Answer:
LCM = $15.5
Explanation:
RC = $14
Ceiling: NRV = $17
Floor: NRV – PM
Net realizable value for product ALPHA -Normal profit for product ALPHA
= $17 – $1.50= $15.5
Market= $15.5
LCM = $15.5
Therefore the proper per unit inventory value for product ALPHA applying LCM will be $15.5
Saying that money is indivisible is false. As long as its not a penny, money can be divided down to the last cent
<u><em>Explanation</em></u>:
<u>(a) FIFO</u>
In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.
(b) LIFO
Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29
(c) weighted average
This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.
(d) specific identification.
Here cost are just assigned to each individual item or batch of items in the period.
Answer:
Following is attached the solution for each part as required.
I hope it will help you a lot!
Explanation:
The international organization was discussed as possessing effective enforcement capacity ----The World Trade Organization
World Trade Organisation:
has enforcement capacity through its trade dispute panels that possess the capacity to impose trade penalties on offending states for violating their prior commitments for trade liberalization.The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
What is the main goal of the World Trade Organization?
The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people's lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
Who created the WTO?
The World Trade Organization (WTO) was established on January 1, 1995, under an agreement reached during the Uruguay Round of multilateral trade negotiations.
Learn more about World Trade Organisation:
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