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2 years ago

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

1 answer:

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.

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HS 101 Intro to Economics Quiz

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3 years ago

What is financial literacy and why is it important.

FromTheMoon [43]

Answer:

Financial literacy is a set of skills and knowledge that allows one to make effective decisions with their financial resources.

Explanation:

Why is it important? Well, being financially literate ensures financial stability and security. It also allows you to have a variety of different financial skills; such as creating a budget, understanding how credit works, being able to save for retirement, and becoming wiser with how to manage your money.

Hope this helps! Have an amazing day! :D

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2 years ago

An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization

lapo4ka [179]

Answer : true

Explanation:

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3 years ago

Reggie is busy trying to prepare a complicated recipe for dinner when his sons come in asking him who can use the computer first

alexandr402 [8]

the other son, possibly should get the computer first, because he doesn't need it for much, while the 1st son needs it for a number of things

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4 years ago

a common mistake that team leaders and supervisors make is to talk too little during the first team meetings.

asambeis [7]

Talking too little in the first team sessions is a common error made by managers and team leaders.
Everyone makes mistakes, but managers and leaders are more likely than others to do so. These include misinterpreting your role, providing poor feedback, being very "hands-off," and inadequate delegation.

It is true that committing a mistake might provide an opportunity for learning. However, taking the effort to understand how to spot and avoid frequent errors will help you become successful and productive while also earning the respect of your team.

Which seven traits must leaders avoid in order to be successful?

7 Characteristics No Leader Should Possess

The propensity for micromanagement.
Absence of excitement or optimism.
Opposition to novel concepts.
Make use of fear as a motivator.
Failure to appreciate work well done.
They don't express their expectations in a clear manner.
Emotional intelligence is lacking.

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2 years ago