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olasank [31]
3 years ago
10

What is the rationale behind the ceiling when applying the lower-of-cost-or-market method to inventory?

Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer:

The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.

Explanation:

The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.

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Moon Flower Cosmetics Company’s executives are aware that their Asian customer base is interested in advanced skin care treatmen
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If the steady-state rate of unemployment equals 0.125 and the fraction of unemployed workers who find jobs each month (the rate
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The fraction of the employed workers who lose their jobs each month or the rate of the job separation must be 0.07

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For a given company, total assets are $260,000, current liabilities are $10,000, long-term liabilities are $60,000, common stock
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4 0
3 years ago
Mark and Rasheed are at the bookstore buying new calculators for the semester. Mark is willing to pay $75 and Rasheed is willing
Romashka [77]

Answer:

Mark's individual consumer surplus is $10.

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Mark and Rasheed are at the bookstore buying new calculators for the semester.

Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.

The price for a calculator at the bookstore is $65.

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= $10

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3 years ago
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