Answer:
The correct answer is A will always be equal to or less than B.
Explanation:
In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.
The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.
Answer:
D. 10.0%
Explanation:
As the bank reqiresd 10% compensating balance the actual amount unrestricted for the loan is 48,000 x (1 - 10%) = 43,200
and from this amount we have to solve for the effective rate:
principal x rate = interest
48,000 x 0.09 = 4,320
now we divide the interest over the actual principal to know the effective rate:
4,320 / 43,200 = 0.10 = 10%
Answer
option A
Price
Explanation
Lacy have considered almost all marketing mix strategy except for "Price".
As,
Lacy have started a gourmet chocolate bar and have spent months in perfecting her product, by taste and by its presentation - Product
The place where her Lacy will place her product is a local candy store as well as online - Place
Lacy have planned to give advertisement in a local magazine for marketing - Promotion
Answer:
The inventory should be registered as $2000
Explanation:
The inventory should be registered by it is acquisition cost. Once sold Inventory will go down bt $2000 and COGS will rise by $2000
Answer:
b. $10
Explanation:
The computation of the cost per shirt is shown below:
= (The cost of its factory, raw materials, and labor) ÷ (production level)
= $500,000 ÷ 50,000 shirts
= $10
Since we have to compute the cost per shirt before the increase in production level so we do not consider the increased production level and increase labor and raw material expense.
