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Over [174]
3 years ago
6

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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The lowest school dropout rate in the united states in 2008 occurred for:
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The status dropout rates measures the percentage of individuals who are not enrolled in a certain class or who does not have any school credentials. In the U.S by the year 2008  there was approximately 3.0 million drop out at ages 16 through 24 years old, all were living in United States. 
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The Fisher formula is expressed as _____ where R is the nominal rate, r is the real rate, and h is the inflation rate.
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The Fisher formula is expressed as 1+R = (1 + r) x (1+ h) where R is the nominal rate, r is the real rate, and h is the inflation rate.

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2 years ago
Neot was just​ promoted, and what​ she's most excited about is that she now gets a corner office and a designated spot in the em
Delicious77 [7]

Answer:

Esteem needs.

Explanation:

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3 0
3 years ago
A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a
Mrac [35]

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$22,000 gain.

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Please see attachment

3 0
2 years ago
At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac
Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

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= $20,000 - $13,500

= $6,500

4 0
3 years ago
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