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
tangare [24]
3 years ago
9

The lower of cost and market value (net realizable value) rule causes losses in the value of inventory to be recognized in the p

eriod when:_______.
a. The value of inventory declines below cost.
b. The inventory is sold.
c. The inventory is purchased.
d. Cash collection from the customer fails to occur.
Business
1 answer:
Gala2k [10]3 years ago
6 0

Answer:

a. The value of inventory declines below cost.

Explanation:

  • The inventory values are the total cost of the value calculated at the ends of the inventory accounting period and the market value is compared by the lowering of the inventory costs.  
  • For each type of the item the net realized values cause a loss in the values of the inventory which needs to be recognized.
You might be interested in
____________ serve as a central contact point where critical comments, dilemmas, and advice can be assigned to the person most a
asambeis [7]
Hotlines serve as a central contact point where critical comments, dilemmas, and advice can be assigned to the person most appropriate for handling a specific case.
3 0
3 years ago
What payroll deductions might change depending on the state you live in
Blizzard [7]
State and local taxes
6 0
3 years ago
Which of the following would cause a leftward shift of the supply curve for computers? A. an increase in the price of printed ci
Margaret [11]

Answer:

The answer is A.

Explanation:

All other things being equal, an increase in the cost of production of a product will decrease the units of the product being reduced and this reduction in supply shifts the supply curve to left while a decrease in the cost of production will increase the units of the product being produced and this shifts the supply curve to the right.

Printed circuit boards is one of the materials used to build computers and since the price has increased, the cost of producing computer also increases and this will make the producers to produce less, shifting the supply curve to the left.

6 0
3 years ago
Macroeconomic forces contribute to an industry's ability to be profitable. Which of the following examples shows how a company m
Elis [28]

Answer:

A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.

Explanation:

Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.

6 0
3 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C
QveST [7]

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

3 0
3 years ago
Other questions:
  • occurs when one supply chain member perceives that another supply chain member is making decisions in a manner that interferes w
    12·1 answer
  • Cameron industries is purchasing a new chemical vapor depositor in order to make silicon chips. it will cost $ 4 million$4 milli
    13·1 answer
  • States in which region receive more of their revenue from the federal government than do most other states? the west the northea
    9·1 answer
  • Scott Equipment produces​ high-quality soccer balls. If the fixed cost per ball is $ 3 when the company produces 15 comma 000 ​b
    14·1 answer
  • Ronald's Fast Food just paid their annual dividend of $1.05 a shareThe stock has a bela of 1.6. The return on the US Treasury bi
    15·1 answer
  • Q 3.53: During the month of August, Jackson Products recognizes $15,000 in revenues. Jackson's accounting staff records these re
    6·1 answer
  • The market for – is where savers supply funds for loans to borrowers. this market is critical to an economy's output, or gdp. fi
    10·1 answer
  • Which of the following functions is most closely connected with the CPSC?
    9·2 answers
  • ​U.S. businesses are increasingly recognizing that international markets provide enormous opportunities for growth and profit. _
    10·1 answer
  • When a company evaluates the profit/potential of its customers, what group of customers would be considered as key targets?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!