A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fallen to $15 per unit. This company's current FIFO inventory consists of 200 units purchased at $16 per unit. Net realizable value has fallen to $13 per unit. Calculate the value of this company's inventory at the lower of cost or market.
A. $3,000.
B. $2,550.
C. $2,700.
D. $3,200.
E. $2,600.
Answer: E
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When Myra was completing a performance appraisal on one of her employees, she rated the employee high on reliability and conscientiousness. The next item on the form was accuracy. Even though the employee was only average on accuracy, Myra gave her a high rating. Myra had just given her a high rating on two other items. It is likely Myra made an error due to _______.
A. bias B. stereotyping C. distribution D. proximity E. ranking
Last month was Valentine's Day and Martin's daily sales for roses totaled $4,087. This month's sales are $2,904. How much more did Martin's store earn during last month?
A) $2,704 B) $6,591 C) $1,591 D) $1,183
Rapid Sign CorporationSelected data from the financial statements are presented below: 2020 2019 Net income$110,000 $123,000 Cash dividends paid on common stock42,000 38,000 Average number of common shares outstanding140,000 145,000 Treasury Stock70,000 0 Market price per share of common stock at year-end16.00 13.00 Refer to Rapid Sign Corporation. What is the total payout ratio for 2020?
A. 102% B. 88% C. 66% D. 30%
____________________ punctuation style includes a colon after the salutation and a comma after the complimentary closing
Fill in the blank(s) with correct word