LCNRV (Lower of Cost or Net Realizable Value) is a concept used in inventory valuation. This concept compares the cost of inventory to its net realizable value and requires the lower value to be used. The correct statement regarding LCNRV is option C, which states that LCNRV may sometimes be less than net realizable value.
LCNRV compares the cost of inventory (AO) to its net realizable value (NRV), which is the estimated selling price minus any estimated costs to complete and sell the inventory. When applying LCNRV, if the cost of inventory is higher than its NRV, the inventory should be written down to the lower value.
Option C is correct because LCNRV may sometimes be less than net realizable value. This occurs when the estimated costs to complete and sell the inventory exceed the difference between the estimated selling price and any costs of disposal. In such cases, the inventory's LCNRV would be lower than its NRV, and the lower value should be used for inventory valuation.
It's important to note that option B is incorrect because LCNRV does not always equal net realizable value. The concept of LCNRV ensures that inventory is valued at the lower of its cost or NRV, and in certain situations, the NRV may be higher than the LCNRV.
By applying LCNRV appropriately, businesses can accurately report the value of their inventory on the balance sheet, reflecting any potential declines in the inventory's value and ensuring a conservative approach to financial reporting.
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Which of the following accounts would not
use T-Accounts?
A. Shareholder's Capital
B. Cash
C. Dividends Payable
D. None of the Above
Although you have to get ready for a date, you are considering playing one more video game. You will choose to play the game if?
Although you have to get ready for a date, you are considering playing one more video game. You will choose to play one more game if your date says they will be a little late.
When meeting someone for a date, there are some things one needs to be sure of like always being on time, the personal gestures, volunteering to pay the bill if not then asking to split the bill in half. Being a good listener than a good talker and also being aware of your table etiquette, treating the waiter or waitress with respect, complementing your date.
All of these are the key factors that decide whether you are meeting with them again or not because it not the food that they are going to remember, it's your behavior that is going to move ahead.
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the internal assessment allows the organization to identify its opportunities and threats as part of a long-term planning process.
Internal assessment is an important process in strategic planning, which enables an organization to identify its strengths and weaknesses, as well as the opportunities and threats that exist in its environment. Long-term planning, on the other hand, is the process of setting goals and strategies for the organization to achieve its desired outcomes over a long period of time.
By conducting an internal assessment, an organization can identify the strengths and weaknesses of its internal resources and capabilities, as well as the opportunities and threats that exist in its external environment. This information can then be used to develop strategies that will enable the organization to leverage its strengths, address its weaknesses, capitalize on opportunities, and mitigate threats.
1.An internal assessment can be conducted using a variety of methods, such as SWOT analysis, resource analysis, and capability analysis. These methods involve examining the organization's internal resources and capabilities, as well as the external environment in which it operates.
2. The results of the assessment can then be used to inform the organization's long-term planning process, by helping it to identify its goals, develop strategies to achieve those goals, and allocate its resources accordingly.
In conclusion, the internal assessment allows an organization to identify its opportunities and threats as part of a long-term planning process. The results of the assessment can then be used to develop strategies that will enable the organization to achieve its desired outcomes over a long period of time.
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Which structures are found in all early vertebrate embryos?
select all that apply
a) leg, flipper or wing bones
b) tail
c) primitive lungs
d) gill slits
The structures found in all early vertebrate embryos are the tail and gill slits.
In the early stages of vertebrate development, certain structures are present that are common to all vertebrate embryos. The tail is a characteristic feature found in early vertebrate embryos, which later develops into the tailbone or coccyx in humans. The tail is important for various functions, including balance and locomotion. Additionally, gill slits are also present in early vertebrate embryos.
These gill slits are openings in the pharynx that allow water to pass through and facilitate respiration in aquatic organisms. While gill slits may not persist in all vertebrates throughout their entire lifespan, they are present during the early embryonic stages.
Option B (tail) and Option D (gill slits) are the correct answers.
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Sales tax is calculated by multiplying the price of an item by the
withholding amount
income tax
tax rate
Answer:
tax rate
Explanation:
got it right on test
even though it is now showing signs of difficulties, in what way has millercoors already beat the odds?
Even though MillerCoors is now showing signs of difficulties, it has already beat the odds in several ways. One significant way is that it has been successful for its first six years. The company increased its market share for its main products.
