Business, 03.03.2020 01:32 niescarlosj

In conversation with the president of Widget Tek, you have learned that much of the company’s merchandise inventory consists of older Widget Tek models. These older models sell for less than the newer Widget Tek models, but customers strongly prefer the newer models. The company believes that the net realizable value of the older merchandise inventory is less than its value in the subsidiary inventory ledger.
Considering all of the information you have about Widget Tek Inc., answer the following questions.
1. To better account for the older inventory, the president of Widget Tek Inc. wonders whether the inventory should be valued using a different method. Do you agree, and why or why not? because will .
2. Will a change in inventory method increase a company's net income on its financial statements?
3. When is inventory not valued at cost?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:50

Bayside began 2014 with an inventory t-account debit balance of $155,000. inventory purchases during the year amounted to $75,000. there were no inventory-related write-downs or losses. what is its december 31, 2014, inventory account balance?

Answers: 1

Answer

Business, 22.06.2019 04:00

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Answers: 2

Answer

Business, 22.06.2019 20:20

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Answers: 2

Answer

Business, 23.06.2019 10:00

Vincent enjoys investing his money in ways that can generate a return. he realizes that also a chance that his investment will decrease in value. this chance is known as a. opportunity cost b. risk c. recession d. deterioration

Answers: 1

Answer

You know the right answer?

In conversation with the president of Widget Tek, you have learned that much of the company’s mercha...

Questions