Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. Aprofit margin of 30% on selling price is considred normal for each product. Specific data with respect to each product follows:
Product 1 Product 2
Historical cost 20.00 35.00
Replacement cost 22.50 27.00
Estimated cost to dispose 5.00 13.00
Estimated selling price 40.00 65.00
In pricing its ending inventory using the lower of cost or market, waht units values should Oslo use for products #1 and # respectively?
Answers: 3
Business, 21.06.2019 15:50
Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?
Answers: 2
Business, 22.06.2019 07:10
In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.
Answers: 2
Business, 22.06.2019 09:30
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
Business, 22.06.2019 09:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost o...
Mathematics, 22.04.2020 19:58
Physics, 22.04.2020 19:58
Mathematics, 22.04.2020 19:58
Mathematics, 22.04.2020 19:58
Chemistry, 22.04.2020 19:58
Biology, 22.04.2020 19:58
Mathematics, 22.04.2020 19:59
History, 22.04.2020 19:59
Mathematics, 22.04.2020 19:59