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3 years ago

Lower-of-cost-or-market as it applies to inventory is best described as the:

Business

1 answer:

Verdich [7]3 years ago

4 0

Answer:

The correct answer is A

Explanation:

Lower of market or cost rule is the one which states or describe that a business or firm need to record the inventory cost at lower, that means whichever cost or the current market price is lower.

It is the term which is best illustrated as the drop or decrease of future utility below the original or the actual cost of the inventory.

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Human capital is

Black_prince [1.1K]

Answer:

B: an important determinant of wages, and it affects the production of goods and services.

Explanation:

Employees with their knowlege, skills and experience is valuable for a company and its economy; they they represent the company's asset, its human capital , which also includes other characteristics related to people instead of physical capital and machinery, such as: loyalty, intelligence, health, etc. The human capital has a direct relation with the produtivity and its consequent profits.

6 0

3 years ago

The person who receives financial protection from a life insurance plan is called

kirza4 [7]

The answer to this question is A. Beneficiary
Payer is the person who buy the insurance (not necessarily for themselves only, can be given to their family or friends). Insured can not only be a person, but it also can be an object (such as cars). And the giver is the company who provide the insurance service for the payer.

7 0

3 years ago

Read 2 more answers

If the revenue for a certain product is $9.00 each and the company sells x products, then the revenue equation is R = 9x. If the

zvonat [6]

Answer:

The company must sell 10,00 products to break even

Explanation:

If you use the approached suggested in the question, you can solve for break even quantity by setting revenue to equal cost

R = C => 9x = 50,000 + 4x => 5x = 50,000 => x =10,000

Double check:

10,000 products sold as $9 would fetch $90,000 in revenue

Producing 10,000 products would incur 50,000 + 4 * 10,000 = $90,000 in total costs

=>The solution is correct

3 0

4 years ago

A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo

mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

brainly.com/question/1084194

4 0

2 years ago

Producer surplus equals a. Value to buyers - Costs of sellers. b. Amount received by sellers - Costs of sellers. c. Value to buy

aev [14]

Answer:

Amount received by sellers - Costs of sellers.

Explanation:

Producer surplus is the difference between the price of a good and the cost to sellers. It is the difference between price and the least amount sellers would be willing to sell their products.

Consumer surplus is the difference between the price at which the consumer values the good and the price of the good.

Consumer surplus = Value to buyers - Amount paid by buyers.

I hope my answer helps you

5 0

3 years ago