What is the relationship between the gross public debt and the net public debt?

Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota

balu736 [363]

Answer:

Tatum Company

1. The carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to individual products is:

= $ 303,000

2. Adjusting Journal Entry:

Debit Cost of Goods Good $38,000

Credit Inventory $38,000

To write-down the value of ending inventory.

Explanation:

a) Data and Calculations:

Product Total Cost Total Net Realizable Value LCNRV

101 $ 136,000 $ 108,000 $ 108,000

102 99,000 118,000 99,000

103 68,000 58,000 58,000

104 38,000 58,000 38,000

Total $ 341,000 $ 342,000 $ 303,000

Write-down:

Cost of inventory = $341,000

LCNRV of inventory 303,000

Inventory write-down $38,000

8 0

3 years ago

Match the steps for conducting an informational interview with the task involved in each step or its purpose.

notsponge [240]

Explanation:

Informational interview is a bit different interview than a conventional interview. In this interview, a person seeks information from the interviewer. For example if you wish to take an interview of a scientist, you are actually seeking information from him.

In this question, the steps for conducting an informational interview match the following tasks:

1) Research your chosen career field.

a) Learn more about the company that interests you.

2) Identify someone to interview.

b) Make contact through email, a phone call, or mail to arrange the meeting.

3)Prepare for the interview

c) Choose a conservative, professional ensemble to wear

4) Conduct the informational interview

d) Encourage the interviewer to do most of the talking while you take notes

5) Follow up with your interviewer

e) Write a handwritten thank you letter to express that you want to say in touch.

6 0

4 years ago

Food Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Golden Dairy Company. Food can obtain only 20,000 of th

posledela

Answer:

Option C.

Explanation:

From the scenario presented above, Golden is not in any way liable for the inability to supply the total quantity of the 6-ounce yogurt containers, therefore, Golden can choose to reject the delivery of the 8-ounce containers.

Also, Golden can give Food Packaging a reasonable amount of time to enable them replace the containers, of Golden is not in a hurry to begin production and packaging.

5 0

3 years ago

Figuring out why the number and quality of job applicants is falling at IBM and figuring out what to do about

Mama L [17]

Answer:

There could be many reasons to this, there could be many possible reasons, managers need to carefully analyse what might be the cause.

Job advertisement might not be posted in the appropriate newspapers, websites and magazines. Here IBM human resource manager needs to find the most appropriate sources to put the ads.

IBM might not getting the right candidates because the current candidates might positing some negative reviews about its working conditions, here managers need to address this issue properly but figuring out the actual root cause for this problem.

IBM might not presenting the idea of diverse workforce in their recruiting advertisement, here they need to show diverse workforce in their hiring ads.

5 0

3 years ago

granted the president and other officials increased power over banks arrowRight established a safety net to assist poverty-stric

Rama09 [41]

Emergency Banking Act granted the president and other officials increased power over banks.

Social Security Administration: it established a safety net to assist poverty-stricken Americans.

National Recovery Administration (NRA): it wrote regulations for fairer labor practices and a fairer market

Civilian Conservation Corps: it employed young men to develop and protect natural resources.

Bank Holidays: it temporarily closed banking operations to prevent further economic damage.

What gave the president the authority to regulate banks?

The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States.

What was the Emergency Banking Act of 1933?

The Emergency Banking Act was a federal law passed in 1933. Signed into law by President Franklin D. Roosevelt (D) on March 9, 1933, the act granted the president, the comptroller of the currency, and the secretary of the treasury broader regulatory authority over the nation's banking system.

What does the Civilian Conservation Corps do?

The Emergency Conservation Work Act of 1933 mandated that the Civilian Conservation Corps (CCC) recruit unemployed young men from urban areas to perform conservation work throughout the nation's forests, parks, and fields.

Learn more about banking rights:

brainly.com/question/1456933

#SPJ4

5 0

2 years ago

What is the relationship between the gross public debt and the net public​ debt?

What is the relationship between the gross public debt and the net public debt?