Answer:
C: expensed in the period the product is sold
Explanation:
A product cost is the manufacturing costs that are accumulated on the product. Before the product is sold these product cost is shown in the current asset section on the balance sheet <em>as inventory valuation</em>.
In the period that the product is sold, the product cost are included in the cost of sales expenses<em> to determine profit from sale</em>.
The correct answer is B because there are websites that list businesses for sale along with contact information for dealing.
Answer:
$5,050.25
Explanation:
The daily interest multiplier has already been stated to reflect interest earned over a 180-day investment timing horizon, hence , in order to determine the compound of $5,000 saved for 180 days, we simply multiply the daily interest multiplier for 180 days by the actual amount saved as shown below:
FV=PV*interest multiplier
FV=future value=amount in the savings account after 180 days=the unknow
PV=the amount placed in savings account= $5,000
interest multiplier= 1.010050
FV=$5,000* 1.010050
FV=$5,050.25
Answer:
See below
Explanation:
It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.
Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.
