the lower of cost and net realizable value method for inventory was developed to:

Answers

Answer 1

The lower cost and net realizable value method for inventory was developed to avoid reporting inventory at an amount that exceeds the cash it can provide.

What is an inventory?

An inventory refers to a detailed list of items, goods, or materials that a company or organization holds in stock or has available for sale. The purpose of an inventory is to keep track of what goods are on hand, how much of each item is available, and where the items are located.

The inventory is an important component of managing a company's operations, as it can impact a company's profitability and customer satisfaction.

To avoid the  reporting inventory at an amount that exceeds the cash it can provide, the net realizable value   and lower of cost method was developed.

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Related Questions

4.1.7 Practice: An Editorial Response to Imperialism Practice World History, Culture and Geography Sem 1

Answers

Imperialism has been a controversial practice throughout history, and its effects on the colonized people have been devastating. It is important to recognize the legacy of imperialism and its lasting impact on countries and peoples around the world.

What is the definition of imperialism?

Imperialism is a political and economic system in which one country extends its power and influence over other countries or territories. Imperialism often involves the acquisition of territories or the establishment of economic and political control over other nations. This can take many forms, including colonization, military occupation, economic exploitation, and political domination.

Imperialism has been a significant force throughout world history, with various empires and nations seeking to expand their territories and exert their influence over other peoples. Imperialism has often been justified as a means of promoting civilization and progress, but it has also been associated with exploitation, oppression, and violence.

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when the public either consumes history or engages in history they do so in

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Either the general population learns about history or they take part in historical revisionism.

Historiography refers to the process of reinterpreting historical accounts as historical revisionism. It often involves arguing against the orthodox (established, accepted or traditional) theories held by academics regarding a historical event, era, or phenomena, giving contrasting evidence, or reinterpreting the motivations of the individuals who made the decisions. The alteration of the historical record may have led to the discovery of new knowledge regarding fact, evidence, and interpretation.

Revisionism implies the overturning of prior moral conclusions in dramatic circumstances.

Essentially, accepted historical revisionism is a common and uncontroversial method of building and improving the narrative of history. What is even more problematic is the flipping of moral conclusions, whereby what orthodox historians had previously viewed as positive factors were suddenly portrayed as evil.

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Complete Question is

when the public either consumes history or engages in history they do so in __________.

who is fastest baseball pitch in the world ?

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The fastest recorded baseball pitch in the world is 105.1 miles per hour (169.3 kilometers per hour) and was thrown by Aroldis Chapman of the Cincinnati Reds in 2010.

Throughout his career, Chapman has routinely thrown pitches above 100 mph, and he is recognised for his scorching fastball. He has received honours for his pitching, such as the Rolaids Relief Man Award and the Major League Baseball Delivery Man of the Year Award, and has been named to several All-Star teams. While other pitchers, including Nolan Ryan and Randy Johnson, have thrown fast pitches, Chapman now owns the record for the fastest pitch ever recorded in baseball history.

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during what war did andrew jackson lead the united states to victory at the battle of new orleans?

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In the War of 1812 Andrew Jackson lead the united states to victory at the battle of New Orleans.

Andrew Jackson (March 15, 1767 – June 8, 1845) was an American lawyer, plantation owner, general, and politician who served as the seventh President of the United States from 1829 to 1837. Before being elected President, he s rose to prominence as a general in the United States Army and served in both Houses of the United States. Although often hailed as an advocate for ordinary Americans and for his work in preserving the Union National, Jackson was also criticized for his racial politics, particularly his treatment of Native Americans.

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what lessons can we draw from the 20th-century wall between east and west germany

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The correct answer is the Berlin Wall serves as a reminder that walls only stand against political will. The Wall didn't last very long, looking back.

East Berlin and West Berlin were divided by the wall. It was constructed to stop individuals from escaping East Berlin. It was in many respects the ideal representation of the "Iron Curtain," which during the Cold War divided democratic western nations from communist Eastern European nations. The Berlin Wall's stated goal was to prevent so-called Western "fascists" from entering East Germany and weakening the socialist state, but its main goal was to stop large-scale East-to-West migration.  Germany officially separated into two independent countries in 1949: the German Democratic Republic (GDR or East Germany), which was aligned with the Soviet Union, and the Federal Republic of Germany (FDR or West Germany), which was allied with the Western democracies.

