Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.
The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.
These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.
Such programs are established to encourage repeat business.
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Answer: True
Explanation: think about reality what do people do for money
Answer:
Helmet = $2,320
Bats = $2,640
Shoes = $5,346
Uniforms = $2,552
Explanation:
The accounting standard accounting for inventories (IAS 2) states that inventory should be initially recognized at cost. Subsequently, Inventory is to be carried at the lower of cost or net realizable value.
The net realizable value is sometimes estimated as the market value.
For Helmets
Cost = $62 Market value = $58
Lower value = $58
Number of units = 40
Ending inventory value = $58 × 40 = $2,320
For Bats
Cost = $80 Market value = $112
lower value = $80
Number of units = 33
Ending inventory value = $80 × 33 = $2,640
For Shoes
Cost = $99 Market value = $103
Lower value = $99
Number of units = 54
Ending inventory value = $99 × 54 = $5,346
For Uniforms
Cost = $44 Market value = $44
Lower value = $44
Number of units = 58
Ending inventory value = $44 × 58 = $2,552
