Given the acquisition cost of product Z is $64, the net realizable value for product Z is $58, the normal profit for product Z is $5, and the market value (replacement cost) for product Z is $60, what is the proper per unit inventory price for product Z?
a. $64.
b. $60.
c. $53.
d. $58.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Given the acquisition cost of product Z is $64, the net realizable value for product Z is $58, the normal profit for product Z is $5, and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A coworker tells you that she put the wrong meeting date in a recent e-mail to an investor, subsequently, the investor missed the meeting. She wants to draft an apology letter and asks for your advice.
Answers (1)
What is a budget constraint? A. It is the amount of utility that a consumer receives from spending a limited amount of income on goods and services. B. It is the amount of income that yields equal marginal utility per dollar spent. C.
Answers (1)
Clu, dolf, and elton do business as fertile valley farm. clu's relationship to the firm ends, but it continues to do business. this is dissociation. dissolution. winding up. wrongful.
Answers (1)
Green Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by $50,000. In addition, tax depreciation exceeded book depreciation by $100,000.
Answers (1)
Each of the following are classified as a noncash investing or financing activity except: a. retirement of debt by issuing stock b. reissuing treasury stock c. purchase of long-term assets by issuing bonds d.
Answers (1)
New Questions in Business
Which of the following are characteristics of public goods? Choose one or more: A. Public goods generally have a small value to society. B. The quality of public goods does not diminish when multiple people consume them. C.
Answers (1)
On July 1, 2021, Rents-A-Lot Inc. paid $72,000 for 36 months of advance rent on its warehouse. What would be the amount of rent expense in the 2022 financial statements for Rents-A-Lot under both cash - basis and accrual-basis accounting?
Answers (1)
All the members of the sales team at Arkema are new hires. The team members need to work together to ensure that clients' requirements are fulfilled, and weekly targets set by the company are adequately met.
Answers (1)
After 9/11, the demand for air travel fell substantially, bringing the airline industry to its knees. Congress wanted to compensate the airlines for losses but there was a great debate over how much money was at stake.
Answers (1)
The company sponsors a two-day training meeting for managers and there is a one-hour session on how personality affects employee performance.
Answers (1)