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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.

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An example of a company connecting with customers to add value in its package redesign strategy is Blank______.
kakasveta [241]

An example of a company connecting with customers in its package redesign strategy is creating a resealable package in response to consumer habits.

<h3>What is a redesign strategy?</h3>

A redesign strategy outlines which best practices should be employed first and which should be avoided in order to achieve the goals of the redesign endeavor.

Steps to a successful redesign of business processes:

  • Set precise objectives.
  • Prioritize each business process after identifying it.
  • Make data collection and processing a regular part of your working day.
  • A single workflow.
  • Give authority to those in charge of processes.
  • Single-source information collection.

In order to build the most effective product, the design strategy applies the tactical thinking of a company strategy to the needs of the user. Through innovative applications geared toward the end user, the convergence of business strategy and design thinking accomplishes long-term objectives.

To know more about design strategy refer to: brainly.com/question/14506200

#SPJ4

5 0
2 years ago
Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product kn
makvit [3.9K]

Answer:

Customer-focused compensation strategy

Explanation:

Customer-focused compensation strategy is the rating system where the employees are rated based on the way customers are being serviced. In this scenario, Mich Inc. is rating its employees on their friendliness, usefulness, and product knowledge, so the compensation strategy followed by Mich is closely described as a customer-focused strategy.

7 0
3 years ago
Choose all that apply. Select all the responsibilities of consumers. Gather information about products and services before makin
jolli1 [7]

Answer:

Stay informed about products that you buy to be aware of product recalls.

Gather information about products and services before making a purchase to be aware of price, quality, and the product specifications.

Read instructions on products and use them as intended.

Take action and report faulty products, fraudulent activity, and any other violation of consumer rights.

Consider the impact of your purchases on others and choose products that do not harm the environment.

Insist on compensation if you are not satisfied with your purchase.

8 0
3 years ago
Apps LLC enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. T
In-s [12.5K]

Answer:

D. an incidental beneficiary.

Explanation:

These are the options for the question

A. an intended beneficiary.

B. a promisee.

C. a promisor.

D. an incidental beneficiary.

From the question we are informed about Apps LLC who enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. In this case With respect to the app contract, Dave is an incidental beneficiary. A contract can be regarded as an agreement that exist between two parties and It is legally back up. An incidental beneficiary from this contract can be regarded as the third party that just get some benefits from a contract that exist between two other parties in an agreement, even though the benefits the third part gets is not intended to get it, and there is no legal right for the third party as far as the contract is concerned.

4 0
3 years ago
Gold standard required countries to A. keep the supply of foreign exchange less than their domestic money supply. B. restrict th
vladimir1956 [14]

Answer:

D.) Keep the supply of there domestic money fixed in proportion to their gold holdings.

Explanation:

The Gold Standard was a monetary system under which countries fixed the value of their money in terms of a specified amount of gold. With the gold standard, countries agreed to convert the paper money into a fixed amount of gold.

Hope this helps you out! : )

4 0
3 years ago
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