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how did the entrenched power of southern white conservatives limit african-americans’ ability to enjoy the full benefits of the new deal and eliminate racial violence and discrimination

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In the decades that followed, the civil rights movement made great headway thanks to the efforts of its followers and the agitation of African-American leaders.

The entrenched dominance of Southern white conservatives had a critical role in limiting African-Americans' ability to realize the full benefits of the New Deal and eliminate racial violence and discrimination. These are some instances of how this occurred:

Jim Crow Statutes: Jim Crow laws were state and local laws that enforced racial segregation and discrimination in the South. They made it hard for Black people to fully benefit from New Deal programmes.

Political marginalization: Poll levies, literacy examinations, and violence were among the methods used to keep Black Americans from fully participating in the political process.

President Franklin D. Roosevelt's administration was reluctant to press Southern white conservatives on civil rights problems since they were vital to the war effort.

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This person wrote proudly of black people in books, poems, and plays.
answer choices.
A. Lil Uzi Vert.
B. Langston Hughes.
C. Frederick Douglas.
D. Louis Armstrong.

Answers

Answer: Frederick Douglass

Explanation:

How long was Theseus gone in Hippolytus?

Answers

Answer: MORE THAN SIX MONTHS

Explanation: BECASUE I DID IT ALREADY

what indications are there at the end of the chapter that tom and daisy are going to stay together despite his philandering and her love for gatsby?

Answers

An indication that Tom and Daisy are going to stay together is that people in their social class do not get divorces. They cheat and lie, but stay in the marriage.

In the summer of 1922, Nick Carraway, a young man from Minnesota, moved to New York to learn more about the mortgage business. He rented a house in West Egg, Long Island, a wealthy but old-fashioned neighborhood populated by upstarts who got rich too late, had no connections, and tended to flaunt their wealth. Nick West Egg's neighbor is a mystery man named Jay Gatsby, who lives in a huge gothic mansion and throws lavish parties every Saturday night.

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"Americans faced an overwhelming task after the Civil War and emancipation: how to understand the tangled relationship between two profound ideas—healing and justice.... [T]hese two aims never developed in historical balance. One might conclude that this imbalance between outcomes of sectional healing and racial justice was simply America's inevitable historical condition....But theories of inevitability...are rarely satisfying.... The sectional reunion after so horrible a civil war was a political triumph by the late nineteenth century, but it could not have been achieved without the resubjugation of many of those people whom the war had freed from centuries of bondage. This is the tragedy lingering on the margins and infesting the heart of American history from Appomattox to World War I."
David W. Blight, historian, Race and Reunion: The Civil War in American Memory, 2001
Which of the following best characterizes the "sectional reunion" Blight describes?
A
Gilded Age financial policies encouraged economic growth in the North and the South.
B
The federal government removed troops from the South and eliminated aid for former slaves.
C
New political alliances united northern and southern members of the Democratic Party to win control of both houses in Congress.
D
White laborers in the North and African American farmers in the South joined together in the Populist movement.

Answers

Federal troops were withdrawn from the South, and aid for former slaves was discontinued.

In the ten years that followed the war, how did Black Americans react to emancipation?

As a result of their newly discovered freedom, many black people were first emancipated and then re-enslaved. Some slaves were devoted to their owners and opposed the idea of being released from the bond.

What was the reaction of African Americans to the Emancipation Proclamation quiz?

All slaves enslaved by the Confederacy were set free by the Emancipation Proclamation. Negroes responded favorably as they could now enlist in the Union army. Because they believed it may prolong the conflict, some Northerners were against it.

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How many died in the 1900 Galveston hurricane?

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During Galveston hurricane, there may have been 8,000 fatalities; thousands more may have perished on the mainland.

The website of the Galveston and Texas History Center will soon include the 1900 Storm Victim Database. The database honors the thousands of victims of the disaster. Galveston improved its hurricane preparation because to their sacrifice for the city's inhabitants. The 1900 Storm Victim Database is being created and will soon be accessible to the general public. If you have any questions or information provided by a descendant, please email a History Center Archivist. Earlier iterations of the list of recorded deaths are also a good place to start.

