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3 years ago

When reporting inventory using the lower of cost or market, market should not be less than:

Business

1 answer:

Natali5045456 [20]3 years ago

3 0

Answer:

Net realizable value less a normal profit margin.

Explanation:

Lower of cost or market rule of inventory states that cost of inventory recorded must be that at which cost is lower, and the original cost is the current market price.

This occurs when the inventory has become obsolete, market price has declined, or inventory has deteriorated

Net realisable value is defined as selling price minus estimated cost of completion.

So the market value should not be less than net realizable value less a normal profit margin.

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Which one is a disadvantage of the process structure? *

Westkost [7]

Answer: Add and delete divisions

Explanation:

The process structure in organizations is when the organization is divided into different departments such that they're all related to each other for organizational goals to be achieved.

The divisions can include sales, research, manufacturing etc. It brings about more competition among the departments, focuses on customers and brings about flexibility.

Therefore, the disadvantage will be "Add and delete divisions".

4 0

3 years ago

Nina Corp. had the following net income (loss) for the first three years of operations, respectively: $7,100, ($1,600), and $3,6

Oliga [24]

Answer:

$ 8.000 is the amount paid in dividends during these three years.

Explanation:

The total sum of Net Income operation during these three years was $9.100, the money that is not keep in retained earnings it's distributed in dividends.

To end the year with a retained earnings of $1.100, the company have been to paid in dividends $8.000.

Please see details below:

Net Incomes: $7.100 + ($1.600) + $3.600 = $ 9.100

Retained Earnings at end of the period = $ 1.100

Dividends piad by the company = $ 8.000

6 0

4 years ago

An investment offers a total return of 15 percent over the coming year. Janet Jello thinks the total real return on this investm

Sonbull [250]

Answer:

6.78%

Explanation:

Data provided in the question:

Total return i.e nominal rate = 15% = 0.15

Real return = 7.7% = 0.077

Now,

Inflation rate = $\frac{\textup{1 + Nominal rate}}{\textup{1 + Real return }}$ - 1

on substituting the respective values, we get

Inflation rate = $\frac{\textup{1 + 0.15}}{\textup{1 + 0.077}}$ - 1

Inflation rate = [ 1.15 ÷ 1.077 ] - 1

Inflation rate = 0.0678

Inflation rate = 0.0678 × 100% = 6.78%

6 0

3 years ago

Which organization enforces the legal requirement that employers provide a

77julia77 [94]

Answer: B. Occupational Health and Safety Administration

Explanation:

The Occupational Safety and Health Act of 1970 created OSHA, which sets and enforces protective workplace safety and health standards. There are OSHA standards for construction, agriculture, maritime and general industry. Employers also must comply with the General Duty Clause of the OSH Act, which requires them to keep their workplaces free of serious recognized hazards.

5 0

4 years ago

Your plan is to work for 40 years after graduations. You will invest monthly. You plan to start at the end of your first month w

Scrat [10]

Answer:

i. The present worth of the investment is:

= $47,876.51

ii. The investment account will have $9,304,816.43 after 40 years of dumping money into it.

iii. You can withdraw $33,093.11 monthly.

Explanation:

a) Data and Calculations:

Monthly investment = $300

Rate of salary increase = 6% per year.

Monthly increment in investment = 0.5%

Interest rate = 0.75% per month

Total increment = 1.25% per month (0.5% + 0.75%)

From an online financial calculator:

N (# of periods) 480

I/Y (Interest per year) 1.25

PMT (Periodic Payment) 300

FV (Future Value) 9304816.43

Results

PV = $47,876.51

N (# of periods) 480

I/Y (Interest per year) 1.25

PV (Present Value) 0

PMT (Periodic Payment) 300

Results

FV = $9,304,816.43

Sum of all periodic payments $144,000.00

Total Interest $9,160,816.43

Starting Principal $9304816.43

Interest / Return Rate 3

Inflation Rate 0

Years to Payout 40 years

Payout Frequency Monthly

Result

You can withdraw $33,093.11 monthly.

Total interest earned: $6,579,874.12.

8 0

3 years ago