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Bumek [7]
3 years ago
7

It is generally recognized that a major objective of accounting for inventory is the proper determination of

Business
1 answer:
ZanzabumX [31]3 years ago
4 0

Answer:

Net income

Explanation:

The main objective of an accounting with respect to the inventories is determining of an income via the matching principle where the revenues are matched with the expenses incurred

So as per the given situation, the net income should be considered and relevant

Therefore it is to be correct term that should be used here

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Riverbed Corporation has the following accounts included in its December 31, 2020, trial balance: Accounts Receivable $111,900,
777dan777 [17]

Answer:

$439,610

Explanation:

Preparation for the current assets section of the balance sheet

Current assets

Cash $32,000

Accounts Receivable$111,900

Allowance for Doubtful Accounts($9,080)$102,820

($111,900-$9,080)

Inventory $295,000

Prepaid Insurance $9,790

Total current assets $439,610

($32,000+$102,820+$295,000+$9,790)

Therefore the current assets section of the balance sheet is $439,610

4 0
3 years ago
The supply curve represents the _____ price at which a firm is willing to _____.
Harrizon [31]
<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>
8 0
3 years ago
Lithium, inc. is considering two mutually exclusive projects, a and
Alenkasestr [34]
Missing question: Which project should be implemented based on net present value?

Solution:
NPV = -Co + C1/(1+r) + C2/(1+r)^2 + ... + Cn/(1+r)^n

Project A
NPV = -95000 + 65000/(1+0.1) + 75000/(1+0.1)^2 = $26,074.38

Project B
NPV = -120000+ 64000/(1+0.1) + 67000/(1+0.1)^2 + 56000/(1+0.1)^3 + 45000/(1+0.1)^4 = $66,362.95

The rule: The project with higher NPV is chosen for implementation. Based on the NPVs calculated, project B is the most viable.
5 0
4 years ago
Who is the owner of Amazon
scoray [572]

Answer:Jeff Bezos

Explanation:

7 0
3 years ago
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Which of the following is a good example of inflation?
Ulleksa [173]

Answer:

D. It cost you $85 to gas up your car this month. But last month it only cost you  $50.

Explanation:

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4 years ago
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