Answer:
The unit value os $20 which Ross should use
Explanation:
LCM stand for or termed as Lower of Cost or Market approach- This approach is described as the inventory values at the historical cost or lesser than the replacement cost of market.
NRV stands for or termed as Net Realizable Value- This rule or method is defined as the estimated selling price, which the company expects to gather in the cash form from the customer through the sale of the inventory.
Computing the unit value as:
Given,
Cost price per unit is $20
Selling price per unit is $30
Selling cost per unit is $4
Using the NRV method:
NRV = Selling Price - Selling Cost
= $30 - $4
= $26
Using the lower of cost rule:
Cost = Cost of product
Cost = $20
Therefore, the $20 is the unit value which Rose should use.
Answer:
c. a claim against a portion of the total assets of an enterprise.
Explanation:
The statement of stockholder's equity comprises common stock, preferred stock, and retained earnings.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced. So, its claims against the portion of the total assets
Answer:
Signwriters design, manufacture and install signs, including advertising signs for shops, businesses and public facilities as well ... Traditional signwriters use methods closely related to those of their forebears in this craft and do not ... Designs are often created by hand on the drawing board and later combined with CAD
OPEC - Organization of the Petroleum Exporting Countries