Answer:
$2,880
Explanation:
US GAAP requires companies to value their inventories at lower of cost or net realizable value.
so we calculate both:
- the cost = 8 x $530 = $4,240
- the net realizable value = 8 x $360 = $2,880
Since the net realizable value is lower, then the computers must be recorded at that price.
If the previous year did not see more than a five percent increase in these costs, there is no change in the rent, the clause will be the Escalator clause.
<h3>What is a clause?</h3>
It's a particularly precise clause in a legal agreement that refers to a key point of agreement between the contracting parties. A clause establishes the terms wherein the parties will conduct during the terms of the contract.
Terminology in a sales contract that raises your purchase price by a specific amount above competing offers till the offer reaches its maximum price you're ready to pay is called an escalation clause.
This will help to enhance the appeal of an offer, it also informs the seller of the exact amount you're willing to spend. This will also help to negotiate on price to make the deal close.
Therefore, the correct answer will be the Escalator clause.
Learn more about the clause, here:
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Answer:
Preparation of bank reconciliation is shown Below:-
Explanation:
Miller co.
Bank Reconciliation
Aug-31
Cash Balance according to bank statement $3,480
Add: Deposits in transit not recorded by bank $729
Balance $4209
Less: Outstanding checks $796
Adjusted balance $3,413
Cash Balance according to company's records $3,535
Less: Bank service charge $113
Error in recording $9 $122
Adjusted balance $3,413
The correct answer for the question that is being presented above is this one: "D. Most politicians do not care about helping the people become more prosperous."
Here are the following choices:
<span>A. Politicians will follow bad economic policies in order to attract votes.
B. Most politicians have a very poor understanding of the principles of economics.
C. Politicians do not care about what is good for their citizens.
D. Most politicians do not care about helping the people become more prosperous.</span>
