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
Vladimir79 [104]
2 years ago
13

Identify the ways in which lower of cost or market can be applied to merchandise inventory. (Check all that apply.) Multiple sel

ect question. It can be applied to the inventory as a whole. It can be applied to each item individually. It can be applied to individual sales departments. It can be applied to major categories of items.
Business
1 answer:
pantera1 [17]2 years ago
4 0

Answer:

It can be applied to each item individually.

It can be applied to major categories of items.

It can be applied to the inventory as a whole.

Explanation:

As we know that

The inventory should be valued at the lower of the cost or the market value

So the following are the cases where this rule could be applied with respect to the merchandise inventory

1. It is applied for each and every item on individual basis

2. It can be applied for major items that categorized

3. It can be applied to the overall inventory

You might be interested in
The bank is considering paying interest to customers carrying daily checking account balances in excess of a certain amount. If
olya-2409 [2.1K]

Answer:

If the amount is 1 for example,

And the bank does not want to pay more than 4%, then the amount will be,

4/100 ×1= 0.04

5 0
3 years ago
At December 31, 2012 and 2013, Plank Corp. had outstanding 3,000 shares of $100 par value 8% cumulative preferred stock and 15,0
zalisa [80]

Answer:

Preference shareholders = $36,000

Equity shareholders = $9,000

Explanation:

As provided the outstanding preference dividend at end of 2012 = $12,000

Total cash dividends declared = $45,000 in the year 2013

Regular preference dividends = $100 \times 3,000 \times 8% = $24,000

Thus, when dividends will be paid in 2013 then firstly they will be used for payment to preference shareholders.

Thus, the company shall pay:

$12,000 + $24,000 = $36,000 to preference shareholders.

Further the balance will be paid to equity shareholders.

= $45,000 - $36,000 = $9,000

3 0
3 years ago
After purchasing a fancy cut diamond ring for his wife, jason feels dissatisfied with his purchase as he feels that the ring was
ivanzaharov [21]

Buyer's remorse.

Buyer's remorse is a feeling of regret after making a purchase, especially for something expensive or extravagant.

3 0
2 years ago
Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investmen
AlladinOne [14]

Answer:

$266,667.

Explanation:

P / (r-g) = Periodic payment / Interest rate - Growth rate

= 24,000 / (0.12 - 0.03)

= 24,000 / 0.09

= $266,667on:

i think thats it if i am wrong i am very sorry tellme if i am right or wrong.

7 0
3 years ago
Reverend samuel stanhope smiths proposal that skin color should be viewed as a product of climate and therefore not correlated t
Tatiana [17]
I think he felt that skin was attributable to climate and did not affect one's intelligence, character and personality so  he was not a racist. While areas of the world like Latinamerica and Africa for example have many people with brown or black skin, they are every much as capable as people from more northern climates with white skin. The fact that, for example the Latin american areas had advanced civilizations like the Incas and Aztecs, the former with 1000's of kilometers of roads tying their empires together and the Aztecs with their monumental temples and both with advanced agriculture based on astronomical observations shows this is the case.
7 0
3 years ago
Other questions:
  • Madrid Company plans to issue 8% bonds with a par value of $4,000,000. The company sells $3,600,000 of the bonds at par on Janua
    9·1 answer
  • The rental real estate exception favors: A. lower-income taxpayers (AGI less than $80,000). B. middle-income taxpayers (AGI grea
    11·1 answer
  • A company has an ending accounts receivable balance of $900,000 and estimates that uncollectible accounts will be 2% of its acco
    5·1 answer
  • On january 1, 2013 the minton company borrowed $162,000 cash from hometown bank by issuing a five-year 8% term note. the princip
    8·1 answer
  • A man purchased a $23,000, 1-year term-life insurance policy for $425. Assuming that the probability that he will live for anoth
    14·1 answer
  • Moped, Inc. purchased machinery at a cost of $44,000 on January 1, 2017. The expected useful life is 5 years and the asset is ex
    8·1 answer
  • Carmel Corporation is considering the purchase of a machine costing $47,000 with a 7-year useful life and no salvage value. Carm
    7·1 answer
  • Câu 4: Các hoạt động tiếp thị quá đáng mang tính quảng cáo hay lạm dụng lợi ích đến người kê toa nên được kiểm soát bởi:
    15·1 answer
  • Do you know da way?
    9·1 answer
  • Test II. Mag-kompyut tayo.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!