Answer:
Inventory Cost = $14,500
Explanation:
Using the lower of cost or market method implies firstly valuing the inventory at the purchased cost (historical cost). But as the value of a good can change and if the price at which the inventory can be sold falls below its net realizable value the loss (and new value) must be recorded. It is a method for adjusting asset values in subsequent reporting periods.
Answer:
The correct answer is "recorded in the current account"
Explanation:
The current account is a great indicator of an economy's strength. It records the national transactions with the rest of the world, it trades goods and services and refers to exports minus imports, in other words, net current transfers over a defined period of time.
OPTIONS:
A. Use the results of subordinate feedback to identify avenues for employee development.
B. Give the employees greater opportunities to observe the behavior of their manager.
C. Require that the employees giving subordinate feedback identify themselves.
D. Limit the information gathering by subordinates to short periods once a year.
E. Discontinue subordinate feedback, because it has undesirable consequences.
Answer:
A. Use the results of subordinate feedback to identify avenues for employee development.
Explanation:
Given the scenario that is described in the question, the best way for Platter Place to use feedback gotten from subordinate is to use the results of the feedback to discover areas of employee development that can be improved on. This would enable the empowerment of Platter Place employees as subordinates would get a chance to freely register their concerns and views on the performance of the company. The company would be able to know where they are lacking in terms of employee empowerment, and would also give a clear idea on what areas that needs to be worked on to improve the development of employees effectively.
