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Rama09 [41]
2 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]2 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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Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
3 years ago
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
Zigmanuir [339]

Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

           (To record Fallow's contribution)

3 0
3 years ago
societies use machinery and energy sources rather then humans and animals for production and __________ societies use the creati
Morgarella [4.7K]

Correct/Complete Question:

Industrial societies use machinery and energy sources rather then humans and animals for production and __________ societies use the creation, processing, and storage of information for production.

Answer:

Post-industrial

Explanation:

There are stages of development of a society and one of those stages is post-industrial society.

Post-industrial societies are societies in which societal production is as a result of creation, processing and storage of information. Simply put, Post-industrial societies are societies in which service provision creates more wealth than manufacturing. This services are done through information creation, processing and storage as written above.

Cheers

7 0
2 years ago
Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind o
Orlov [11]
The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
5 0
2 years ago
The premiums paid by the employer in a business life insurance policy are
Tema [17]
<span>A life or health insurance policy is owned by an employee, but the premiums are paid by the employer: o The premiums are treated as taxable income to the employee. o The employer may deduct the premiums against business income as long as the premiums are a reasonable business expense.</span>
3 0
3 years ago
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