Answer:
Product 1 - $36
Product 2 - $ 96
Product 3 - $66
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
The NRV is the Selling price less the cost to sell.
Given
Product 1 Product 2 Product 3
Cost $36 $ 106 $ 66
Selling price $ 88 $ 168 $ 118
Costs to sell $ 9 $ 72 $ 26
NRV $ 79 $ 96 $ 92
Answer:
False
Explanation:
Balance sheets relate to balance and expenditure over a period.
Answer: Price leadership
Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.
In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.
The answer is D because if u were in a flood it would mess up ur car
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Answer:</u></h3>
One Price Rule with Conditions Met set to Custom, three Price Conditions, and one Price Action
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Explanation:</u></h3>
The price rule record has the price rule, condition and action. The price rule must be explained clearly. Price condition is comparison of one field value with the other field value. The price rules contain conditions and the price rule can have an infinite number of conditions.
But for the above given questions we have 3 conditions. When the price rule meets by the conditions given it performs a particular action. Some of the fields in the price rule cannot be edited and and have security.
