Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.
Answer:
The correct answer is the option D: communication.
Explanation:
To begin with, the tool known as communication give the people the possibility to <em>express themself in order to obtain a comfortable answer and action in return</em>. It focuses on the action of letting the other person know what the thoughts are and how that person think. Therefore that before the interview process begins, <u><em>it is very important to communicate in a proper and formal way to the people who contacted you and also to do it by using technical words as a way to show off your knowledge</em></u>.
Answer:
There are many effects. They equate for a large portion in the fast food industry
Explanation:
Answer:
The answer is D.
Explanation:
Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.
Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100
In the question, gross profit for company A is $400 and sales is $1000
Therefore, gross profit percentage is 400/1000 x 100
=40%
Answer:
It will increase expense, thereby reducing the profit mentioned in the income statement and decrease the current asset (debtor) recorded in the balance sheet.
Explanation:
Bad Debt is an expense that is recorded when it is expected that the customer, who owes a debt to the business, might default in clearing their dues.
As such when the bad debt amount is increased it will result in a rise in expense and therefore the profit, as stated in the profit and loss (income statement) of the sole trader would decrease.
Moreover, it will also decrease the value of trade receivables (current assets) mentioned in the balance sheet. The following entry would be recorded:
Bad Debts (Dr) xxxxx
Trade Receivables (Cr) xxxxxx
Hence, the expenses will increase while the current asset will decrease.
