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weqwewe [10]
3 years ago
10

The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le

ss a normal profit margin.b. should always be equal to net realizable value.c. may sometimes exceed net realizable value.d. should always be equal to net realizable value less a normal profit margin.
Business
1 answer:
eduard3 years ago
4 0

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

Explanation:

As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.

And if the replacement cost lies in this range than it represents the designated market value.  

Hence, option a is correct.

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Answer:

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Explanation:

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5 0
3 years ago
A list of all account names used to record transactions of a company is referred to as a T-account
11Alexandr11 [23.1K]

Answer:

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7 0
2 years ago
Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $1,160 with his state income tax r
Mamont248 [21]

Answer:

$7,580

Explanation:

In April of this year, Tim paid $1,160 with his state income tax return for the previous year.

Tim had $5,200 of state income tax

Tim made estimated payments of $1,220 of state tax.

Therefore:

$1,160 + $5,200 +$1,220=$7,580

Tim can deduct the state taxes paid with state income tax return for the previous year, state tax which was withheld during the year, and estimated payments of state tax, a total of $7,580 in which the expected refund next year will not affect the deductions for this year, due to the fact that it may be taxable next year under the tax benefit rule.

5 0
3 years ago
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6 0
3 years ago
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astra-53 [7]

Answer:

Options 2, 4, 6, 7, 8, and 9 are capital expenditure.

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Option 5 is Neither.

Explanation:

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3 years ago
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