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dimulka [17.4K]
3 years ago
7

Inventory should be reported as follows except a.according to the chosen cost flow assumption. b.at lower of cost or market. c.a

s a long-term asset on the balance sheet. d.as a current asset on the balance sheet.
Business
1 answer:
Gnom [1K]3 years ago
5 0

Answer:

c.as a long-term asset on the balance sheet.

Explanation:

The inventory has come under the current asset as it is converted into cash within one year. Like other current assets i.e account receivable, prepaid insurance, etc contains high liquidity and they get converted into cash in less than one year

It also recorded at cost or market value whichever is lower plus it also chosen as cost flow consumption but it is not reported as a long term asset as it is classified as a current asset, not the long term asset

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Answer:

The given findings should be reviewed by the <u>tissue committee.</u>

Explanation:

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3 years ago
What is the difference between an increase in demand and an increase in quantity demanded?.
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Answer:

Quantity Demanded is a shift up/down a demand curve

Increase in Demand is a shift in the curve itself.

Explanation:

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An increase in demand is when one of the shifters of demand change. So for example, if number of consumers (one of the shifters) increase, the demand curve increases, and shifts right, meaning more quantity at each pricepoint.

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2 years ago
I'm bored who wants to talk for a bit? About school or whatever
mariarad [96]

Answer:

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7 0
3 years ago
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A fast-food restaurant featuring hamburgers is adding salads to the menu The price to the customer will be the same Fixed costs
Colt1911 [192]

Answer:

$19200

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This breakeven point can be calculated as under:

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Here

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Variable Cost = $1.5 per unit

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By putting Values:

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Breakeven Point = 19,200

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3 years ago
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3 years ago
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