1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepladder [879]
3 years ago
6

Why are inventories stated at lower-of-cost-or-market?a. To report a loss when there is a decrease in the future utility.b. To k

eep track of the market value of the inventory.c. To report a loss when there is a decrease in the future utility below the original cost.d. To permit future profits to be recognized.
Business
1 answer:
Helga [31]3 years ago
4 0

Answer: The correct answer is "c. To report a loss when there is a decrease in the future utility below the original cost."

Explanation: When talking about current assets, or more precisely, Merchandise inventory, it is common that sometimes the sale value is less than the original cost of the assets, therefore a negative holding result is produced, that is, a loss.

You might be interested in
Consider a hypothetical economy in which the marginal propensity to consume (MPC) is 0.50. That is, if disposable income increas
evablogger [386]

Answer:

The level of saving =  $450 billion - $400 billion= $50 billion

Marginal propensity to save = 1- marginal propensity to consume (MPC)=0.5

Expected consumption

MPC=  change in Consumption/ change in income 200 billion * 0.5 = $100billion

Therefore consumption = 100 billion + 400 billion = $500 billion

Saving = $650 billion - $500 billion=  $ 150 billion

Explanation:

4 0
3 years ago
If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, th
Digiron [165]
<span>If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then the quantity of products will be growing and growing in the stock. this will again lead to a decrease in price and consumes more time to sale their stock. This will create a heavy loss to the investor. It may be overcome by innovative thoughts such as stopping the production of current product and launching a new product with available materials. So that it will balance the production and sale.</span>
6 0
3 years ago
What are the three riches nations in the world​
Rus_ich [418]

Answer:

1. Qatar

2. Macao SAR

3. Luxembourg

Explanation:

The 3 wealthiest countries in the world according to GDP (PPP) is Qatar - $134,623, Macao SAR - $122,201 and  Luxembourg - $108,813

5 0
3 years ago
OSHA is an acronym that represents:
Svetach [21]
Your answer would be D.) Occupational safety and health administration 

5 0
3 years ago
4. When Jenna confided in Lew and Al that she, too was concerned about adding additional risk, Lew suggested that they explore t
deff fn [24]

Answer:

limited liability company

Explanation:

A limited liability company (LLC) can be regarded as a business structure that is very common in the United States, these business structure can be regarded as a one in which the owners can not be regarded as been personally liable for debts as well as the liabilities of the company. Limited liability companies can be regarded as hybrid entities which is the combination of the features of corporation s well as partnership

6 0
3 years ago
Other questions:
  • Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two models - one mainly used for
    7·1 answer
  • What factors underlay the decision by Volkswagen to invest directly in automobile production in Russia? Why was FDI preferable t
    9·1 answer
  • Label the following hypothetical demand scenarios. Use the midpoint method.
    5·1 answer
  • If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you
    7·1 answer
  • When supply and demand meet at the equilibrium point, prices in the market will:____________.
    7·1 answer
  • Monic, a college professor, makes 30 photocopies of a passage from a famous novel and passes the article out to her students. Th
    8·1 answer
  • Flaws are counted on a standard steel plate (sheet). Each sheet has the exact same dimensions. If 8 sheets are selected at rando
    8·1 answer
  • Which of the following is the term used to describe the institutional arbitrage of various securities, including stocks and opti
    14·1 answer
  • The records of Lohse Stores included the following data: Inventory, May 1, at retail, $14,500; at cost, $10,440 Purchases during
    13·1 answer
  • Mr. Fitzgerald is selling his home to permanently move into a retirement facility near his daughter in a neighboring state befor
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!