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
julsineya [31]
3 years ago
11

For purposes of allocating joint costs to joint products, the estimated net realizable value at split-off is equal to A. final s

ales price reduced by cost to complete after split-off. B. sales price less a normal profit margin at the point of sale C. separable product cost plus a normal profit margin. D. total sales value less joint costs at point of split-off.
Business
1 answer:
Marta_Voda [28]3 years ago
5 0

Answer:

A. Final sales price reduced by cost to complete after split-off.

Explanation:

Net realizable value (NRV) is explained here to be the value of an asset that can be realized upon the sale of the asset, less a reasonable estimate of the costs associated with the eventual sale or disposal of the asset. It is a common method used to evaluate an asset's value for inventory accounting. NRV is a valuation method used in both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

Many business transactions allow for judgment or discretion when choosing an accounting method.

A conservative approach means that the accountant should use the accounting method that generates less profit and does not overstate the value of assets.

You might be interested in
Describe either a desire-based or fear-based advertisement that you have seen. Explain what desire or fear you think the ad is u
joja [24]

Desire-based advertising is used to drive people to purchase items based on a desire for it.  An example for desire-based advertising is to draw people in to a store based on a sale of an item that they desire. A fear-based advertisment can be for insurance. They advertise against the "what ifs" and "what could happen" if you do not hold car insurance and end up needing it.

3 0
4 years ago
On April ​3, a customer returned $ 900 of merchandise that had been purchased with cash to Cooke Supplies. Cooke​'s cost of the
PIT_PIT [208]

Answer:

The Journal entries are as follows:

(i) Sales revenue A/c  Dr. $900

          To Cash  $900

(To record the correction in sales revenue)

(ii) Merchandise Inventory A/c  Dr. $200

           To Cost of Goods sold  $200

(To record the merchandise returned)

Note:

(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.

(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.

4 0
3 years ago
If the bath was set to 80 °c, what do you think would happen to the rate of photosynthesis
Dmitry_Shevchenko [17]

The rate of photosynthesis would be slowed down, the rapid heat increase would put the plant into a sort of shock, slowing down the cells activities and then the plant would eventually die

8 0
3 years ago
On March 1, 2019, Baltimore Corporation had 60,000 shares of common stock outstanding with a par value of $5 per share. On March
Eva8 [605]

Answer:

The retained earning would be debited by ($60,000)

Explanation:

According to the given data we have the following:

Number of shares outstanding=60,000

par value of $5 per share

stock dividend declared=cc

Therefore,  to calculate the amount either (debited) or credited to retained earnings we would have to make the followin calculation:

Dividend value=Number of shares outstanding×par value of $5 per share×stock dividend declared

Dividend value=60,000×$5×20%

Dividend value=($60,000)

Therefore, as the dividend paid reduces retained earnings, the retained earning would be debited by ($60,000)

3 0
3 years ago
2. Why has the U.S. become a spending society?
aleksklad [387]
Geared to entice people to spend I think
7 0
2 years ago
Other questions:
  • "Our teams in different countries have learned a great deal, and I am putting together an international team to study and share
    14·1 answer
  • The ratio of the increase in ________ to the increase in ________ is called the multiplier.
    5·1 answer
  • You want to show the stock price of a company over the last 6 months. What type of chart would be best for this purpose?
    9·1 answer
  • Cracker Corporation began a special promotion in July 2016 in an attempt to increase sales. A coupon was included in various pri
    11·1 answer
  • In the competitive-parity method of setting an advertising budget, the budget is set based on ________. Group of answer choices
    11·2 answers
  • Graphical information can be useful in
    7·2 answers
  • Using PPS sampling, determine the sample size that you want to use for sending accounts receivable confirmations. Draw on the in
    6·1 answer
  • Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021, with a performanc
    7·1 answer
  • The Varone Company makes a single product called a Hom. The company has the capacity to produce 40,000 Homs per year. Per unit c
    11·1 answer
  • _______ involves the process of defining the marketing mix variables so that target customers have a clear, distinctive, desirab
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!