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
Which are the most likely uses of capital invested in a business?
Oksanka [162]

Answer:

B. hiring workers  

D. producing goods  

E. distributing goods  

F. buying materials

Explanation:

7 0
3 years ago
If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply
Sindrei [870]

Answer:

Demand decreases.

Explanation:

If demand decreases while supply remains unchanged, equilibrium price and quantity would fall.

If supply increases, equilibrium price would fall and quantity would rise.

If supply decreased, equilibrium price would rise and quantity would fall

If demand increases, equilibrium price and quantity would rise.

I hope my answer helps you

4 0
3 years ago
Which of the following sentences use clear and correct pronoun references? Check all that apply.
balu736 [363]

Answer:

B.

C.

Explanation:

Option A is incorrect because; it is not clear who is he and what he grabbed form the air. Further, it is also not clear who's her.

Option D is incorrect because; it is not clear who are they. And it is a grammar rule that, do not use “they” when referring to unspecified persons.

3 0
3 years ago
Read 2 more answers
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 1
SSSSS [86.1K]

Answer:

cost of goods sold = $580

Explanation:

The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =

Cost of goods sold =

20 units × $19 = $380 (The price is from November 1)

10 units × $20 = $200 (The price is from November 10)

The total cost of goods sold (30 units) = $580

8 0
3 years ago
After using market research to identify the target audience for his advertising campaign, jorge will next use this information t
beks73 [17]

Answer:

D. Set explicit and measurable objectives for the campaign.

5 0
3 years ago
Other questions:
  • ________ play an important role in efficiently making products available to target markets in the needed varieties and quantitie
    11·1 answer
  • Ebali Corporation, a calendar year taxpayer utilizing the completed contract method of accounting, constructed a building for Sa
    7·1 answer
  • A firm's marginal cost curve Group of answer choices always has a positive slope. always intersects its average cost curve at it
    5·1 answer
  • Open-market options are when the federal reserve buys and sells securities to influence the.
    9·1 answer
  • Borrowers who met certain requirements for mortgages, such as minimum income level relative to the total mortgage amount, could
    6·1 answer
  • If the maximum operating capacity of the Gobblecakes bakery is 12,000 cupcakes annu- ally, determine the break-even volume as a
    15·1 answer
  • Molly was a successful real estate salesperson. She took some time off to stay at home with her first child. Days turned into we
    5·1 answer
  • the commercial banking system borrows from the federal reserve banks. as a result, the checkable deposits
    7·1 answer
  • A manufacturer sells his product at $23 per unit, selling all he produces. His fixed cost is $18,000 and his variable cost per u
    12·1 answer
  • in the gilded age, how did monopolies affect many small businesses? monopolies helped small businesses grow.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!