The most Americans have ever lost their lives in a natural disaster occurred on September 8, 1900, when a powerful hurricane struck the country. It was a brief, intense occurrence. Galveston Island suffered an estimated 8,000 fatalities, while the mainland may have suffered up to another 3,000 casualties. After the disaster, lists of the deceased appeared in books and newspapers. Incomplete and frequently at odds with one another, the lists. In order to identify the victim, they act as a starting point. Identification is complicated by the frequent use of misspellings or phonetic renderings of names. Victims have occasionally been repeatedly entered.

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This person was appointed by President George Washington to help survey the land that would become Washington, D.C.
answer choices
Benjamin Banneker
Joe Louis
Nat Turner

Answers

The person appointed by President George Washington to help survey the land that would become Washington, D.C. was Benjamin Banneker.

What is George Washington famous for?

One of the most well-known and significant individuals in American history, George Washington is best known for his leadership in the military and as the nation's first president. He was the chief commander of the Continental Army during the American Revolution and was instrumental in leading his troops through numerous engagements and campaigns to victory over the British. He oversaw the United States Constitution's drafting after the war, and he was duly elected as the country's first president, holding the position for two terms. Washington's legacy as a statesman and national hero has persisted to this day, and he is also praised for his moral character, wisdom, and leadership.

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The English survived the Yamasee War by developing an alliance with what powerful group?
a. The Spanish
b. New Model Army
c. Creeks d. Cherokees

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The English survived the Yamasee War by developing an alliance with what powerful group of Cherokees. option (D) is correct.

This alludes to the partnership that exists between at least two substances that have a typical interest. we can see that The English endure the Yamasee battle by fostering a coalition with the strong gathering known as the Cherokees and this assisted them in becoming triumphant.

Some Native American tribes had just a little impact, yet others directed assaults all through South Carolina with the end goal to eliminate the province. Local Americans butchered many pilgrims, killed a few dealers all through the Southeast, and consumed various settlements. Colonialists emptied the limits as provisions ran short and arrived in Charles Town.

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What was the major accomplishment of the Carolingian Renaissance?

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The Carolingian Renaissance ushered in a time of increasing cultural expression, and including rise of literature, architecture, and scripture studies. It also helped advance Christianity throughout his dominion.

What is it  study scripture?

Local church is the practice of individuals studying the Bible for personal spiritual or religious purposes in Christian community. Bible study and Christian prayer are referred to as devotional practices in several Christian traditions. Several Christian congregations set aside time for group Bible study.

What is the purpose of scripture study?

Scripture study is crucial because it serves as a prerequisite and means of preparing for receiving personal revelation.

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Is the Sedition Act of 1918 constitutional?

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Convictions under the Sedition Act have survived First Amendment challenges. Many of the people who were charged under the Sedition Act had their convictions upheld by the Supreme Court.

The Sedition Act of 1918 (Pub. L. 65-150, 40 Stat. 553, enacted May 16, 1918) was a law passed by the United States Congress that expanded the scope of the Espionage Act of 1917 to include a variety of offences, most notably speech and expression of opinion that disparaged the government or the war effort or hindered the sale of government bonds.

It prohibited using "disloyal, vulgar, scurrilous, or abusive language" in reference to the US government, its flag, or its armed forces or in a way that made other people mistrust the US government or its institutions. Individuals found guilty under the statute typically got prison terms ranging from five to twenty years.

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Use five or more sentences to summarize what happened at Chernobyl. Who, what, when, where.

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The Chernobyl disaster was a catastrophic nuclear accident that occurred on April 26, 1986, in the city of Pripyat, Ukraine, which was then part of the Soviet Union.

Where did the Chernobyl nuclear accident occur?

The incident took place at the Chernobyl Nuclear Power Plant and involved an explosion and subsequent fire that released large amounts of radioactive material into the atmosphere. The disaster is considered one of the worst nuclear accidents in history.

The incident occurred during a routine test of one of the plant's reactors, which led to a sudden power surge and subsequent explosion. The explosion destroyed the reactor and released a plume of radioactive material into the air, which spread across much of Europe. The immediate aftermath of the explosion was chaos, with firefighters and plant workers attempting to contain the disaster, and the Soviet government struggling to communicate the severity of the situation to the public.

The disaster had a profound impact on the environment and public health, with thousands of people exposed to high levels of radiation. The area around the plant remains highly contaminated and is known as the "Exclusion Zone," which is still inaccessible to the general public. The disaster also had a lasting impact on the global perception of nuclear power, with many countries reevaluating their policies and safety procedures in the aftermath of the incident.

