FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A high-powered Nintendo Switch Light acquisition cost is $3,150 and the net realizable value for product the switch light is $3,000. The normal profit margin

A high-powered Nintendo Switch Light acquisition cost is $3,150 and the net realizable value for product the switch light is $3,000. The normal profit margin is $225 and the market value (replacement cost) is $2,700. What is the proper balance sheet value for one switch light assuming the LCNRV? $3,000 O $2,775 $3,150 O $2,700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Official Learning System Fundamentals Of Business Mathematics

Cima Official Learning System Fundamentals Of Business Mathematics

Authors: Graham Eaton

4th Edition

1856177831, 978-1856177832

More Books

Students also viewed these Accounting questions

Question

★★★★★
Myers, who is single, has compensation income of $68,000 in 2016. He is an active participant in his employer's qualified retirement plan. Myers contributes $5,500 to a traditional IRA. Of the $5,500...

Answered: 1 week ago

Question

★★★★★
Gain an understanding of the unique characteristics of competing in developing-country markets.

Answered: 1 week ago

Question

★★★★★
2. Start with a person you want to model. a. Use the five positions to investigate how this person positions himself in relation to others, i.e. how he uses the five positions in his interaction with...

Answered: 1 week ago

Question

★★★★★
In the circuit shown in Fig each capacitor initially has a charge of magnitude 3.50 nC on its plates. After the switch S is closed, what will be the current in the circuit at the instant that the...

Answered: 1 week ago

Question

★★★★★
A high-powered Nintendo Switch Light acquisition cost is $3,150 and the net realizable value for product the switch light is $3,000. The normal profit margin is $225 and the market value (replacement...

Answered: 1 week ago

Question

★★★★★
Omnibus Research Question (RQ) Will there be significant mean differences in strength, endurance, and capacity to fight across the three groups (Avengers, X-MEN, Control) following treatment...

Answered: 1 week ago

Question

★★★★★
State Prob(State) Stock A Stock B Boom 15% 0.22 -0.12 Normal 50% 0.07 0.15 Bust 35% -0.09 0.06 Suppose you invest $20,000 into stock A, and $15,000 into stock B: 1.Calculate the weight of A in the...

Answered: 1 week ago

Question

★★★★★
Big Red Motors, Inc., employs 15 sales personnel to market its line of luxury automobiles. The average car sells for $75,000, and a 6 percent commission is paid to the salesperson. Big Red Motors is...

Answered: 1 week ago

Question

★★★★★
Y The National Ne Oeath Ding A Be04% And 2.3% Sppos According To A Hudy Publihe Intercourse Condom Breakag That The Breatage Ale Of B Contains 12 Endoms What Eprobbity Tha At East One Of The Condoms...

Answered: 1 week ago

Question

★★★★★
Assume stock ABC has a Sharpe ratio of 0.8. Let's say there is a portfolio with 50% weight in stock ABC and 50% weight in risk-free asset, what is the portfolio's Sharpe ratio based on this...

Answered: 1 week ago

Question

★★★★★
State Prob(State) Stock A Stock B Boom 15% 0.22 -0.12 Normal 50% 0.07 0.15 Bust 35% -0.09 0.06 Suppose you invest $20,000 into stock A, and $15,000 into stock B: 1.Calculate the weight of A in the...

Answered: 1 week ago

Question

★★★★★
Drawing from a pool of potentially international assignees who are seen as high flyers, and as part of a more general management development process, may be more effective and prevent failure, but...

Answered: 1 week ago

Question

★★★★★
adaptability of family: this factor is crucial to the success of a foreign assignment, because if the family get homesick or they simply are unhappy in the foreign environment, this may lead to low...

Answered: 1 week ago

Question

★★★★★
emotional stability and maturity: this involves having the staying power and emotional maturity to maintain equilibrium in a foreign environment as well as being non-judgmental in relationships with...

Answered: 1 week ago

Previous Question Next Question