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agasfer [191]
1 year ago
5

under which inventory cost flow assumption does inventory on the balance sheet best approximate its current cost?

Business
1 answer:
scoray [572]1 year ago
8 0

The inventory cost flow assumption does inventory on the balance sheet best approximate its current cost is first-in, first-out.

Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.

Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.

On the balance sheet of an organization, it is categorized as a current asset.

The three different categories of inventory are raw materials, finished commodities, and work-in-progress.

The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.

Learn more about inventory here:

brainly.com/question/14184995

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Answer:

3 years

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Explanation:

Cash payback period measures how long it takes to recover the amount invested in a project from the cumulative cash flow.

Amount invested = $-1,000,000

Amount recovered in year 1 = $-1,000,000 + $400,000 = $-600,000

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Amount recovered in year 3 = $-280,000 + 280,000 = 0

The amount invested is recovered In the 3 year

Average accounting rate = average net income/ average book value

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I hope my answer helps you

8 0
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A professional basketball players' union negotiates a contract that dramatically increases all players' salaries. How would this
Misha Larkins [42]

Answer:

B) It would increase the opportunity cost of becoming a broadcaster.

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6 0
2 years ago
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Answer:

$6.29

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Therefore:

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8 0
3 years ago
Read 2 more answers
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