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slamgirl [31]
2 years ago
12

During fiscal 2014, BlackBerry Limited wrote down its BB10 smartphone inventory by approximately $1,700,000,000 because its cost

exceeded its net realizable value.
Business
1 answer:
Natasha2012 [34]2 years ago
8 0

Based on the BB10 smartphone being written down by $1,700,000, the journal entry would involve debiting Cost of goods sold and crediting Inventory.

<h3>Why would the above be done?</h3>

The question seeks the journal entry of the above write down. The inventory will be written down by $1,700,000 and this will be charged to the Cost of goods sold.

The journal entry is:

Date                     Account title                                       Debit          Credit

2014                    Cost of goods sold                       $1,700,000

                            Inventory                                                         $1,700,000

Find out more on writing down inventory at brainly.com/question/5771882.

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If the U.S. government was concerned that the depreciating value of the US$ caused the Japanese government unstable, it would se
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If the U.S. government was concerned that the depreciating value of the US$ caused the Japanese government unstable, it would sell yen in the foreign exchange market. If successful the $/yen exchange rate would decline.

Explanation:

Yen that would increase market yen supply and market dollar demand, which would stabilise the dollar price. $/yen means the number of dollars for yen that may be purchased.

This value will decline as the dollar begins to appreciate.

The average Nikkei 225 fell by 7.2 percent relative to its April point at 14 May. And, in April, the yen increased to 109-110 from 112-113 to the dollar. The fall of the stock market did not cause the yen to rise for the first time. As the following chart shows, Japan's stock market downturn has been strongly influenced since 2004 by a high yen as a result of the increase in stock prices.

3 0
3 years ago
LO 1.1The managers of an organization are responsible for performing several broad functions. They are ________.
sveticcg [70]

Answer:

planning, controlling, and evaluating

Explanation:

Planning includes all strategies employed in order to achieve an organisation's set goals and objectives.

Controlling involved monitoring all the plans put in place to achieve an organisation's objectives.

Evaluation is assessing the outcome of the organisation to determine if it is in line with set objectives.

I hope my answer helps you.

8 0
3 years ago
Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resour
sladkih [1.3K]

Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.

Explanation:

The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.

For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.

7 0
2 years ago
In each dropdown that follows, select the correct sign [less than ( &lt;), greater than (&gt; ), or equal (=)] for each comparis
earnstyle [38]

Answer:

1. FIFO inventory is greater than (>) LIFO inventory.

2. FIFO cost of goods sold is less than (<) LIFO cost of goods sold.

3. FIFO net income is greater than (>) LIFO net income.

4. FIFO income taxes are greater than (>) LIFO income taxes.

b. Income shown on the company’s tax return would be lower if LIFO rather than FIFO is used.

Explanation:

FIFO and LIFO are accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.

Simply stated, FIFO and LIFO are accounting methods is used for the valuation of the cost of goods sold and ending inventory of a company.

FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.

LIFO is an acronym for "Last In, First Out" and it assumes last unit to arrive in inventory is sold first, meaning goods that were last added to inventory are the first goods removed from inventory for sale and are recorded as sold first.

5 0
3 years ago
Once an operations strategy is adopted and articulated, the primary emphasis becomes perfecting the system of activities that ma
schepotkina [342]

Answer:

False

Explanation:

This statement is false because operation strategy is ever changing, continually revised, reviewed and coordinated with new and latest evolving corporate strategies which will ensure efficiency and productivity remains at it peak.

4 0
3 years ago
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