The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
Learn more about inventory here:- brainly.com/question/24868116
#SPJ4
Answer: The little spotted kiwi
More in details:
The little spotted kiwi is the smallest species of kiwi. Kiwis are pear-shaped, flightless birds with long legs and beak. Though they look to be covered in fur, kiwis actually have thin, hair-like feathers. Their closest relatives are the emu, ostrich, cassowary and rhea.
Since you provide no options, Government outside source revenue come from everywhere else beside their own initial internal budget.
The biggest outside revenue from the government came from company's and individual taxes. Government usually has their own department to collect such outside revenues<span />
Answer:
Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing.
Money helps to facilitate trade. Money is a medium exchange because buyers and sellers agree to its common value. Money can lose its value during periods of hyperinflation, when too much money is dumped into an economy.
Explanation:
please mark this answer as brainliest
Karma is related to reincarnation because who or what you reincarnate to relates to karma. If you did good deeds, lived a good life, then you have good karma and reincarnate to something better then you were in your previous life. If you did bad things then you would have bad karma, and get the bad thing you did done to you in your next life.