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how did the french and the dutch compare in their relationships with american indians in north america

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The French and the Dutch had different approaches to their relationships with American Indians in North America. The French were more focused on establishing trade relationships and intermarrying with American Indian tribes, while the Dutch were more focused on obtaining land for farming and did not engage as much with the native populations.

The French established fur trade relationships with the Algonquin and Huron tribes in the Great Lakes region, which allowed for both sides to benefit economically. They also established trading posts and often intermarried with American Indian women, creating a unique blending of cultures. The French also had a more diplomatic approach to their relations with American Indians, often seeking alliances with them against their English rivals.

On the other hand, the Dutch in New Netherland were more focused on acquiring land for farming and did not have as much of a relationship with the native populations. The Dutch did not establish strong trade relationships or intermarry with American Indians. In fact, the Dutch often used force to acquire land from American Indians and had a more hostile relationship with them.

Overall, the French had a more positive relationship with American Indians, while the Dutch had a more negative and exploitative relationship with them.

what the resulted in the new military technologies used during world war i ?

Answers

When combined with ditches and barbed-wire outposts, automatic weapons and quick artillery gave the defense a clear advantage because their swift and consistent firepower could obliterate a frontal attack by either troops or horseback  during world war I.

Technology advances in architecture, metals had created armaments that were more lethal than any that had ever been made. The machine gun, which could eliminate rows upon rows of troops from a position on the battlefield, gained popularity during World War I. Movement across open territory became challenging and dangerous due to this weapon, barbed wire, and mines. Trench combat was thus formed. When combined with ditches and barbed-wire outposts, automatic weapons and quick artillery gave the defense a clear advantage because their swift and consistent firepower could obliterate a frontal attack by either troops or horseback.

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who was cupid’s mother, the goddess of love and beauty?

Answers

Cupids mother is Venus, the goddess of love

what's athena's roman name

Answers

Athena[b] or Athene,[c] often given the epithet Pallas,[d] is an ancient Greek goddess associated with wisdom, warfare, and handicraft[1] who was later syncretized with the Roman goddess Minerva.[4] Athena was regarded as the patron and protectress of various cities across Greece, particularly the city of Athens, from which she most likely received her name.[5] The Parthenon on the Acropolis of Athens is dedicated to her. Her major symbols include owls, olive trees, snakes, and the Gorgoneion. In art, she is generally depicted wearing a helmet and holding a spear.

which egyptian pharaoh extended egyptian power to its greatest extent?

Answers

One of the most prominent pharaohs in the records of ancient Egypt is Thutmose III, Yet perhaps the most spectacular is Thutmose III. He was an effective warrior and ruler who achieved a lot during his rule.

Ancient Egypt ability to adjust to the agricultural circumstances of a Nile River valley contributed to its civilization's prosperity. The lush valley's predictable floods and managed irrigation generated excess harvests, which supported a rather more high population density as well as social advancement and cultural development. A enduring legacy has been left by antiquity. Its artifacts were taken to remote regions of the world.

Men and women, as well as individuals from all socioeconomic strata, were fundamentally treated equally under the law in ancient Times, and even the lowest peasant had the right to petition the courtier and his council for relief.

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why was the new breed of wheat, widely grown starting in the 1960s, called "miracle wheat seed"?

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The new breed of wheat, widely grown starting in the 1960s, called "miracle wheat seed" because it produced a higher yield that would address food supply concerns.

Farmers started implementing new technologies in the late 1960s, including high-yielding cereal varieties, particularly dwarf wheat and rice, and the widespread use of chemical fertilisers (the new seeds require much more fertiliser to produce their high yields than traditional varieties), pesticides, and controlled irrigation. Moreover, mechanisation and other more modern cultivating techniques were adopted in agriculture. These adjustments were frequently made as part of a set of procedures designed to replace older agricultural technology.

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Please help! I need the answer!

Answers

Answer:

B

Explanation:

The photographs came from a scrapbook kept by a Nazi official.

B. The photograph came from a scrapbook by a Nazi official

What was the new form of government a significant change from the legislative assembly?

Answers

The new form of government introduced by the French Revolution in 1789 was a drastic change from the legislative assembly, which was the governing body prior to the revolution.