By achieving this, MillerCoors demonstrated its ability to compete effectively in the beverage industry and attract customers to its offerings. Additionally, MillerCoors has been able to both create value for customers and reduce operating costs.
This is a remarkable accomplishment, as companies often struggle to find the right balance between offering high-quality products and services while maintaining cost efficiency. By providing customers with valuable products at competitive prices, MillerCoors has set itself apart from competitors and created a loyal customer base.
In summary, MillerCoors has already beat the odds by being successful for its first six years, increasing market share for its main products, and striking the delicate balance between creating value for customers and reducing operating costs. Despite the current signs of difficulties, these achievements reflect the company's resilience and adaptability in a competitive market.
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Complete Question:
Even though it is now showing signs of difficulties, in what way has MillerCoors already beat the odds?
a. It has been able to substantially reduce costs.
b. It has increased market share for its main products.
c. It has been successful for its first six years.
d. It has been able to both create value for customers and reduce operating costs.
Suppose that M = 300, P = 150, and Y = 6. Then the velocity of circulation equals A) 3.00. B) 2.00. C) 0.02. D) 0.50.
The equation for the velocity of circulation is V = (PY) / M. Substituting the given values, we get V = (150 x 6) / 300 = 3. Therefore, the main answer is A) 3.00.
The velocity of circulation is a measure of how quickly money changes hands in an economy. It is calculated as the ratio of nominal GDP (PY) to the money supply (M). In this case, we are given that M = 300 (presumably in some unit of currency), P = 150 (the price level), and Y = 6 (real GDP). We can use these values to calculate the velocity of circulation as V = (PY) / M. Substituting in the given values, we get V = (150 x 6) / 300 = 3. This means that on average, each unit of currency is being spent three times per year. This value can provide insight into the level of economic activity and inflation in an economy. Therefore, the detail answer is that the velocity of circulation is 3, and this indicates that money is changing hands relatively quickly in this hypothetical economy.
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T/F. A simple will is legally binding only if it is prepared by a licensed attorney.
The given statement "A simple will is legally binding only if it is prepared by a licensed attorney." is false becasue a simple will is legally binding even if it is not prepared by a licensed attorney.
While it is advisable to seek legal assistance when creating a will to ensure it meets all legal requirements and addresses individual circumstances, it is not a requirement for the will to be prepared by a licensed attorney. Individuals can draft their own simple wills, outlining their wishes for the distribution of assets and appointment of beneficiaries.
However, it is important to note that the laws regarding wills may vary by jurisdiction, so it is recommended to consult local laws and regulations or seek professional advice to ensure compliance and validity of the will.
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Most advertising spending is directed to _____.
Answer:
the internet
Explanation:
governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.
Answer:
Developing
Explanation:
If plant assets of a manufacturing company are sold at a gain of $1,000,000 less related taxes of $350,000, and the gain is not considered unusual or infrequent, the income statement for the period would disclose these effects as
A. operating income net of applicable taxes, $750,000.
B. an extraordinary item net of applicable taxes, $750,000.
C. a prior period adjustment net of applicable taxes, $1,000,000.
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Answer:
D. a gain of $1,000,000 and an increase in income tax expense of $350,000.
Explanation:
Given that
The gain is $1,000,000
And, the taxes is $350,000
So here the income statement that disclose the impact is that
There is a gain of $1,000,000 and also at the same time the income tax expense is rise by $350,000
Therefore the option d is correct
hence, the same would be considered
20
Abioye has always been passionate about starting his own restaurant. He started waiting tables as soon as he was old enough to get a job and is now a manager. He has saved his
money and is ready to start his own business. What term BEST describes Abioye's career path?
O A
mentoring
OB. educational
OC. accountable
OD. entrepreneurial
D
Abloye has always been passionate about starting his own restaurant. He started waiting tables as soon as he was old enough to get a job and is now a manager. He has saved his money and is ready to start his own business. The term that best describes Abloye's career path is entrepreneurial. The correct option is d.
Entrepreneurial thinking can manifest itself in many ways, whether it is the hard core serial entrepreneur who has developed a range of business ideas, or the social entrepreneur using technology to empower women in India, or artists using their work to raise awareness of social injustice or inequality. Entrepreneurial thinking enables people to be flexible, adaptable, and see opportunities.
