Answer:
See explanation section
Explanation:
Give
The cost value for each of the inventory item is as follows:
Product Cost Price
D $88
E $94
F $94
G $94
H $59
I $42
Now, we determine the net realizable value for each of the product:
Net Realizable Value = Selling price - Cost to compete - Selling costs
Product Net Realizable Value
D $93
E $73
F $70
G $41
H $82
I $47
Now, using the LCNRV (Lower of cost or Net Realizable Value) rule, the proper unit value for balance sheet reporting purposes at December 31, 2020, for each of the inventory items -
Product LCNRV
D $88
E $73
F $70
G $41
H $59
I $42
Answer:
The correct answer is Reinstatement.
Explanation:
The Reinstatement provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force.
A reinstatement clause is a clause in insurance policy which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.which grants the policy owner the right to reinstate a lapsed policy for specified reasons, such as non-payment of premiums, by furnishing satisfactory evidence of insurability and paying all unpaid premiums.
Answer: 15.35%
Explanation:
The total nominal return over the two years if inflation is 2.4% in the first year and 4.4% in the second year will be calculated thus:
= (1+Interest rate)² -1
= (1 + 7.4%) - 1
= (1 + 0.074)² - 1
= 1.074² - 1
= 1.153476 - 1
= 0.153476
= 15.35% over the two years
Answer:B. Opponents of active stabilization policy believe that significant time lag in both fiscal and monetary policy often excercebate economic fluctuations.
C. Advocate of active stabilization policy believe that the government can adjust monetary and fiscal policy to counter waves of excessive optimism and pessimism among consumers and business.
Examples of automatic stabilizer
A. Corporate income taxes
B. Personal income taxes
Explanation:
Stabilization policy helps to stabilize the economy during expansionary or deficit period however a lag in the implementation will surely affect getting the right outputs from the implementation.
The economy has inbuilt stabilizer s that tend to correct excessiveness in economy such as the personal and corporate tax . The federal fund rate will be adjusted as the need be to stabilizer the economy even though it can be used as a stabilizer but it's not an automatic stabilizer.
