30