Thus, Abloye's career path is entrepreneurial.
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Careers in the Hospitality and Tourism career cluster are
O highly desirable and pay high wages.
O bountiful and expected to continue to grow.
O seldom desirable and pay low wages.
O limited and expected to continue to decline.
Answer:
B
Explanation:
Edge
Careers in the Hospitality and Tourism career cluster are bountiful and expected to continue to grow. Thus option B is correct.
What are Careers?Career sectors are means of classifying various career kinds based on shared characteristics. People can use these criteria to help them focus their job options and select a suitable path.
A collection of occupations that emphasize giving people food, lodging, aid to travelers, and enjoyable activities. The abundance of jobs in the travel and hospitality career cluster is anticipated to persist.
The planning, management, and provision of lodging, dining, entertainment, conferences, and tourism, as well as related arranging and community programs including transport services, are all part of a the hospitality and tourism employment cluster. Therefore, option B is the correct option.
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The power of the national government to coin money is:________
Coinage Power or Currency Power is the power of the national government to coin money.
Describe about the coin money?The power of the national government to coin money is known as the "Coinage Power" or the "Currency Power". This power is granted to the federal government of the United States by the Constitution, specifically in Article I, Section 8, which outlines the powers of Congress. The Coinage Power gives the federal government the authority to regulate the value and supply of money, issue currency, and mint coins. This power is an important tool for managing the economy, controlling inflation, and promoting economic stability.
Coinage Power refers to the constitutional authority granted to the federal government to regulate the value and supply of money, mint coins, and issue currency. This power is enshrined in Article I, Section 8 of the U.S. Constitution, and it allows the national government to control the money supply, promote economic stability, and manage inflation. The Coinage Power has been exercised by the U.S. Department of the Treasury through the Bureau of Engraving and Printing and the United States Mint, which are responsible for the production of paper currency and coins, respectively.
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A firm derives revenue from two sources: goods X and Y. Annual revenues from good X and Y are $10,000 and $20,000, respectively. If the price elasticity of demand for good X is −2.0 and the cross-price elasticity of demand between Y and X is 1.5, then a 4 percent increase in the price of X will:
Answer:
Increase the total revenue increases by $400
Explanation:
R = PxQx + PyQyce of good X
R = Revenue, Px = Price of good X, Py = Price of good Y, Qx = Quantity of goods X, Qy = Quantity of goods Y.
Now, suppose the price of goods X increases by 4$
ΔR = [PxQx(1+eQxPx) + PyQy*eQyPy] * %ΔPx
= [Rx(1+eQxPx) + Ry*eQxPx] * %ΔPx
= [ 10,000*(1 - 2.0) + 20,000 (1.5)] * 0.02
= -10000 + 30000 * 0.02
= 20,000 * 0.02
= $400
Thus, it means with increase in price of goods X by 4%, the total revenue increases by $400
Who must file an income tax return?
Answer:
The tool is designed for taxpayers who were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year.
Explanation:
What is advertising??
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)
Answer:
The Coca-cola Company is a company that manufactures products. It is a multi-national company that manufactures soft drinks.
Explanation:
The Coca-Cola Company is an American company, and producer, retailer, and marketer of nonalcoholic drink stores and sugars. As the consumers demand for more the producers supply more. Further more you can easily find the substitutes of Coca-Cola for example if it’s expensive you can move to Pepsi brand which is the same.
What must people taking out a mortgage agree to? Check all that apply. A loan amount plans for repairs an interest rate renovation ideas payment terms.
The things which people who are taking out a mortgage must agree to are:
A loan amount, Interest ratePayment termsAccording to the given question, we are asked to state the things which people who are taking out a mortgage must agree to and why they are essential for obtaining this loan.
As a result of this, we can see that when a person is taking out a mortgage loan, then he is expected to agee on the loan amount, the interest rate and the payment terms.
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Answer:
A loan amount,
Interest rate
Payment terms
Explanation:
purchasing and engineering personnel visit suppliers to assess their facilities, capacity, and quality control during which stage in the organizational buying process?
