Answer:
True
Explanation:
Consumers mainly sports persons natural liking for their favourite sports brand exists. Sports persons like to buy and wear their favourite brand of shoes, clothed and apparels.
These brands remained immune to threats from other the rival brands because they remain the favourite of the respective sports persons. In other words they remain safe.
The sport person like to wear these brands and perform in the competition. But when the performance does not meet the sports person's expectations, they try to switch brands and go for some other brands.
Thus the answer is True.
- Here are five examples of South Africa's successful competition policy: 1) Consumers were given a variety of product options as well as affordable pricing. 2) In 1984, horizontal collusion and resale price maintenance were ruled illegal.
Answer:
$43,030
Explanation:
IAS 2 Inventories states that inventory is to be recognized at cost, however, subsequent measurement requires that inventory be carried at the lower of cost or net realizable amount (NRV).
As such, where the cost of inventory is higher than the NRV, it is written down to the NRV using the following entries,
Debit Inventory write off/Cost of goods sold
Credit Inventory account
with the difference between the cost and the NRV.
Inventory Quantity Unit Cost Unit NRV New unit cost
Furniture 230 $88 $103 $88
Electronics 53 $430 $315 $315
From the analysis above, the cost of inventory is lower than the NRV for Furniture, hence no adjustment is required. However, the cost of Electronics is higher than the NRV hence a write down is required. This amount is
= ($430 - $315) × 53
=$115 × 53
= $6,095
Total recorded cost(ending) of inventory before any adjustment
= (230 × $88) + (53 × $430)
= $43,030
Answer:
Consists of goods being manufactured that are incomplete.
Consists of materials to be used in the production process.
The answer is A- ensuring product safety and setting safety standards
