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2 years ago

Which of the following is false regarding net realizable value (NRV)?

Business

1 answer:

juin [17]2 years ago

6 0

Answer:

A. NRV is the estimated selling price after processing the product beyond the split-off point.

Explanation: Net realisable revenue is a term used in inventory management or in accounting to refer to the amount of cash expected front the sale of an asset or an inventory after subtracting the total cost associated with the disposal (sale) of that asset or inventory from the total amount received from the buyers of the inventory or the asset. Net realisable revenue can be used to determine the actual net value of an asset.

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A company has a selling price of $1,300 each for its printers. Each printer has a 2 year warranty that covers replacement of def

riadik2000 [5.3K]

Answer:

$56,000

Explanation:

The computation of the warranty expense for the month of November is shown below:

Warranty expense = Number of printers × Estimated percentage of defectives parts × Average cost per printer

= 20,000 printers × 2% × $140

= 400 × 1460

= $56,000

We simply multiplied the number of printers with the estimated percentage and the average printer cost so that the warranty expense could come

3 0

2 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

The Edward City Council approved and adopted the budget for its general fund for the fiscal year beginning on January 1, Year 2.

Gala2k [10]

Answer:

A.No entry is required

B.No entry is required

C.No entry is required

D.No entry is required

Explanation:

The Edward City Council

1. Record the journal entries for November 1, Year 1, if any.

No Entry Required

2. Record the journal entries for November 30, Year 1, if any.

No Entry Required

3. Record the journal entries for December 1, Year 1, if any.

No Entry Required

4. Record the journal entries for January 1, Year 2, if any.

No Entry Required

4 0

3 years ago

A researcher wants to test if juvenile hormone (similar to testosterone) is associated with aggression in paper wasps. The resea

Lady_Fox [76]

Answer:

b. The pairs in which neither individual is given extra juvenile hormone is the control

Explanation:

This is an experiment in which the researcher wants to establish a relation between the aggresion in wasp with the juvenile hormone, but to know which are really the effects you need something to compare with, that is called the control group, that is usually in the normal conditions, in this case it corresponds to the pairs in which they don't give the extra juvenile hormone, so the researcher can compare the difference between this pair with the pair in which one of the individuals has extra juvenile hormone.

6 0

3 years ago

The organization's leadership should establish the flow-down objectives to set the stage for establishing the guiding principles

NemiM [27]

Answer:

The correct answer is letter "B": False.

Explanation:

The flow-down in management represents the activities executives perform when each individual department establishes their objectives and they are reported to the next level in the hierarchy department so the manager of that department approves or modifies it to align the overall organization's goals.

Setting the corporation's vision and mission is not part of this approach.

3 0

3 years ago