Answer:
a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
Explanation:
As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.
And if the replacement cost lies in this range than it represents the designated market value.
Hence, option a is correct.
Answer:
the net cash used in financing activities is -$3,803,000
Explanation:
The computation of the net cash used in financing activities is shown below:
= Payment of cash dividend - payment for early retirement + proceeds from the sale of treasury stock
= -$280,000 -$3,974,000 + $451,000
= -$3,803,000
hence, the net cash used in financing activities is -$3,803,000
WE simply applied the above formula
Answer: 15.42%
Explanation: PV ( present value) = $21,320
FV (Future Value) =$ 32.1 million.
Years(y) = 1947-1998 = 51years
r = (FV/PV)^(1/y) - 1
r = ( $32,100,000 / $21,320) ^ ( 1/51) - 1
r = ( $1505.6285)^ ( 0.0196) - 1
r = 1.15421 - 1
r = 0.0154205 X 100%
r = 15.42%
Answer:
it began in 1760. it started there because of the new inventions that were made like the cotton gin, electricity and other inventions. More and more countries got access to these inventions and they became more and more industrialized and urban.
Answer:
Explanation:
Please check attachment for the solution to the question.
