The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
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Explanation:
the first officer to arrive
<u>Answer:</u>
<em>The colony’s economy depended on trade with Great Britain.</em>
<u>Explanation:</u>
During that time, most of the products of the Georgia were exported to <em>English Navy</em>. Also, England and West Indies were the most important market for trade o the Georgians. Other than trade, protection from the British government was another reason for slow support to <em>American Revolution. </em>
They didn’t believe the new-born country could protect them from <em>neighbouring threats of Spanish and French</em> from south and west respectively. They believed much in the protection of one of most powerful nations, England.
The main way in which colonial government differed from present-day government in the United States is that the governors were all appointed by the King, meaning that the people had far less control over their government than today. Of course blacks and women had practically no rights in the colonial era as well.
Chris's traits would most likely be selected.
According to evolutionary psychology, there are specific behavioural and personality traits which can be seen as evolutionary adaptations. These traits increase the survival rate of the human species and improve the adaptation of the human population in its environment. In this example, Chris is helpful and cooperative, therefore he helps the rest of the community and he is also taking care of his kins and friends. These can increase the survival rate of the human population.