subject
Business, 24.03.2020 21:15 ocean11618

A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit ItemUnitsCostMarket Car audio equipment Speakers343$98 $106 Stereos258 119 108 Amplifiers324 94 103 Subwoofers202 60 49 Security equipment Alarms478 158 133 Locks289 101 92 Cameras210 318 330 Binocular equipment Tripods183 78 92 Stabilizers168 105 113 Required: 1. Calculate the lower of cost or market for the inventory applied separately to each item. 2. If the market amount is less than the recorded cost of the inventory, then record the LCM adjustment to the Merchandise Inventory account.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:30
Part i a company's cereal is not selling well. create a 10-15-question survey that measures customers' preferences for the company's cereal product. then, answer the following questions: how many scale items will you put in the survey? justify your answer. will you use multiple-choice questions? why or why not? how many scale points will you use in the survey? justify your answer. what data type will be used in the survey? justify your answer. part ii as a second part of this assignment, create a set of survey questions, assuming that you sell cars. you are attempting to measure how customers perceive the quality of the cars that you sell. create three survey questions with simple category scales. justify why you selected those questions and scales. create three survey questions with multiple-choice, single-response scales. justify why you selected those questions and scales. create three survey questions with multiple-choice, multiple-response scales. justify why you selected those questions and scales. create three survey questions with likert scale summated ratings. justify why you selected those questions and scales.
Answers: 1
question
Business, 21.06.2019 23:30
Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities
Answers: 3
question
Business, 22.06.2019 02:00
Keshawn used to work for an it company in baltimore, but lost his job when his company decided to use workers in new delhi instead. this is an example of:
Answers: 1
question
Business, 22.06.2019 09:00
Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit
Answers: 1
You know the right answer?
A physical inventory of Liverpool Company taken at December 31 reveals the following. Per Unit ItemU...
Questions
question
Mathematics, 17.08.2021 01:20
question
Advanced Placement (AP), 17.08.2021 01:20