Answer: $1,075,000
Explanation: When a current or fixed asset is held in inventory, the worth at which it is recorded in accounting is called its net realizable value. In the given case, the net realizable value could be computed using following formula :-
Net realizable value = Balance of receivable on Dec 31 - expected uncollectibles
Putting the values into equation we get :-
Net realizable value = $1,200,000 - $125,000
= $1,075,000
Answer
i and ii
Explanation:
they provide goods (i)
because they are small it can be personalised
Answer:
nominal, real, & the classical dichotomy
Explanation:
A nominal variable is a value whose values are non-numeric for example gender. It is calculated based on the current – year prices.
In other words, nominal value is calculated in monetary terms, whereas real value is measured on the basis of goods or services
A real variable is a variable whose values are numeric. It is measured based on the currency of the base year.
The distinction between real variables and nominal variables is known as <u>nominal, real, & the classical dichotomy</u>.
The Classical Dichotomy is based on the assumption that states that in the long run, the nominal economy and the real economy are completely separated from each other. In the long run, nominal prices have no impacts on real variables.
Explanation:
Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. You can compare the APR for different cards which will help you to choose the cheapest. You should also compare other things about the cards, for example, fees, charges and incentives
Annual fee. Some cards charge a fee each year for use of the card. The fee is added to the amount due and you will have to pay interest on the fee as well as on your spending, unless you pay it in full.
Minimum repayment. If you don’t pay off the balance each month, you will be asked to repay a minimum amount. This is typically around 3% of the balance due.
Answer:
Henri Fayol Model (1841-1925)
Explanation:
Three models are explained below:
- Henri Fayol Model put forth an argument that management in their everyday routine carries our five major functions which are Planning, Organizing, Commanding, Coordinating, and controlling.
- Contemporary Model which involves planning, leading, organizing and controlling operations to achieve organizational goals.
- Systemic Model which relates the core management functions to different characteristics of a system