1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nignag [31]
3 years ago
7

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.

You might be interested in
Need Help ASAP!!!
svetlana [45]
Q: What was the central point that Bastiat was trying to make in his imaginary petition of the candle makers? A: <span>The "Candle Maker's Petition" is a satire of protectionist </span>tariffs<span> written the by great French economist, </span>Frederic Bastiat.
<span>
Q:</span><span>Do you agree with Bastiat? A: this is an opinion. no right or wrong.

Q:</span><span>Why or why not? How does this argument relate to current arguments about free trade? A: Again your opinion if needed for this responce.
</span>

5 0
2 years ago
Criticism is hurtful because it makes one feel as if _______.
bija089 [108]

Answer:

a

Explanation:

they may feel like this because they're being talked about or like they're doing something wrong

5 0
2 years ago
Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumpti
Aleonysh [2.5K]

Answer:

The government policy should have reduced beer consumption by 0.6 or 60%

Explanation:

Mid point formula calculates the ratio of mid point of change in demand and change in price to their average value. Then these changes are used in the calculations of elasticity of demand.

According to given data:

Elasticity of demand = 0.9

Midpoint of price  = (20-10) / [(20+10)/2] = 10 / 15 = 0.6667

Elasticity of Demand = Midpoint of demand / Midpoint of price

0.9 = Midpoint of demand / 0.6667

Midpoint of price = 0.9 x 0.6667 = 0.6

Change in demand is should reduce the consumption by 0.6 or 60%.

4 0
2 years ago
Read 2 more answers
How to get a workers permit at 14 If you drop out of school in Pennsylvania
lidiya [134]
Well, for one, yes you can work when you are 14 in Pennsylvania.
<span>
To get a work permit, you must go to your school district to get your work permit, as they are responsible. This is for any student in any kind of school (online, traditional, charter, etc)
</span>
hope this helps
8 0
3 years ago
Read 2 more answers
Sarah is delivering a presentation on time management in the workplace. Each slide consists of not more than four to five points
svetlana [45]

In PowerPoint, you can use the speaker note section to make notes to yourself of things you want to be sure and say during your talk. The audience will not see these notes, they are only on the presenters screen (if the presentation is configured properly).

4 0
2 years ago
Other questions:
  • Taxes cause deadweight losses because they
    6·2 answers
  • Using income as the tax base, which of the following best illustrates a regressive tax? Multiple Choice 1. the corporate income
    9·1 answer
  • The way you spend your time and energy is your _____.
    7·2 answers
  • Which of the following choices is a movement along the demand curve showing that a different quantity is purchased in response t
    11·1 answer
  • Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its aver
    7·1 answer
  • Transactions for Buyer and Seller Sievert Co. sold merchandise to Vargas Co. on account, $148,600, terms FOB shipping point, 2/1
    12·1 answer
  • 1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza
    15·1 answer
  • When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to
    14·1 answer
  • A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The contribution margin ratio is
    13·1 answer
  • a manager's reluctance to delegate, as seen in the video, relates to which of the four management functions?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!