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shtirl [24]
3 years ago
6

Ames Company determined the following values for its inventory as of December 31: Historical Cost $200,000 Replacement Cost $160

,000 Sales Value $190,000 Cost to Complete and Sell $10,000 Normal Profit Margin $8,000 Fair Value $194,000Under IFRS, what amount should Ames report for inventory at December 31
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer:

Under IFRS, what amount should Ames report for inventory at December 31 at $180,000

Explanation:

Under International Financial Reporting Standards (IFRS) ,the inventory would be reported at the lower of cost and net realizable value.

The original cost of the inventory is $200,000 while its net realizable value is sales value  of $190,000 minus the cost to complete and sell of $10,000 i.e $180,000.

Ultimately ,the inventory would be reported at the NRV of $180,000

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The leader's decision choices in the vroom-jago leader – participation model are authority, consultative and __________.
ohaa [14]
<span>The leader's decision choices in the vroom-jago leader – participation model are authority, consultative and groups.

This leadership model is about how a leader should make a decision by themselves or using a group to consult. They are very rational leaders and are trying to make the best overall decision for the team. 
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5 0
3 years ago
The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.
Firlakuza [10]

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

<h3>How is interest decided?</h3>
  • It is based on various risks such as credit risk and maturity risk.
  • Credit risk of a company is shown in its credit rating.
  • The maturity risk increases as the length of time to repayment increases.

The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

Find out more on maturity risk at brainly.com/question/24780094.

3 0
2 years ago
Most resources are nonrenewable, and wants and needs are limited. This is an example of?
dimulka [17.4K]

Answer:

scarcity.

Explanation:

Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.

Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.

In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.

3 0
3 years ago
Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break in
FinnZ [79.3K]

Answer:

By acting or posing as a waste management collector looking to fix the dumpster or collect the debris

Explanation:

The computer as an electronic machine has served as a tool or an object of the crime, subject of the crime and an instrument of the crime

Cyber crime

This is simply known as a criminal act. It is the process by which there is the stealing or destruction of information, resources, or funds utilizing computers, computer networks and the Internet.

Computer fraud

This is simply a type of fraud committed with the use of contemporary technology and it is regarded as a law crime. It includes theft of information and corporate espionage etc.

Most cyber crimes are usually well organized. The individual committing the crime usually puts a lot of efforts in achieving their goal. Toby could only have gained access to the company dumpster if he poses as the one or company sent to collect the trash.

4 0
3 years ago
Hedge funds are low risk because they are market-neutral. low risk if they buy Treasury bonds. low risk because they hedge their
erastovalidia [21]

Answer:

Hedge funds are: high risk, even though they may be market-neutral.

6 0
4 years ago
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