Answer:
Factual arguments attempt to establish whether something is or is not so. Facts become arguments when they're controversial in themselves or when they're used to challenge or change people's beliefs.
Explanation:
The elements surrounding a word which influence its meaning are called the CONTEXT.
Context is also defined as the set of circumstances in a communicative situation which will influence how the word is perceived, received, and understood.
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.
Answer:
d) $57,500
Explanation:
For computation of gross margin under absorption costing first we need to find out the unit product cost under absorption costing which is shown below:-
Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + (Fixed manufacturing overhead ÷ Units produced)
= $32 + $45 + $2 + ($43,500 ÷ 2,900)
= $32 + $45 + $2 + $15
= $94 per unit
Gross margin = Units sold × (
Selling price - Unit product cost under absorption costing)
= 2,500 × ($117 - $94)
= $57,500