Answer:
The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.
Explanation:
The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.
The answer is <span>c. what proportion of the bank's visa cardholders pay less than $15 in interest? as that is the best question.</span>
Answer:
I can't figure it out sorry
Answer:
Option B
Explanation:
Both Nadia and Samantha have insured their cars and willing to pay $100 over the expected loss for insurance. If the car is stolen the company would pay expected loss and would earn nothing and if the car is not stolen the company would not be liable for any loss and would earn $200, Therefore the company would earn between $0 and $200.
Answer:
C. 31.25%.
Explanation:
PRODUCTS X Y Z Total
Sales in dollars $20,000 $40,000 $100,000 $160,000
CM ratio 45% 40% 25%
Contribution margin ratio can be calculated by weighted average method base on the sales ratio of each product.
Contribution margin as a whole = ( CM ratio of X x Ratio of X in total sales ) + ( CM ratio of Y x Ratio of Y in total sales ) + ( CM ratio of Z x Ratio of Z in total sales )
Contribution margin as a whole = ( 45% x $20,000 / $160,000 ) + ( 40% x $40,000 / $160,000 ) + ( 25% x $100,000 / $160,000 )
Contribution margin as a whole = 5.625% + 10% + 15.625% = 31.25%
