The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
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Lets answer this by parts: 1) There is a peasant class in Japanese Bushido, a warrior class called samurais and the noble class. The thing is that the peasants feed the samurai and they protect the peasants and the nobles.The nobles give lands to the samurais as a reward. The base for the Bushido is the Honor. 2) The main elements of the European chivalry are War, Religion and love for women and 3) Because Bushido and Chivalry were aristocratic elites codes the elements that would work well would be a code of conduct, Christianity and a Vision
Answer:
The answer is stated below.
Explanation:
Gilmer-Aikin Law is the piece of legislation that has established a public school system in the districts of Texas and its funding depends upon the local taxes. It created the Texas Education Society to monitor the public education in its districts. It not only created a system of financial assistance to public school from local taxes but also fixed the minimum number of teaching days in the schools in an academic year.
The correct answer is Jim
Explanation: Jim is the most interest on that because he is the one who wants to buy.
