The lower-of-cost-or-net realizable value can be applied to total inventory, groups of similar items, or to each item. Groups of similar items results in the largest write downs.
What is supposed of inventory?
Inventory refers to all the items, items, merchandise, and substances held by way of a enterprise for promoting within the market to earn a profit. instance: If a newspaper dealer uses a vehicle to supply newspapers to the customers, simplest the newspaper might be considered stock. The automobile could be treated as an asset.
What are inventory items?
Inventory is the objects/products a company has to sell, in addition to the substances had to create those products. The 3 foremost classes of inventory are uncooked materials, paintings-in-progress and finished goods. An example of raw substances inventory would be the magnesium in an alloy wheel.
What's the purpose of inventory?
The primary feature of inventory is to provide operations with an ongoing deliver of materials. To acquire this function effectively, your commercial enterprise ought to try to find a sweet spot among an excessive amount of and too little, with out ever walking out of inventory.
Learn more about inventory here:- brainly.com/question/24868116
#SPJ4
Intolerable acts such as Boston tea party act, Administering justice act, Massachusetts act and Quartering acts were passed by the British crown which repressed the American colonies who were not given enough representation in the parliament.
Explanation:
English East India company was ailing financially and hence to gain stability, it started to persuade the colonists to buy tea which was high in price. The colonists could not afford to pay such a heavy price and hence they bought the local dutch tea leaves. British also started to inflict some small and secret taxes. The local merchants in the american colonies got annoyed as Britain is trying to give a tough competition forcing the people to buy the British tea leaves. All colonies refused to accept the East India Tea and Boston gave a tough defiance. Boston patriots came in the guise of the Native American Indians and toppled more than three hundred chests of tea leaves into the sea and the Boston ports were closed for trade.
Following this, administering justice act which gave authority to the British officers to imprison and give death penalty to the colonists who seemed to not obey the crown and pay taxes. Massachusetts act gave Britain full authority over Massachusetts Government which was considered to be bitter by the Natives who lived there. Finally, quartering act insisted the colonists to give free accommodation, lodging and food to the British soldiers in their residence which was considered to be atrocious. Annoyed colonists, plunged into protests desiring secession from homeland.
One of the major motivation was <span>prevent further European colonization in the Caribbean region</span>
Answer is Executive and legislative are elected by the people. Judicial is appointed by the president and approved by the senate.
