Answer:
Net realizable value less a normal profit margin.
Explanation:
Lower of cost or market rule of inventory states that cost of inventory recorded must be that at which cost is lower, and the original cost is the current market price.
This occurs when the inventory has become obsolete, market price has declined, or inventory has deteriorated
Net realisable value is defined as selling price minus estimated cost of completion.
So the market value should not be less than net realizable value less a normal profit margin.
Answer:
A. $4200
B. $7,599.20
C. $6,782
D. $3,113
Explanation:see attached file
Answer:
C.
Explanation:
Is a temporary assembly-line-oriented arrangement of machines and personnel in what is ordinarily a process-oriented facility.
Workcells are designed to improve the process flow and eliminating waste.
Characteristics:
- Reorganizes people and machines into groups to focus on single products or product groups.
- Group technology identifies products that have similar characteristics for particular cells.
- Volume must justify cells.
- Cells can be reconfigured as designs or volume changes.
Requirements:
- Identification of families of products.
- A high level of training and flexibility on the part of employees.
- Either staff support or flexible, imaginative employees to establish work cells initially.
They will either match the prices of another offer or go lower then the offer
Answer:
E
Explanation:
All of these choices are correct.
Place refers to the channels of distribution either through distribution/market channels and physical distribution. It is a vital part of the total marketing mix, it ensures that products are available to the appropriate markets, at the right proportion or quantity, at the best condition, appropriate time, anytime and at all times.
