Answer:
reported as a current asset on the balance sheet.
Explanation:
According to US GAAP, inventory must be reported at lower of cost or market value. ⇒ Therefore, "generally valued at the price for which the goods can be sold." is wrong.
Inventory is included under current assets since it is considered relatively liquid. ⇒ Therefore, "reported under the classification of Property, Plant, and Equipment on the balance sheet." is wrong.
Inventory is not an expense, cost of goods sold is an expense account. ⇒ Therefore, "reported as a miscellaneous expense on the income statement." is wrong.
Answer:
a cash inflow at the end of the project from net working capital
Explanation:
Given data:
Initial investment = $ 8500
Account payable = 75% of the amount invested = 0.75 × $ 8500 = $ 6375
Now,
the net working capital invested = Initial investment - Account payable
or
the net working capital invested = $ 8500 - $ 6375
or
the net working capital invested = $ 2125
hence, the answer is "a cash inflow at the end of the project from net working capital"
I am willing to take AP classes if the classes will continue to help my knowledge grow and provide new learning experiences.
Answer:
Conspicuous consumption
Explanation:
Based on the scenario being described within the question it can be said that this kind of purchasing is known as Conspicuous consumption. This term refers to when an individual buys goods or services with the main focus/goal of publicly display their economic prowess. Which is what Hope is doing in this scenario by buying an expensive designer bag in order to make her peers jealous.