Answer: 59 days
Explanation: As we know that,
And,
where,
= $550,000
so,
=6.19
Now, putting the values into first formula we have :-
= 59 days
Answer:
A. the lower of cost or market
Explanation:
- Regardless of the inventory cost the flow assumption that that is used to show the invention of the balance sheets is stated in the lower order of the cost to the market and that the cost on an inventory item changes form the time it's acquired or sold.
Answer:
The answer is stated below:
Explanation:
The trade off which is faced by people when choosing the house or an apartment are:
Consumer or the people faced with the several options like an apartment or the house, when deciding what to purchase.
Resources - Resources means the financial condition of the person, if the resources are unlimited, then person will consider to buy a house and if the person have the resources limited, then they should consider buying an apartment.
Family preference - The person family preference need to be considered as if the family wants or like to live in house then the person should consider this and if want an apartment, then the person should consider that.
The amount subsequently paid to them best exemplifies vacancy cost
- Job costing is often used by companies that produce a one of a kind, custom-ordered products, or mostly small set of different products. firms use job costing when their products or services differs in when looking at material needed, time required to complete the job, and/or complexity of production
- The amount paid to them is vacancy cost, because they are doing the work another staff is supposed to do.
Conclusively, we can say that the amount subsequently paid to them best exemplifies vacancy cost
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Answer:
Option B is correct. Replacement Cost
Explanation:
According to LCM method, the inventory must be recorded at lowest of cost or Market value. The market value of the asset is replacement value and this is the cost at which the inventory must be recorded. This replacement cost is always greater than the net realizable value which is equal to the difference between the Market value and cost to sell.