All categories

3 years ago

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:

1 answer:

7 0

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is an increase.

A write-down of inventory to net realizable value is typically recognized as an increase in cost of goods sold in the period of the write-down, according the inventory equation:
ending inventory = beginning inventory + purchases - cost of goods sold

You might be interested in

A common problem in surveying is to determine the altitudes of a series of points with respect to some reference point. The meas

iVinArrow [24]

Answer:

During light downpour or day off, teams can work; be that as it may, at whatever point the downpour or snow is influencing perceivability or there is lightning, a field group ought not be working.

Explanation:

A common problem in surveying is to determine the altitudes of a series of points with respect to some reference point.

The measurements are subject to error, so more observations are taken than are strictly necessary to determine the altitudes, and the resulting over determined system is solved in the least-squares sense to smooth out errors. 

5 0

3 years ago

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

dsp73

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

4 0

3 years ago

Present all the journal entries including the adjustments that would be made on July 31, 2015, the end of the fiscal year, for e

Kamila [148]

Answer:

Account Title Dr Cr

Supplies Expense (22,150+9,350-8,810)..............22690

Supplies....................................................................................22690

Interest Receivable .....................................................450

Interest Revenue .......................................................................450

Rent Revenue.............................................................$7,000

Unearned Revenue...............................................................$7,000

3 0

3 years ago

A commercial bank will loan you $20,000 for four years to buy a car. The loan must be repaid in 48 equal monthly payments. The a

Lisa [10]

Answer:

Monthly payment = $469.701

Explanation:

Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.

The monthly equal installment is calculated as follows:

Monthly equal installment= Loan amount/Monthly annuity factor

Loan amount = 20,000

Monthly annuity factor =

=( 1-(1+r)^(-n))/r

r- Monthly interest rate (r)

= 6/12= 0.5%

n- Number of months ( n) = 20 × 4 = 48

Annuity factor

= ( 1- (1.005)^(-48)/0.005= 42.5803

Monthly installment= 20,000 /42.5803 = $469.701

Monthly installment = $469.701

Monthly payment = $469.701

8 0

3 years ago

Providing and recording documents are performed by:____________.

postnew [5]

Providing and recording documents are performed by : The closing agent

<h3>Who is a closing agent?</h3>

Closing agents are basically professionals who acts directly for the buyer by making interest of the buyer known to the seller. They are usually associated with real estate transactions.

A closing agent could be a lawyer speaking to a bank or lender. The actual closing is conducted by a closing agent who might be a worker or employee of the lender or the title company or organization.

Other duties of a closing agent are :

Ordering title work and a property survey.

Issuing commitment title.

Assisting with obtaining requisite insurance
Issuing and sending the title insurance policy to both the buyer and lender
Assembling the loan closing package .

Therefore, closing agent responsible for providing and recording documents.

Learn more about closing agent here : brainly.com/question/8023863

5 0

2 years ago