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Question 7 Not yet answered Run Co sells athletic shoes. The following is cost and net realizable value (NRV) information for inventory at December 31 is found below. Marked out of 6.00 F Flag question Required 1 of 2: Calculate the ending inventory balance for inventory using the lower of cost and net realizable value for EACH item by filling in the blanks (3 Marks) Do NOT use Dollar Signs (s), Commas (), or Spaces. Round to the nearest dollar. E.g. 3000 Item Units Unit cost Unit NRV Ending Inventory Dollars Nike 25 $205 $101 Saucony 14 $147 $191 Adidas 53 $261 $261 Required 2 of 2: Shipping terms determines who owns the goods. Describe FOB Shipping Point SELECT ALL THAT APPLY [3 marks) Da Delivery fee is capitalized. Bb. Purchaser owns the inventory while in transit. c. Delivery fee is expensed. Od. Vendor owns the inventory while in transit De Buyer pays for the shipping costs. 1. Seller pays for the shipping costs. Question 8 Not yet answered Net Debt as a % of Total Capitalization Net Debt Interest Bearing Debt-Cash Shareholder's Equity + Interest Bearing Debt-Cash A high Net Debt as a Percentage of Total Capitalization ratio may mean that a company: Marked out of 1 00 F Flag question Select one: O a has a high number of common shares issued. O b. has less debt Oc. is at a higher risk of insolvency. Od may have an easier time making interest payments. Question 9 A company purchased Land, Building, and Equipment on April 1st of the current year for a lump sum price of $89 appraised by the bank and have a total market value of $1,000,000 as follows: Land: $500,000; Building: $400,00 $100,000 Not yet answered Marked out of 200 Flag question How much of the purchase price will be allocated to the land? Choose... + How much of the purchase price will be allocated to the building? Choose