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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

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Stars are _____, according to the bcg matrix. stars have included apple and the diamond company debeers.
Licemer1 [7]

<span>The answer is ’are business units or products that have the greatest market share and produce the most cash’. Monopolies and first-to-market products are commonly termed stars. On the other hand, because of their high growth rate, stars also use large amounts of cash. This commonly results in the same amount of money coming in that is going out. </span>

4 0
3 years ago
Read 2 more answers
If a worker’s nominal wage rate increases from $10 to $12 per hour and at the same time the general price level increases by 10
lilavasa [31]

If a worker’s nominal wage rate increases from $10 to $12 per hour and at the same time the general price level increases by 10 percent, the worker’s real wage

3 0
3 years ago
Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing i
elena-s [515]

Answer:

False

Explanation:

Upward communication: It is channel of communication in the organization from lower level of hierarchy to higher level of hierarchy. It is the channel through which subordinate can convey information or message to higher management of a company. Though it is very popular form of communication in organization, however, it create lot of gap in communication and block the transperancy in communication as it has to pass through many hierarchy before reaching to the top management of organization.

Performance report is one of the example of upward communcation.

5 0
3 years ago
If labor in Mexico is less productive than labor in the United States in all areas of production, a. then neither nation can ben
denis23 [38]

Answer:

the correct answer is c. then the United States will have a comparative advantage relative to Mexico in the production of all goods.

Explanation:

If you can see, the question directly states that the mexico is less productive, this means that when the labor is used in the production of goods and services, the production of such goods become ineffective comparatively to USA as well.

So it is reasonable to conclude that the USA have comparative advantage over goods produced relatively to mexico, but this will be mainly seen in laour intensive goods.

8 0
3 years ago
In 2018, Sheridan Company had credit sales of $894000. On January 1, 2018, Allowance for Doubtful Accounts had a credit balance
Fantom [35]

Answer:

$37,100

Explanation:

The computation of the adjustment made to Allowance for Doubtful Accounts  is shown below:

= Ending account receivable balance × uncollectible percentage - credit balance of Allowance for Doubtful Accounts + written off amount

= $235,000 × 10% - $22,300 + $35,900

= $23,500 - $22,300 + $35,900

= $37,100

We simply applied the above formula so that the adjustment amount could arrive

4 0
3 years ago
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