1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliina [53]
2 years ago
8

P19 - 104. in applying the lower of cost or market method to inventory valuation, market is defined as:

Business
1 answer:
vlabodo [156]2 years ago
8 0
<span>lower-of-cost-or-market It is inconsistent because losses are recognized but not gains. b. It usually understates assets. c. It can increase future income. "market" in the lower-of-cost-or-market rule be more than estimated selling price in the ordinary course of business less reasonably predictable costs of completion and disposal. Designated market value is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin Lower-of-cost-or-market is most conservative if applied to individual items of inventory. the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory is to prevent overstatement of the value of obsolete or damaged inventories.</span>
You might be interested in
If i'majuiceco. establishes a bottling plant in delaware, it will most likely use production technologies that require more work
AnnZ [28]

Answer:

D) Use production technologies that conserve on the number of workers.

Explanation:

7 0
3 years ago
2. Describe one long-term goal that you have and at least two things you will need to do in order to accomplish that goal.
Artist 52 [7]

Answer:

be a music producer

Explanation:

3 0
3 years ago
Which statement about demand is true?
NISA [10]

Answer:

B. the demand for a product and its price has a direct relationship

Explanation:

demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.

3 0
2 years ago
A demand curve:
Arada [10]

Answer:

3. indicates the quantity demanded at each price in a series of prices.

Explanation:

The demand for a product can be described as the quantity that buyers are willing and able to buys at a given price or different prices. As per the law of demand, an indirect relationship exists between the price and demand for a product. This relationship can be expressed in a graph format known as a demand curve or as a table format known as the demand schedule.

A demand curve is downward sloping. It demonstrates how demand varies at different prices.  A change in price cause movement along the demand curve. Low price results in high demand, while high prices result in low demand.

7 0
2 years ago
The Laffer curve shows the relationship between tax rates and ____________ and depicts the benefits of cutting taxes when tax ra
MrMuchimi

Answer: tax revenue

Explanation:

The Laffer Curve was developed by Arthur Laffer and it depicts the relationship that exists between the tax rates and tax revenue.which the government collects.

The curve is typically used to show that there can be an increase in the total revenue for an economy when the tax rate is reduced.

7 0
2 years ago
Other questions:
  • Patrick has an old car and wants to keep his insurance costs down, but he wants coverage in case he damages the property of othe
    15·1 answer
  • Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
    6·1 answer
  • When Kimberly begins working for Pharmco Industries the company tells her that at a future after so many years of employment wit
    13·1 answer
  • Navarro, Inc., issued $250,000 of eight percent, 20‑year bonds at 98 on June 30, 2012. Interest is payable semiannually on Decem
    6·1 answer
  • Why shouldn’t applicants to job openings send their cover letter as an attachment in an e-mail? When would it be acceptable to s
    5·1 answer
  • On August 1, 2017, a company borrowed cash and signed a one-year interest-bearing note on which both the face value and interest
    12·1 answer
  • Assume you have a property insurance contract which includes an 80% coinsurance provision. The insured building is worth $5,000,
    14·1 answer
  • What is one benefit to working collaboratively on a team
    7·1 answer
  • What is a business opportunity?
    14·2 answers
  • What types of issues should be agreed upon at the first level supervisor level and which ones do you think need to be elevated?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!