1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
7

When inventory declines in value below original (historical) cost, and this decline is considered other than temporary, what is

the maximum amount that the inventory can be valued at
Business
1 answer:
Anettt [7]3 years ago
4 0

Answer:

Net realizable value

Explanation:

Net realizable value is the value gotten after taken out purchases from the estimated selling price of an inventory. This means that the net realizable value on an inventory at disposal is higher than the cost when it was originally purchased. It is to be noted that an increase in the value of inventory are recognized at the point of sale.

However, with regards to the above, inventory may be recorded at net realizable value if there are no tangible costs associated with disposal, there exist a controlled market with a price that is already quoted or the inventory is made up of gold, silver or general precious metals and agricultural products.

You might be interested in
Which of the following is a depository financial institution?
Darya [45]
The answer is "Online Bank"
4 0
3 years ago
Read 2 more answers
The aggregate supply curve normally a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope
8090 [49]

Answer:

The answer is: D) slopes upward to the right due to short-run fixed costs of production.

Explanation:

In the short run, companies have fixed factors of production: prices, wages, and capital. In the short run, aggregate supply curve shows the correlation between the price level and output (normal supply curve). Only in case of a production increase due to technological improvements or other factors (decreasing input prices, etc), may the aggregate supply curve shift outward.

7 0
3 years ago
Which of these types of products usually involves the customer
kiruha [24]

Answer:

Shopping products

Explanation:

Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.

8 0
3 years ago
Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:
diamong [38]

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013  =  Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

=  $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

4 0
3 years ago
Everything else held​ constant, an increase in currency holdings will cause A. the money supply to rise. B. checkable deposits t
liraira [26]

Answer:

C. the money supply to fall.

Explanation:

According to my research on economics, I can say that based on the information provided within the question an increase in currency holdings will cause the money supply to fall. This is because if people begin to hold this causes the cash flow to decrease and money supply decreases because of the low cash flow.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • HElP PLEEEASE!!
    15·2 answers
  • Select the statement that does not support the narrow view of non-managerial employees' responsibilities to their employer, the
    10·1 answer
  • You want to buy a new sports car from Muscle Motors for $76,000. The contract is in the form of a 60-month annuity due at an APR
    7·1 answer
  • Based on the problems you have seen so far at gearon, what type of crm applications will be most helpful to the company?
    9·2 answers
  • Assuming that all the table and column names are spelled correctly, what's wrong with the INSERT statement that follows?
    13·1 answer
  • Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and
    7·1 answer
  • Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not ob
    8·1 answer
  • When a note receivable is honored, cash is debited for the note's ________ value?
    8·1 answer
  • Harry assigns his rights under a contract with irma to his college roommate, jake. neither harry nor jake notifies irma of the a
    8·1 answer
  • 1. explain the concept of imputed act. assuming you are the training manager you need to explain to an entry level agent trainee
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!