Answer:
inventory impairment/cost of good sold (p/l) $500
Explanation:
IAS 2 requires that inventory be initially recognized at cost including cost of purchase and other necessary cost incurred in getting the inventory to the location where it becomes available for sale.
Subsequently, the item of inventory is carried at the lower of cost or net realizable value (NRV).
Quantity Unit Cost Unit NRV Lower of cost/NRV Amount
Model A 100 $100 $ 120 $100 $10,000
Model B 50 $50 $ 40 $40 $2,000
Model C 20 $200 $210 $200 $4,000
Adjustment required = 50 ($50 - $40)
=$500
This posted as
Debit inventory impairment/cost of good sold (p/l) $500
Credit Inventory account $500
Answer: Joint operating agreement
Explanation:
The joint operating agreement is one of the concept that helps in protecting the business or the industry from the failure that helps in governing the partnership between any two organization.
In this type of agreement any two organization are basically contributing their power and the resources for producing the effective result.
According to the given question, the newspaper industry is one of the example of joint operating agreement in which two companies are permitted for combining their business. Therefore, Joint operating agreement is the correct answer.
Answer:
$432.97
Explanation:
Total cost = cost of printer + cost of light + cost of photo paper
$251.99 + $150 + $30.98 = $432.97
Question options :
a. raise both private and public saving.b. raise private saving and lower public saving.c. lower private saving and raise public saving.d. lower private and public saving.
Answer:
c. lower private saving and raise public saving.
Explanation:
National saving is total of private and public saving minus the country's consumption and government expenditure.
Private saving is income from households minus consumption and taxes.
Formula for public saving is T − G − TR which is government budget surplus through revenue from tax. This is revenue from tax minus government expenditure and transfers.
I’m not exactly sure but- expansion is the phase of the business cycle where real GDP grows for two or more consecutive quarters, moving from a trough to a peak. This is typically accompanied by a rise in employment, consumer confidence, and equity markets. Expansion is also referred to as an economic recovery. Knowing this, it cannot be A where unemployment is high or B where inflation is high because inflation is the rise in the general level of prices where a unit of currency effectively buys less than it did in prior periods, it shouldn’t be D because the profits wouldn’t be on a decline, so making a guess using elimination it’s most likely C businesses produce more and hire workers
