It's when the Recycle Bin or Trash is emptied :3
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.
Answer:
Dr Cash 16,000
Dr Loss on Sale of Stock investment 6,000
Cr Stock Investments 22,000
Explanation:
Preparation of the Journal entry to record the sale
Based on the information given we were told that the Corporation sells shares of 400 common stock which is being held as a short-term investment in which the shares were been acquired 6 months ago at the amount of $55 per share which means that if Cooke sold the shares for the cost of $40 per share. The entry to record the sale will be :
Dr Cash 16,000
(400*40 shares)
Dr Loss on Sale of Stock investment 6,000
(22,000-16,000)
Cr Stock Investments 22,000
(400*55 shares)
(Being to record sales)
Answer:
The correct answer is 8.23%.
Explanation:
According to the scenario, the computation can be done as:
WACC of debt = Respective costs of debt× Respective weight of debt
= (0.4 × 5)
= 2
WACC of preferred = Respective costs of preferred × Respective weight of preferred
= (0.15 × 7)
= 1.05
WACC of common equity = Respective costs of common equity × Respective weight of retained earning
= (0.45 × 11.5)
= 5.175
So, Total WACC = WACC of debt + WACC of preferred + WACC of common equity
= 2 + 1.05 + 5.175
= 8.225 or 8.23 (approx.)
Answer:
D. greater ability to obtain information is the correct answer.
Explanation:
