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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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Lynette Company's Inventory balance at 12/31/04 was $200,000 and was $188,000 at 12/31/05. Its Accounts Payable balance e at 12/
Viefleur [7K]

Answer:

A) $704,000.

Explanation:

For computing the cash payments we need to calculate the following amounts which are as follows

Total purchases = cost of goods sold + ending inventory - opening inventory

= $720,000 + $188,000 - $200,000

= $708,000

Now cash payment to merchandise is

= Beginning account payable balance + purchased made - ending account payable balance

= $80,000 + $708,000 - $84,000

= $704,000

Hence, the correct option is A. $704,000

3 0
3 years ago
What do you mean by modern technology?
KonstantinChe [14]
Modern technology is simply an advancement of old technology, the impact of technology in modern life is unmeasurable, we use technology in different ways and sometimes the way we implement various technologies ends up harming our lives or the society we leave in.
3 0
4 years ago
A company that is unwilling to give up control of the business is in need of additional capital. Would issuing additional stock
svetlana [45]

Answer:

Issuing bonds will be the better option for this company. Mainly because they do not like to give up the control of the company or to change its equity structure.

When the bonds are issued, the company gets the money from the investors and has to pay an agreed amount of interest periodically until maturity of the bond, where the company will have to pay the face value of the bonds.

Explanation:

8 0
3 years ago
Honda places several motorcycles in ""pods"" in order to load them efficiently using forklifts. this system of materials handlin
fredd [130]

The system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.

<h3>What is an unit loading?</h3>

This refers to the size of an assemblage into which a number of individual items are combined for ease of storage and handling.

For instance, in the warehouse loading, the pallet load represents a unit load which can be moved easily with a pallet jack, forklift truck and the container load represents a unit for shipping purposes.

Hence, the system of materials handling called a unit loading is used by Honda in placing its several motorcycles in ""pods"" in order to load them efficiently using forklifts.

Read more about unit loading

brainly.com/question/17117150

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8 0
2 years ago
A stock with a beta of 1.1 has an expected rate of return of 16%. If the market return this year turns out to be 10 percentage p
Sedbober [7]

Answer:

The rate of return on the stock can be best guessed to be 5%

Explanation:

Beta = 1.1

expected rate of return = 16%

But return = 10%

1.1 x 10%

= 11%

The updated expectation for the stock return is

= 16% − 11%

= 5%.

Therefore The rate of return on the stock can be best guessed to be 5%

7 0
3 years ago
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