2. A company determined the following values for its inventory as of the end of its fiscal year: Historical cost Current replacement cost Net realizable value. Net realizable value less a normal profit margin Fair value What amount should the company report for inventory on its balance sheet? a. $35,000 b. $40,000 c. $45,000 d. $48,000 $50,000 35,000 45,000 40,000 48,000

Q: OCF analysis

A: Operating Cashflow Analysis  = Net Income + Depreciation and Amortization- Net Working capital

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A: Carried interest: It could be a portion of any profit that private equity and hedge reserves common…

Q: Explain the characteristics

A:

Q: Define Assigning.

A: Assigning is a process of assignment. Assignment means a transfer of a right to receive a…

Q: What are ADRs?

A: Answer: An American depositary receipt (ADR) is a negotiable asset that denotes a non-US company…

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A: Australian securities and investment commission is a commission made in 1998 of Australian…

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A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: Describe the PW method?

A: There are different types of methods for comparing the worthiness of the projects. Some of the tem…

Q: escribe a subsequent eve

A: A subsequent event is an event that take place after the balance sheet date but before before the…

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A: Part a: Total direct material cost increases or decreases in direct proportion to change in activity…

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A: Income statement: The financial statement which reports revenues and expenses from business…

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A: Accounting principles are the accounting rules which an organization must follow while maintaining…

Q: Define a subsequent event.

A: Financial Statement: It refers to the annual reports of the company that is prepared at the end of…

Q: Draw the step of the accounting Cycle ?

A: The accounting cycle is the comprehensive process of documenting and processing all of a company's…

Q: 1. Descibe JIT production and its features.

A: Just in time production represents the reduction in labor, material, and time so that the cost could…

Q: Define agent

A: Introduction: An agent is a party that has oral or written authority to perform for another…

Q: Define characteristic line

A: Characteristic line is a graphical representation of alpha (α) where alpha is the difference between…

Q: Define SML equation

A: Introduction: Security market line is the diagrammatic depiction of capital asset pricing model to…

Q: Define Will.

A: A will is a legal document in which a person specifies how his property is going to be distributed…

Q: Describe the features of JIT.

A:

Q: Define collection policy

A: Introduction: A mutual responsibility between the operating departments, accounts receivables is to…

Q: Define Profi t and loss (P&L) statement

A: Introduction: The financial statement is a detailed analysis of the financial situation of the…

Q: Define divestiture

A: Introduction: A divestiture might happen when a business unit is thought to be redundant afterward…