The net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
<h3>What is net realizable value under IFRS?</h3>
Under the IFRS, inventories should be stated at the lower of cost and net realizable value. The net realizable value equals the selling price less the estimated costs of sale.
<h3>Data and Calculations:</h3>
Inventory purchase cost = $80
Net realizable value in year 1 = $60
Net realizable value in year 2 = $75
Replacement cost = $65
Normal profit margins = 20%
Thus, the net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
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Answer:
The correct answer is option a.
Explanation:
Comparative advantage refers to the situation where an individual, firm, or nation can produce a good at a comparatively lower opportunity cost.
It is given here that,
Hank's opportunity cost of producing a bushel of corn = 2 bushels of soybeans
And,
Tony's opportunity cost of producing a bushel of corn = 3 bushels of soybeans
We see that Hank has a lower opportunity costs in the production of corn. So we can say Hank has a comparative advantage in the production of corn. Or in other words, Hank specializes in the production of corn.
Answer:
In order to be <u>sustainable in the hospitality industry</u>, a company (restaurant) needs to implement the sustainability approach across more levels. The sustainable practices that differ Acorn House from non-sustainable restaurant are composting waste (minimizing actual waste), sourcing local ingredients (economically stimulating the region, while the carbon footprint of the ingredients is minimized) and investing in the training and development of their staff to learn the pillars of eco cuisine.
Answer: Implement a mass marketing campaign
Explanation:
From the question, we are informed that Soon-Yi Park’s chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel.
The least effective component of a marketing plan for Soon-Yi to take advantage of this opportunity is implementing a mass marketing campaign. Rather, Soon-Yi should use a strategy relating to those in LGBT.
Answer:
cannot understand this launguage
Explanation:
so please send it in English so I could answer