At the alternative evaluation stage of the organizational buying process, purchasing and engineering staff would visit potential suppliers to evaluate their quality control.
What is the organizational purchase process?The method by which industrial purchasers choose their purchases is referred to as the organizational buying process. Every corporation must buy products and services to maintain its operations, which necessitates a difficult problem-solving and decision-making process. These inputs and outputs within organizations can be as diverse as the resources, information, and personnel.
Processes like new product creation, order fulfillment, and customer support are typical examples. There are two distinct groups of organizational purchasers. These are government, industrial, and reseller. Straight repurchase, modified repurchase, and new tasks are examples of common purchasing scenarios. The simplest scenario is a "straight rebuy," in which an organization just orders the same product or service.
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QUESTION 3 of 10: Two major circus acts have agreed to perform at the stadium if they can get seven consecutive days each. On average,
each performance will provide a profit margin of $35,000 for the stadium. How much will the stadium's profit margin be if it signs both acts to
one-week deals?
a) $100,000
b) $250,000
c) $490,000
d) $500,000
How does the economy affect citizens?.
the dairy farmers of america is an association of dairy farmers. its agenda is not to make profits but to help its members market their products and to offer farmers a fair voice in national policymaking. thus, the dairy farmers of america is an example of a(n)
The Dairy Farmers of America (DFA) is an example of a non-profit organization, which means it does not operate for the purpose of making a profit.
Through various initiatives, DFA helps to ensure that dairy farmers are able to make a living while simultaneously providing consumers with a safe, nutritious, and affordable food supply.
It works to ensure that farmers are paid a fair price for their products and also works to ensure that they have access to resources and services that help them to improve their operations.
Additionally, DFA advocates for the dairy industry in national policymaking, helping to shape the laws and regulations that affect the industry and farmers.
Rather than being focused on making a profit, the main goal of the DFA is to help its members market their products and to ensure that dairy farmers have a fair say in the decisions that affect them at a national level.
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Demand for C&A Resort has a seasonal pattern. Total demand next year is expected to be 1,525. Given the historical data of last two years, what is the forecast for summer next year?Season Year 1 Year 2Fall 352 391Winter 156 212Spring 489 518Summer 314 352
Based on the historical data for the last two years, it is possible to estimate the demand for C&A Resort in the coming summer. The demand for the resort has a seasonal pattern, which means that the demand in each season is not the same.
To make a forecast for the summer next year, we can look at the demand in the summer season for the last two years. According to the historical data, the demand for the resort in the summer season was 314 in Year 1 and 352 in Year 2.
To make a forecast for the summer season next year, we can use a time series forecasting method such as exponential smoothing or ARIMA. These methods will help us to identify any trends in the data and make a forecast for the coming year.
Without using any forecasting methods, we can make a rough estimate by assuming that the seasonal pattern will repeat itself next year.
We can estimate the demand for the summer next year to be somewhere between 314 and 52, with the average being around 333.5. This rough estimate can serve as a baseline for further analysis using advanced forecasting methods.
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Describe the fruit storage process? OBTE
\( \: \: \: \: \: \: \)
cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.hope it helps\( \: \: \: \: \: \: \)
Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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QUESTION 9 / 10
HR
If you are trying to reduce the cost of college, which of the following strategies is likely to save you
the most money?
A. Attending an in-state public university
B. Living in an off-campus apartment
C. Purchasing used books
D. Attending a private college
In traditional economies, government controls all manufacturing.
Answer:
true
Explanation:
Which metric measures the customers willingness to recommend the clients product and services to others
Answer:
Net promoter score.
Explanation:
Net promoter score can be defined as a metric that measures the customers willingness to recommend the clients product and services to others.
In Business management, one of the key metrics that is being used by producers or service providers to measure the efforts of a customer to recommend their products and services to others is the net promoter score. The net promoter score is graded on a scale of -100 to 100 to measure customer satisfaction and the willingness of the customer to recommend such products or services to their peers, families or colleagues.
This ultimately implies that, a net promoter score helps business owners to gather information on how satisfied their customers are and if they would be loyal enough to the brand by recommending their products or services to others.
Who is Jake from Statefarm??
Answer:
my baby daddy.
Explanation:
I forgot to take the pill :(
Answer:
god
Explanation:
jake from state farm is god. *period*