Business, 30.11.2019 02:31 garay2015

Presented below is information related to waterway inc.’s inventory. (per unit) skis boots parkas historical cost $370.50 $206.70 $103.35 selling price 413.40 282.75 143.81 cost to sell 37.05 15.60 4.88 cost to complete 62.40 56.55 41.44 determine the following: the net realizable value for each item, and the carrying value of each item under lcnrv.

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Answer from: crystalrc3414

(1) $313.95; $313.95

(2) $210.6; $206.70

(3) $97.49; $97.49

Explanation:

Skis:

Net realizable value = selling price - cost to sell - cost to complete

= 413.40 - 37.05 - 62.40

= $313.95

Historical cost = $370.50

LCNRV = lower of historical cost or net realizable value

= $313.95

Boots:

Net realizable value = selling price - cost to sell - cost to complete

= 282.75 - 15.60 - 56.55

= $210.6

Historical cost = $206.70

LCNRV = lower of historical cost or net realizable value

= $206.70

Parkas:

Net realizable value = selling price - cost to sell - cost to complete

= 143.81 - 4.88 - 41.44

= $97.49

Historical cost = $103.35

LCNRV = lower of historical cost or net realizable value

= $97.49

Answer from: Quest

engine assembler, survey reasearcher, auditor

Answer from: Quest

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

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