Excellence in Business Communication (11th Edition)
11th Edition
ISBN: 9780133544176
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Question
Chapter 1, Problem 16LOC
Summary Introduction
To determine:
How crucial is it to frequently reconnect with colleagues and customers in person?
Introduction:
Nowadays businesses rely heavily on technology to improve communication. With the advancement of such communication sources, technology has not only brought benefits for communication but also ways to hinder it. Use of technology is an effective tool to improve social communication but not as a tool to replace interpersonal communication.
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Presented below is information related to Swifty Inc.'s inventory,
assuming Swifty uses lower-of-LIFO cost-or-market.
(Per unit)
Skis
Boots
Parkas
Historical cost
$285.00 $ 159.00
$ 79.50
Selling price
$318.00
$217.50
$ 110.63
Cost to distribute
$ 28.50
$ 12.00
$ 3.75
Current replacement cost
$304.50 $157.50
$ 76.50
Normal profit margin
$ 48.00
$ 43.50
$ 31.88
Determine the following:
a. The two limits to market value (i.e., the ceiling and the floor) that
should be used in the lower-of-cost-or-market computation for skis.
Celling Limit $
Floor Limit $
b. The cost amount that should be used in the lower-of-cost-or-market
comparison of boots.
The cost amount $
c. The market amount that should be used to value parkas on the basis
of the lower-of-cost-or-market.
The market amount $
All 3 questions take and provide correct solutions
Carmelita Inc. has the following information available:
Costs from Beginning
Direct
materials
Conversion
costs
Inventory
Costs from Current
Period
$5,100
6,800
$ 20,200
1,46,900
At the beginning of the period, there were 500 units in a process that
was 45% complete as to conversion costs and 100% complete as to
direct materials costs. During the period, 5,100 units were started and
completed. The ending inventory contained 400 units that were 29%
complete as to conversion costs and 100% complete as to materials
costs. The company uses the FIFO process cost method.
The equivalent units of production for direct materials and conversion
costs, respectively, were:
a. 5,100 from direct materials and 5,491 for conversion costs.
b. 5,491 for direct materials and 5,500 for conversion costs.
c. 5,491 for direct materials and 5,491 for conversion costs.
d. 5,500 for direct materials and 5,491 for conversion costs.
Chapter 1 Solutions
Excellence in Business Communication (11th Edition)
Ch. 1 - Prob. 1CACh. 1 - Prob. 2CACh. 1 - Prob. 1LOCCh. 1 - Prob. 2LOCCh. 1 - Prob. 3LOCCh. 1 - Prob. 4LOCCh. 1 - Prob. 5LOCCh. 1 - Prob. 6LOCCh. 1 - Prob. 7LOCCh. 1 - Prob. 8LOC
Ch. 1 - Prob. 9LOCCh. 1 - Prob. 10LOCCh. 1 - Prob. 11LOCCh. 1 - Prob. 12LOCCh. 1 - Prob. 13LOCCh. 1 - Prob. 14LOCCh. 1 - Prob. 15LOCCh. 1 - Prob. 16LOCCh. 1 - Prob. 17LOCCh. 1 - Prob. 18LOCCh. 1 - Prob. 1AYKCh. 1 - Prob. 2AYKCh. 1 - Prob. 3AYKCh. 1 - Prob. 1PYSMFACh. 1 - Prob. 4ECh. 1 - Prob. 5ECh. 1 - Prob. 6ECh. 1 - Prob. 7ECh. 1 - Prob. 8ECh. 1 - Prob. 9ECh. 1 - Prob. 10ECh. 1 - Prob. 11ECh. 1 - Prob. 12ECh. 1 - Prob. 13ECh. 1 - Prob. 14ECh. 1 - Prob. 15ECh. 1 - Prob. 16ECh. 1 - Prob. 1EYSCTPCh. 1 - Prob. 1SYCKO
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