1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nonamiya [84]
2 years ago
5

The adjusting entry to decrease merchandise inventory due to lcm computations, includes

Business
1 answer:
AnnyKZ [126]2 years ago
4 0

The adjusting entry to decrease the merchandise inventory under <em>the lower of cost or market value computations</em> includes a debit to the Cost of Goods Sold and a credit to the Merchandise Inventory.

The <em>Lower of Cost or Market Value</em> determines the value of inventory based on either the cost of the item or the market value, whichever is lower.

Thus, since the merchandise inventory decreases by the entry, the cost must be higher than the market value.

Learn more: brainly.com/question/16015410

You might be interested in
An investor is currently holding income bonds, preferred stocks, subordinated debentures, and u.s. treasury bonds. which of thes
Andreyy89

Answer: U.S Treasury bonds

One of the main risks of investing is the risk of not getting back the amount invested. This risk is called default risk.

Income bonds, preferred stocks and subordinated debentures have default risk since there is no guarantee by the issuing companies that they will repay the principal, and interest or preferred dividends, as the case may be.

However, if an investor holds a U.S treasury bonds until maturity, the government gives a guarantee on the interest payment and principal amount. Hence the U.S treasury bonds are traditionally considered to have the least risk.

However, even U.S. treasury bonds are sensitive to inflation and interest rates.

8 0
3 years ago
Price _________________ is the selling of product to different buyers at different prices when the price differences are not jus
r-ruslan [8.4K]

Answer: Price discrimination.

Explanation:

Price discrimination occurs when a seller sales the same product for different prices to different buyers, in one case the price is less and in another case the price is higher when there is no need for a change in selling price. An example of price discrimination is when a car dealer sells a car at a cheaper price to his friend than he sold the same model of car to another buyer.

8 0
3 years ago
The micro-marketing of firms that are production-oriented usually results in a boost in sales and profits. frequently leads to h
Arlecino [84]
The micro marketing of firms that are production oriented USUALLY RESULTS IN A BOOST IN SALES AND PROFITS.
Micro marketing refers to a strategy used by some companies to target a small segment of consumers with specific needs for the products of the company. In micro marketing, all advertisement efforts are targeted at the identified group of consumers. The targeted advertisement usually results in increased sales.
3 0
3 years ago
___________ is/are treated as receivables if collected from employees or deducted from their salaries.
dangina [55]
Payments is the correct word for the blank
6 0
3 years ago
Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross retu
Vikentia [17]

Answer:

A 15.64%

Explanation:

300*1.18 = 354

354*0.02 = 7.08

354 - 7.08 = 346.92

rate of return = 346.92/300

                      = 15.64%

Therefore, The rate of return on the fund is 15.64%

3 0
3 years ago
Other questions:
  • What is a target market?
    12·2 answers
  • Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interes
    13·2 answers
  • Selecting a rental car from the government rates tab will result in a daily fee that provides you with unlimited mileage, liabil
    8·1 answer
  • Based on the criteria used by Bureau of labor statics,Identify each person status as employed,unemployed, not in labor force ,no
    15·1 answer
  • Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This
    14·1 answer
  • H) Is necessary to trim fruit plants? if yes Why?<br>​
    12·1 answer
  • Give an example of a type of presentational aid you have used in a past speech. Do you feel the presentational aid was effective
    13·1 answer
  • Explain the theory of absolute advantage
    7·1 answer
  • Its investment bankers have told Donner Corporation that it can issue a 25-year, 8.1% annual payment bond at par. They also stat
    15·1 answer
  • All of the following are ways through which affirmative action can arise at the workplace except Multiple Choice legal requireme
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!