Answer:
$21
Explanation:
As we know that
The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value
In the given case
The cost is $23
And, the net realizable value is
= Expected selling price - selling cost
= $36 - $15
= $21
So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory
The question that corporate strategy helps managers understand is where should firm compete?
<h3>What is corporate strategy?</h3>
It should be noted that corporate strategy simply means a unique plan that helps a firm gain competitive advantage over others.
In this case, the question that corporate strategy helps managers understand is where should firm compete? This is important for the growth of the firm.
Learn more about strategies on:
brainly.com/question/24553900
During the first year of operations, a company granted warranties on its products at an estimated cost of $8,500. The product warranty expense should be recorded in the years of the expenditures to repair the products covered by the warranty payments.
True or False
the answer is false
Answer:
B. A local cable company.
Explanation:
Since, Damon often identifies causes of problems with telecommunication equipment. The company that is most likely to be his employer is a local cable company.
Answer:
The total cost of vacation pay and pension rights to be recognized the first year is $0
Explanation:
The vacations are expected to be taken the following year for which the vacation pay would be made and the pension rights are expected to be paid over the next 5-30 years. So, no cost is recognized in the first year
