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patriot [66]
3 years ago
9

The original cost of an item of inventory is above its replacement cost. The item’s replacement cost is below its net realizable

value but is higher than its net realizable value minus a normal profit. Under the lower of cost or market method, the inventory item should be valued at:________.
A. Net realizable value
B. Original cost
C. Net realizable value less normal profit margin
D. Replacement cost
Business
1 answer:
creativ13 [48]3 years ago
5 0
The answer would be original cost
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Answer:

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Explanation:

The total par value of the preferred stock issue is $100 multiplied by 16,000 which gives $1,600,000 while the remaining $20 per share multiplied by 16,000 that gave rise $320,000 goes to the credit of paid-in capital in excess of par-preferred stock account.

Option A is wrong because the preferred has a par value of $100 hence the total cash proceeds cannot be posted to preferred stock account alone.

Option B is wrong because the excess of $20 per share cannot be posted to retained earnings since it is net income

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2 years ago
The five generic types of competitive strategies include
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Answer:

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Explanation:

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According to researcher researcher Michael E. Porter, there are at least four types of competitive strategies: differentiation, cost leader, low cost approach, and low cost differentiation. Each entrepreneur can use one of these standard strategies or develop his own strategy since flexibility is an important characteristic of competitive strategies, although the reality is that most companies use one of these four generic strategies.

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Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
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Answer:

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3 years ago
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Answer:

Explanation:

X1                    X2              Z

0                      0                0

16                     0                 4,000

0                      10                3,500

8                       6                 4,100

check the picture attached for more explanation

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