Answer:
the value of the inventory reported is $280,000
Explanation:
The computation of the inventory reported on the balance sheet is shown below:
As we know that the inventory should be recorded at lower cost of cost or market value. So here the same is applied
= Lower amount of market A + Lower amount of market B + Lower amount of market C
= $91,000 + $61,000 + $128,000
= $280,000
hence, the value of the inventory reported is $280,000
Answer:
$1,600
Explanation:
It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600
Parties place a considerable amount of attention on compensation plans because: Attracting exemplary employees with good compensation packets can translate into a competitive edge.
<h3>What is the importance of compensation and benefits?</h3>
Compensations and benefits are important elements of human resource management as it helps the force keep going. These compensations support the workforce inspired to achieve more. It helps the community award its employees established on their performance and allows them to excel at every venture they undertake. When employees are a part of a team their compensation should be: founded on team performance, with supplemental rewards for those workers who make outstanding personal assistance.
To learn more about Compensations and benefits visit the link
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Answer:
the avergae inventory amount is $44,750
Explanation:
The computation of the average inventory would be
= (Opening inventory + beginning inventory) ÷ 2
= ($41,200 + $48,300) ÷ 2
= $89,500 ÷ 2
= $44,750
hence, the avergae inventory amount is $44,750
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The other values would be ignored
Formal contract.
A bond is a contract of <em>recognizance </em>meaning the person agrees to follow certain conditions, such as appearing back in court when summoned.
