Which of the following scenarios is a circumstance in which it would be ethical to practice confidentiality?

The lower of cost or market approach is Blank______ for companies that use Blank______. Multiple choice question. required under

LenaWriter [7]

The lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.

<h3>What is market approach?</h3>

The market approach is a method of evaluating an asset's worth based on the selling price of comparable assets.
Along with the cost technique and discounted cash-flow analysis, it is one of three main valuation methodologies (DCF).

Companies that use LIFO or retail inventory are obligated by GAAP to use the lower cost or market method.
A realtor, for example, can gather information on comparable real estate sales in close vicinity to a client's property and modify those values to account for differences in land area and building square footage to arrive at a market-based valuation for the targeted property.

Therefore, the lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.

Know more about the market approach here:

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The complete question is given below:

The lower cost or market approach is _____ for companies that use _____.

a. optional under GAAP; LIFO or the retail inventory

b. optional under GAAP; any method of inventory valuation

c. required under GAAP; LIFO or the retail inventory

d. required under GAAP; any method of inventory valuation

7 0

1 year ago

During the Truman and Eisenhower administrations, corporate development in the United States:__________

Anastaziya [24]

The answer is discouraged by government

7 0

3 years ago

Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three

Verizon [17]

Answer:

Total sales is $1,777,000

Explanation:

April May June Total

cash sales $115,000 $77,000 $140,000 $332,000

sales on account $455,000 $500,000 $490,000 $1,445,000

Total sales $570,000 $577,000 $630.000 $1,777 ,000

Above is the sales analysis for the three months April to June,the total sales in the quarter is $1,777,000 which comprises of both cash sales and credit sales in all of the three months.

Sales does not be cash,as sales is to recognized when the entity making the sale has performed its obligation of delivering the goods to the customers or delivered on an agreed service.

4 0

2 years ago

Employees have leadership prototypes, which they use to Multiple Choice decide whether a leader is effective based on their perc

VikaD [51]

Based on implicit leadership theory, Employees have leadership prototypes, which they use to "<u>decide whether a leader is effective based on their perception of how the leader should look and act."</u>

<h3>What is Leadership Prototype?</h3>

Leadership Prototype generally occurs when people evaluate or assess a leader's effectiveness.

Leadership prototypes are implicit leadership whereby individuals use the cognitive indication of an actual or abstract leader believed to possess all leaders' attributes.

Hence, in this case, it is concluded that the correct answer is to "<u>decide whether a leader is effective based on their perception of how the leader should look and act."</u>

Learn more about the Leadership prototype here: brainly.com/question/9772602

5 0

2 years ago

An animal shelter spends $2.00 per day to care for each cat and $6.50 per day to care for each dog. Isaiah noticed that the shel

kari74 [83]

Answer:

There were 9 cats at the shelter on Wednesday.

Explanation:

Per day cost to care for each cat = $2.00

Per day cost to care for each dog = $6.50

Total Cost on Wednesday = $44.00

Suppose

Number of cats = C

Number of dogs = D

According to given condition

C + D = 13 (Equation 1)

( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat

2C + 6.5D = 44 (Equation 2)

Multiply (Equation 1) by 2 and we get

2C + 2D = 26 (Equation 3)

Subtract (Equation 3) from (Equation 2)

2C + 6.5D - 2C - 2D = 44 -26

4.5D = 18

D = 18/4.5

D = 4

by placing value of D in (Equation 1)

C + 4 = 13

C = 13-4

C = 9

4 0

3 years ago