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3 years ago

In applying LCM, market cannot be:

Business

1 answer:

marissa [1.9K]3 years ago

7 0

Answer: A. Less than net realizable value minus a normal profit margin.

Explanation:

LCM stands for lower of cost or market. According to certain accounting principles which you follow, the rule states that you must identify your inventory amount either lower of its replacement cost or its historical cost (cost at the time of purchase).

Therefore, Lower of cost cannot be less than net realizable value which is the NRV which takes into account impairments (loss to the inventory due to being idle) minus a normal profit margin.

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Which family deployability checklist will prompt you to make sure that you make arrangements for preparation of your family's ta

Musya8 [376]

The answer is family "finance" deployability checklist.

This Checklist of family refers to the list that will make sure that arrangements are made for a family's tax return. It is created under Financial on the checklist. Medical, legal/administrative, and transportation/automobiles are considered as family deployability checklists.

6 0

3 years ago

The following data is available for Everest Company:

Lady bird [3.3K]

Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

c. Average Stockholder's equity = (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity = Net income / Average stockholder's equity = $112 / $525 = 21.33%

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income $112

Less: Ending retained earnings -$366

Dividends $92

5 0

3 years ago

Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to

Mekhanik [1.2K]

Answer:

a) 469.40%

b) 18.15%

Explanation:

Total nominal growth rate = $(\frac{\textup{Earned income in 2016}}{\textup{Earned income in 1976}}-1)\times100\%$

thus,

Total nominal growth rate = $(\frac{\textup{52,624}}{\textup{9,242}}-1)\times100\%$

= 469.40%

b) Total real growth rate = $(\frac{\textup{Real earned income in 2016}}{\textup{Real earned income in 1976}}-1)\times100\%$

now,

Real earned income in 1976 = $\frac{\textup{Earned income in 1976}}{\textup{CPI in 1976}}$

= $\frac{\textup{9,242}}{\textup{45.6}\%}$

= $20,267.54

and,

Real earned income in 2016 = $\frac{\textup{Earned income in 2016}}{\textup{CPI in 2016}}$

= $\frac{\textup{52,624}}{\textup{219.75}\%}$

= $23,947.21

Therefore,

Total real growth rate = $(\frac{\textup{23,947.21 }}{\textup{20,267.54 }}-1)\times100\%$

= 18.15%

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3 years ago

On August 31, 2018, the general ledger of The Dean Acting Academy shows a balance for cash of $7,904. Cash receipts yet to be de

12345 [234]

Answer:

Não Sei muito Bem mas sei que ganho muito dinheiro com meu site: https://fazerdinheiroonline.net.br/ganhar-dinheiro-na-internet/

Explanation:

Aprenda Como ganhar Dinheiro na Internet aqui mesmo

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3 years ago

In most organizations, who is primarily responsible for appraising an employee's performance

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It is and should be the managers job to do that

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3 years ago