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Rama09 [41]
3 years ago
10

Novak Corp. developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNR

V) basis in valuing inventories: Product Cost Market A $139000 $146000 B 98000 93000 C 195000 198000 After Novak Corp. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
Business
1 answer:
never [62]3 years ago
3 0

Answer:

$427,000

Explanation:

Calculation for what the value of the inventory reported on the balance sheet would be

Value of the inventory= $139,000 + $93,000 + $195,000

Value of the inventory = $427,000

Therefore the value of the inventory reported on the balance sheet would be $427,000

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These illustrations highlight the influence of competitive elements as a component of the external environment.

<h3>Is competition a part of the external environment?</h3>

By definition, the external environment includes all external forces and influences that have an impact on how businesses operate. Competitive, political, technological, and economic issues are included in the business environment variables.

<h3>What does external competition entail?</h3>

A business competes and operates in a dynamic external system known as a competitive environment. The marketplace in which you compete will be more competitive the more vendors there are of a given good or service.

<h3>Which elements influence the competitive environment?</h3>

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3 0
2 years ago
A budget is used to do which of the following
Leya [2.2K]

Answer:

A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.

Explanation:

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6 0
3 years ago
In the 4e framework, dell understands the importance of _______, which leads to action, the potential for a relationship, and po
zheka24 [161]
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4 0
3 years ago
To help finance a major expansion, Top Fashion Company sold a noncallable bond several years ago that now has 20 years to maturi
Basile [38]

Answer:

4.51%

Explanation:

First, find the yield to maturity(YTM) of the bond; this would be the pretax cost of debt.

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3 years ago
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