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
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

You might be interested in
Compile a job advertisement for a receptionist vacancy.Advertisement should include the name of the business and the title of th
mel-nik [20]

Answer:

Receptionist (Full-time).

Explanation:

Phetoloportia Communications Inc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

<em>We are recruiting to fill the job position below;</em>

Job Title: Receptionist.

Location: Miami, Florida.

Job ID: 010345

Employment Type: Full-time.

Minimum Requirements:

  • High School diploma, GED, or equivalent preferred.
  • Minimum of 2 years experience.
  • Proficient in English (oral and written).
  • Excellent knowledge of MS-Office.

Application Closing Date:

1st of November, 2020.

How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 010345) to phetoloportiaatpci.com

3 0
4 years ago
The labor force consists of:
Inga [223]

Answer:

The answer is D.

Explanation:

Labor force is the number of people or citizens who are within the workforce age that employed and those that are unemployed but are willing and able to work(i.e they are actively searching).

Labor force = employed citizens plus unemployed citizens

Option A and B are wrong because some adults(citizens) are not working and they are not willing to work.

The most important thing here is to show willingness to work and also has the ability to work

8 0
3 years ago
Who is captain america​
USPshnik [31]

Answer:

a super hero that's part of marvel

3 0
3 years ago
On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would
vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

       To Cash A/c $1,000

       To Account payable A/c $4,000

(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0
4 years ago
Read 2 more answers
A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the next 60
Alisiya [41]

Answer:

The Interest rate is 2%

Explanation:

The formula for computing the rate is as using the excel:

=Rate(nper,Pmt,pv,fv,type)

where

nper is number of years which is 60 months

PMT is monthly payment which is $323.53

PV is Present value which is -$10,000

FV is Future value which is $0

Type is also 0

So, putting the values above:

=Rate(60,323.53,-10000,0)

= 2%

Therefore, the rate of interest is 2%, which is monthly to be paid.

3 0
3 years ago
Other questions:
  • The most active and important participant in the U.S. money market Group of answer choices
    9·1 answer
  • Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
    9·1 answer
  • Keeping your _____ and _____ in mind will dictate what you say and how you say it.
    10·2 answers
  • MaryJane’s Bakery manufactures and sells a variety of baked goods. The selling price per dozen of chocolate glazed dunuts is $8.
    6·1 answer
  • How much money would you have to invest at 8% compounded semiannually so that the total investment has a value of ​$2 190 after
    10·1 answer
  • Joanna received $68,400 compensation from her employer, the value of her stock in ABC company appreciated by $8,600 during the y
    14·1 answer
  • Turnbull Co. has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of
    13·1 answer
  • Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti
    12·1 answer
  • Define the concept entrepreneur​
    13·2 answers
  • When conducting an independent audit the accountant is to evaluate a company's financial statements and?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!