Answer:
Explanation:
The applicable accounting standard IAS 2 (Inventory) requires that inventory be carried at the lower of cost or net realizable value.
Initial recognition of inventory is at cost. In other words, where the cost is lower than the net realizable value, inventory is written down to the net realizable value.
As such, when inventory declines in value below original (historical) cost, and this decline is considered other than temporary, the maximum amount that the inventory can be valued at is the net realizable value.
The right option is b. Net realizable value
Answer:
Station 1 is a bottleneck station because the processing time taken to process the product in such station is 9 minute when compared with Station 2 and Station 3
Explanation:
Station 1 = Processing time is 9 minutes
Station 2 = Processing time is 5 minutes per unit (15 minutes / 3 machines)
Station 3 = Processing time is 7 minutes
Thus, the Station 1 is the bottleneck station with a bottleneck time of 9 minutes per unit.
Answer:
=10%
Explanation:
Real GDP per capital is the GDP per individual in an economy. The formula for calculating real GDP per capital is
Real GDP per capital real GDP/ population
Last year real GDP per capital would be 907,500,000,000/ 3,300,000,000
=907,500/ 3,300
=275
the previous real GDP is 750,000,000,000/3,000,000
=750,000/3,000
=250
increase in GDP is 275-250= 25
Percentage increase
=25/250 x 100
=0.1 x 100
=10%
Answer:
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