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nikdorinn [45]
1 year ago
11

The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits

it can provide.
Business
2 answers:
MissTica1 year ago
7 0

Answer:

The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.

dimaraw [331]1 year ago
4 0

Answer:

1.lower of cost and NRV

2. greater

Explanation:

Quizlet(.com)/283081110/chapter-6-flash-cards/

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The two characteristics of a competitive market are 1) many buyers and sellers in the market and 2) the goods offered by the var
FrozenT [24]

Answer:

1. True

2. False

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

An example of perfect competition is the market for farm produce.

I hope my answer helps you

5 0
3 years ago
In your own words, discuss GAP management and then suggest a way to reduce the impact of its limitation. Do not duplicate limita
vichka [17]

Answer:

Gap management is a strategy which every business follows. A business can be successful only if it sets goals for its future.

Explanation:

Gap management is the difference between where an organization stands today and where it wants to be in future. A company's management will set its own targets and then sets position of the company. There are limitation of gap management as there can be targets which are sometimes unachievable or there are some external forces which hinders the business progress.

5 0
3 years ago
I have been struggling with quizzes
Rudiy27

Answer:

same here

Explanation:

6 0
3 years ago
Read 2 more answers
There’s 15 questions and this is 5.
son4ous [18]
I believe the answer is preparing a list of vegetables to purchase. That’s the only option that makes sense with his job.
4 0
3 years ago
Equipment costing $37,200 is purchased at the beginning of the year for cash. Depreciation on the equipment is $6,200 per year.
mr Goodwill [35]

Answer:

$16000

Explanation:

3 0
3 years ago
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