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
kondor19780726 [428]
3 years ago
14

A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha

d a net realizable value of $550,000 and a replacement cost (market value) of $525,000. What would be the carrying value of the inventory on the company's December 31, 20X2, balance sheet prepared under:
Business
1 answer:
bagirrra123 [75]3 years ago
7 0

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

You might be interested in
Over a period of years, Engineers' salaries have increased at a rate of 8.5% per year. If inflation has been 5.5% per year, what
-Dominant- [34]

Answer:

3% salary increase

Explanation:

simply 8.5%-5.5%

8 0
2 years ago
Joan is a manager with Steel Works, Inc. Joan would love to beat the budget this year. She believes that revenues for the coming
vredina [299]

The amount of $130,000 in Expenses will be the least likely to be budgeted for while building a budgetary slack.

<h3>What is a budgetary slack?</h3>

This is a special consideration in a budget that seeks to increase the chances of the actual performance being better than the budget.

Joan will likely budget for $110,000 of expenses, $210,000 of revenue and $80,000 of income.

Therefore, the amount of $130,000 in Expenses will be the least likely to be budgeted for

Read more about budgetary slack

<em>brainly.com/question/15327518</em>

6 0
2 years ago
Administrative and political decision-making procedures and intuition have been associated with high performance in unstable env
irina [24]

It is true that the administrative and political decision making procedures and intuition have been associated with high performance in unstable environment where decision must be rapidly taken.

<u>Explanation:</u>

In the cases of unstable environment in the businesses, certain decisions need to be take in a quick manner which might result in the changing in the business procedures. This has a direct effect on the stabilizing the environment of the business.

These decisions might be administrative in nature where the best alternative for the business procedure will be selected or political in nature where policies are changed to stabilize the environment.

8 0
3 years ago
The use of multiple distribution channels that integrate organizations' brick-and-mortar stores with websites, catalogs, and app
Vsevolod [243]

Answer:

Multi channel marketing

Explanation:

It is an approach used by company to provide different way  to customer for buying products and services. it include various mode of retailing like, from store direct, from using websites, from mail, by telephones etc.

The main reason behind multi channel retailing is to sold as many as products and provide different way for customer satisfaction. it provide opportunity to customer to compare different product on different websites

7 0
3 years ago
What is the primary reason that we have 3 branches
Alex_Xolod [135]
To keep every other branch in check if we had only one then they could go corrupt. (separation of power)
8 0
3 years ago
Other questions:
  • A 6% pay increase to your current $62,900 annual salary. "thanks, i look forward to the additional __________ per month."
    9·1 answer
  • Jane, the CEO of a company, is trying to resolve how a new marketing strategy should be conducted. She is taking into account th
    12·1 answer
  • The service cost component of pension expense for 2015 is $890,000 and the amortization of prior service cost due to an increase
    10·1 answer
  • Which of the following practices should be discouraged during the problem-solving process?
    6·2 answers
  • Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False
    8·1 answer
  • Stor Manufacturing stores hazardous and volatile chemicals in its warehouse. The warehouse has state-of-the-art equipment to mak
    15·2 answers
  • An uncle executed a warranty deed granting a parcel of land to his nephew. The uncle placed the deed in his bedroom closet and t
    8·1 answer
  • Several studies indicate that the use of collaborative research agreement (between several firms, research centers, suppliers, c
    11·1 answer
  • Zack Shields leases a manufacturing facility that produces computer monitors. Zack tries to keep production high, because his le
    13·1 answer
  • Not yet answered Marked out of 1.00 Flag question The accounting records of Slattery Corporation, a small manufacturing company,
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!