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Is inventories considered an asset or liability?
Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
The lower of cost or market basis of valuing inventories is an example of?
conservatism
Why are inventories included in the computation of net income?
To determine cost of goods sold
Regardless of the inventory cost flow assumption used inventories on the balance sheet are stated at a realizable value b the lower of cost or market c original cost d replacement cost?
replacement cost
What is the cost of holding current assets?
segnificence of holding current
Is inventories considered an asset or liability?
Inventories are those costs the benefits of which has to be taken by company in future time period while payment made already as these are part of future revenue generating activities that's why inventories are assets of company.
The lower of cost or market basis of valuing inventories is an example of?
conservatism
Why are inventories included in the computation of net income?
To determine cost of goods sold
Features of retail marketing point wise?
1. Providing Assortment on products and services, 2. Breaking Bulk 3.Holding Inventories
Regardless of the inventory cost flow assumption used inventories on the balance sheet are stated at a realizable value b the lower of cost or market c original cost d replacement cost?
replacement cost
Opportunity cost of holding money?
The opportunity cost of holding money is the nominal interest rate.
What is the cost of holding current assets?
segnificence of holding current
The specific identification method of costing inventories is used when the?
company sells a limited quantity of high-unit cost items.
Does the cost outweigh the benefits or the benefits outweigh the cost?
It depends on the item and price. A roll of toilet paper at $10.00 would be cost outweighs the benefits. A prescription of antibiotics at $4.00 would be the benefits outweigh the cost.
How does PepsiCo value its inventories?
PepsiCo values its inventories using the lower of cost or net realizable value method, which ensures that inventory is recorded at the lower of its historical cost or the amount expected to be realized from its sale. The cost of inventories typically includes direct costs such as raw materials, labor, and overhead. Additionally, PepsiCo regularly evaluates its inventory for obsolescence and adjusts its valuation accordingly to reflect any necessary write-downs. This approach helps maintain accurate financial statements and supports efficient inventory management.
May a person inherit the benefits of holding public office from an ancestor?
May a person inherit the benefits of holding public office from an ancestor and what article of US Constitution?
Why Cash regarded as more important than inventories?
Cash is often regarded as more important than inventories because it provides liquidity and flexibility for a business. Cash allows companies to meet immediate obligations, invest in opportunities, and navigate unexpected expenses. While inventories can be valuable assets, they are not as easily converted to cash and can incur holding costs, making cash a critical resource for operational stability and growth.
