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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Answer:
According to Goog|e, "A rebate is a form of buying <u>discount for certain customers</u> and is an amount paid by way of reduction, return, or refund that is paid retrospectively. It is a type of sales promotion that marketers use primarily as incentives or supplements to product sales. Rebates are offered by either the retailer or the product manufacturer."
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The answer is: D. Special
Special election refers to a form of election that conducted before the working period of those who held the previous position officially ended. This tend to happen when the previous holder of the position is unable to resume the duty due to death/illness. Or if the previous position holder is forcefully removed for misbehavior.
Answer:
This coaching gives all decision making power to the athlete. This coaching style allows the athlete to learn and develop as they see fit. This coaching style gives little or direction and allows a high level of autonomy amongst the athletes.
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Answer:
It created many checks and balances, which made tyranny almost impossible. In addition, it created extra legal rights for citizens, for example, freedom of speech.
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