Answer:
$45,000
Explanation:
LCM (lower of cost or market) is an inventory valuation method that uses the lower figure between the cost of purchase of an inventory, and the price at which it can be currently replaced in the market, as the carrying amount of the inventory.
Accordingly, using LCM, the value of Daily Grind's inventory
= lower value of (inventory of coffee makers without timer) + (inventory of coffee makers with timer)
= 10,000 + 35,000
= $45,000
Answer:
<u>A. The consumer is a participant in the process of delivering products or services.</u>
Explanation:
- As a known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
- Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
Answer:
the total partner equity is $105,000
Explanation:
The computation of the total partner equity is shown below;
= Capital contributions × number of partners - withdrawn amount by the partners + total profit
= $50,000 × 2 - $5,000 - $7,500 + $17,500
= $105,000
hence, the total partner equity is $105,000
Therefore the correct option is B.
The executing and controlling phases of a project usually overlap because project work takes place during the executing phase. A project manager monitors the status of a project and takes a corrective action as work is being performed. There are five phases of project management namely; conception and initiation, planning, execution, performance/monitoring, and project close.
Answer:
Selling expenses
Explanation:
Selling expenses are the costs associated with distributing, marketing and selling a product or service.
Skoot wants data regarding online product searches which they would use to design their marketing campaigns and to gather customer insights.
The cost incurred is an expense that is termed selling expense, that would be classified as indirect expenses on their Income statement because they do not contribute directly to the making of products or delivery of a services.
