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mart [117]
2 years ago
5

when valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term market

Business
1 answer:
Akimi4 [234]2 years ago
7 0

when valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term market Replacement cost, Net realizable value, or Net realizable value less a normal profit margin.

<h3>What is Replacement cost?</h3>
  • The cost to replace a critical asset, such as a piece of real estate, an investment security, a lien, or another object, with one of equal or greater worth is referred to as replacement cost.
  • A replacement cost, which is often referred to as "replacement value," can change depending on a variety of variables, including the cost of preparing assets for use and the market worth of the parts needed to rebuild or repurchase the asset.
  • Replacement costs are frequently used by insurance companies to calculate the value of an insured item. Accountants, who use depreciation to expense the cost of an asset over its useful life, also regularly employ replacement costs.

To learn more about Replacement cost with the given link

brainly.com/question/15046979

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Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system.
Zanzabum

Answer:

Campus Stop, Inc.

Partial Income Statement

Sales revenue                              $323,300

Sales returns                                    ($1,730)

Sales discounts and allowances <u>  ($2,270)</u>

Net sales                                       $319,300

Cost of goods sold                      <u>($172,870)</u>

Gross profit                                   $146,430

Gross profit margin = $146,430 / $319,300 = 45.86%

8 0
2 years ago
Which two tasks does a public affairs officer do?
spayn [35]

Answer:

planning publicity strategies and campaigns. writing and producing presentations and press releases. dealing with enquiries from the public, the press, and related organisations. organising and attending promotional events such as press conferences, open days, exhibitions, tours and visit.

8 0
3 years ago
Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the poll
vitfil [10]

Answer:

d. Firm A will spend $4,000.

Explanation:

Since Firm B cost of Cleanup before it gets the the river is less than the cost of pollution permits, it will choose to clean up its pollution.

However, since Firm A cleanup cost per ton ($100) is greater than the cost of the pollution permit, it will choose to buy permits.

Maximum Allowable Number of Permits=40

Therefore, Firm A will clean up 10 Tons and dump 40 Tons of Waste.

Cost =(10 Tons *$100)+(40 Tons * $75)

=$(1000+3000)

=$4000.

Firm A will spend $4000.

4 0
3 years ago
Read 2 more answers
How are trade deficits related to foreign capital inflows and investment in the united states? gov 312l
liq [111]

As foreign capital inflows offset by the trade deficit shift into the national debt, it frees up capital for private investment and increases U.S. productivity.

This is how trade deficits related to foreign capital inflows and investment in the united states.

Trade includes the transfer of goods or services from one person or organization to another person or organization. Often the goal is money. Economists call the system or network that enables trade a market.

Trade is defined as the general marketplace for buying and selling goods, a way of making a living, or the act of bartering or buying or selling something. An example of a trade is the tea trade where the United States buys tea imported from China.

Active futures traders use a variety of analyzes and methods. From ultra-short term technical approaches to basic buy and hold strategies, there is a strategy for everyone.

Learn more about trade here:brainly.com/question/17727564
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5 0
1 year ago
An office management firm has developed a system for efficiently organizing small medical and dental practices both through prop
Olegator [25]

Answer:

The answer is option C.  achieve economies of scope.

Explanation:

An Economies of scope is a  proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.  

Based on the scenario portrayed in the question, the office management firm is hoping to achieve economies of scope.

6 0
3 years ago
Read 2 more answers
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