All categories

3 years ago

When applying the lower of cost or market rule to inventory valuation, market generally means?

1 answer:

5 0

The term that is being referred here is the REPLACEMENT COST. What the market generally means when lower of cost or market rule is being applied to inventory valuation, this refers to replacement cost. This is the cost applied to an item when it is being replaced. The cost is being applied is the same as its pre-loss condition.

You might be interested in

Jane is a roofing contractor. Jane's friend needed a new roof but did not have the cash to pay. Jane's friend instead paid with

monitta

According to the references used I believe the answer would most likely be ...

6 0

3 years ago

A certain person goes for a run each morning. when he leaves the house for his run, he is equally likely to go out either the fr

boyakko [2]

<span>if there are no shoes at the door from which he leaves to go running, he runs barefoot. but i would think this to be a math probability question</span>

7 0

3 years ago

There is a great deal of behavior that falls into a gray zone that can be difficult to analyze, however outright bribery is clea

nadya68 [22]

C. Unethical and Illegal

Bribery is offering something such as money or power to do something unethical.

8 0

4 years ago

Read 2 more answers

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,00

Marina CMI [18]

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= $\frac{1}{2}$ × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = $\frac{1}{2}$ × 4 × (2,000 - 1,700)

Deadweight loss = 2 × (3) = $600

Hence,

the correct answer is option (c) $600

4 0

3 years ago

In the past, ___________________ was an important advertising strategy used in movies. Now it is also used with video games. It

e-lub [12.9K]

Answer:

The answer options for this question are as follows:

A) product placement

B) direct mail

C) to commercial

D) sampling

The correct answer is: A) product placement.

Explanation:

Product placement is a market exposure to consumers of a new product on a trial basis. Once the trial period corresponding to the launch has passed, the placement of the product is decided by the establishment, always respecting the requirements of each manufacturer.

Product placement is a hotly contested form of advertising that can be very effective when used well, involves donating or receiving money in exchange for your product being featured on a TV show, in movies, or even in paparazzi photographs.

8 0

3 years ago