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aliina [53]
3 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]3 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>
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Dab Corporation was organized on January 1, Year 1. During Year 1, Dab had the following transactions relating to shareholders'
lisov135 [29]

Answer:

The total shareholders’ equity at the end of Year 1 is $487,400

Explanation:

The computation of the ending total shareholders’ equity is shown below:

= Common stock value in exchange of cash + net income + net holding gains - dividend paid

= $442,400 + $98,000 + $1,000 - $54,000

= $487,400

While calculating the ending balance of shareholder equity we added the net income, net holding gains and deducted the dividend paid to the common stock value amount

6 0
3 years ago
Star workers and star athletes share a high need for​ ______________.
djverab [1.8K]

Star Workers and Star Athletes share a high need for achievement.  

A need for achievement, also know as N-Ach, describes <u>how an individual has a desire to attain either one of these or a combination: skill mastery, great accomplishments, or high standards</u>.

Star workers and athletes are usually individuals who have a high need to become the best or reach great accomplishments in their field, thus it is accurate to say that both groups will have a high need for achievement.

7 0
3 years ago
when my supervisor presents me with multiple situations to see if i know when to implement a certain skill, (s)he clearly does n
Anit [1.1K]

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. The above statement is false.

<h3>What does skill refer to?</h3>
  • A skill is a learned ability to perform an action with predictable results consistently and well within a certain window of time or energy, or both. Domain-general and domain-specific skills are two common categories of skills.
  • For instance, in the field of work, generic skills like time management, teamwork and leadership, self-motivation, and others are useful in all jobs, whereas domain-specific abilities are only applicable to a certain position.
  • To evaluate the amount of ability being displayed and applied, specific contextual triggers and scenarios are typically required.
  • When a skill represents a body of knowledge or a specific field of study, such as the art of war or the art of medicine, it is referred to as an art.

To learn more about skill with the given link

brainly.com/question/9648460

#SPJ4

Question:

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. State whether the statement is true or false.

4 0
1 year ago
In the short run, a supply shock will _________ the equilibrium level of prices and ___________ the equilibrium level output. re
Taya2010 [7]

Answer: raise; reduce

Explanation:

A Supply shock is described as a situation where the supply of a good changes suddenly/ abruptly due to an unforeseen event.

Supply shocks can be positive but are usually negative so we will assume the supply shock is negative here.

If there is a negative supply shock, the amount of goods being produced will reduce abruptly which will force the supply curve to shift left.

It will then intercept the the demand curve at an equilibrium level that has a higher price and a lower quantity of output.

Think of it this way. Negative supply shock ⇒ less goods ⇒ scarcity ⇒ higher prices.

5 0
3 years ago
John's Locomotive Works manufactures a model locomotive. It comes in two versions: a standard (X1) and a deluxe (X2). The locomo
Law Incorporation [45]

Answer:

Explanation:

X1                    X2              Z

0                      0                0

16                     0                 4,000

0                      10                3,500

8                       6                 4,100

check the picture attached for more explanation

3 0
3 years ago
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