This new form of government was a constitutional monarchy, which introduced new rights for citizens, increased representation for the people, and put in place limits on the monarch's power.

It is important to consider that the constitutional monarchy was an advance in government systems, because it improved many social conditions and provided greater rights to citizens.

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What new economic theory became the driving force in European countries?

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The new economic theory that became the driving force in European countries Mercantilism replaced the feudal economic system. First seen in Europe during the 1500s, mercantilism was based on the idea that a nation's wealth and power.

Mercantilism prompted the reception of tremendous exchange limitations, which hindered the development and opportunity of frontier business. A large part of the exchange that occurred before the mid-seventeenth century was constrained by the Spanish and Dutch, including to and from Britain.

Hence, the country state turned considered the ascent of private enterprise, and its development very much represented the progress from feudalism to private enterprise.

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Which event in the pacific theater proved a small victory for the allies by the middle of 1942?

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At the Battle of Midway, which took place from June 3–6, 1942, the United States completely destroyed Japan's first-line carrier strength and the majority of its most skilled naval pilots.

Japan invaded the Aleutian Islands to draw attention away from its real target, the Midway Atoll, which was strategically situated halfway between North America and Asia. Thanks to codebreakers, the Americans were able to decipher the Japanese strategy. American victory: The rest of the war saw Japan on the defensive after major damage to its naval and aviation forces.

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what has been claimed as the ultimate revelation in the mysteries of demete

Answers

The ultimate revelation in the mysteries of Demeter refers to the Eleusinian Mysteries, a chain of historic spiritual rites and ceremonies devoted to Demeter and her daughter Persephone.

The mysteries had been held in the town of Eleusis, near Athens, and were celebrated yearly for over 1000 years. and Primary mystery of the Eleusinian Mysteries become the revelation of the afterlife and the promise of eternal existence for individuals who participated within rites.

However, the precise nature of the revelation inside the mysteries of Demeter isn't always known, because the information had been kept mystery and have been only revealed to individuals who underwent the initiation.

Nowadays, the mysteries of Demeter are not practiced, and lots of the understanding and practices associated with the historic rituals have been misplaced to time. however, the legacy of the mysteries and their profound impact on historic Greek religion and way of life remains felt and studied via students and historians these days.

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Congress passes
the Gulf of
Tonkin Resolution
?
Congress passes
the War
Powers Act
Which similarity completes this Venn diagram?

Answers

Both the Gulf of Tonkin Resolution and the War Powers Act are pieces of legislation that give the President of the United States additional powers.

What is War Powers Act?

The War Powers Act is a federal law enacted by the United States Congress in 1973 which limits the President's power to commit the United States to military action without the approval of Congress. It states that the President must consult with Congress prior to sending troops into military action, and must notify Congress within 48 hours. The President must also withdraw forces after 60 days of military action if Congress has not approved the action. The War Powers Act was passed in reaction to the Vietnam War, and is meant to ensure that the President does not commit the United States to military action without the consent of Congress.

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Answer: Both the Gulf of Tonkin Resolution and the War Powers Act are pieces of legislation that gave the President of the United States additional powers.

Explanation: to complete the diagram the answer would be: gave the President of the United States additional powers.

Which woman fought to create legislation to help the people described in this excerpt?A) Sojourner TruthB) Dorothea DixC) Harriet Beecher StoweD) Elizabeth Cady Stanton

Answers

Answer:

Explanation:

a

Which of these leaders was not associated with the more militant approach to civil rights?a. Malcolm Xb. Stokely Carmichaelc. Martin Luther King Jr.d. Huey Newton

Answers

Answer:

c. Martin Luther King Jr

Explanation:

The leader who was not associated with the more militant approach to civil rights was Martin Luther King Jr.

While King was a strong advocate for civil rights and equality, he believed in achieving these goals through nonviolent means. He believed in using peaceful methods such as civil disobedience, boycotts, and peaceful protests to bring attention to the injustices faced by African Americans. King famously stated, "I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character."

On the other hand, Malcolm X, Stokely Carmichael, and Huey Newton were associated with more militant approaches to civil rights.

Malcolm X, a prominent figure in the Nation of Islam, advocated for self-defense and armed resistance against systemic racism and oppression.

Stokely Carmichael, a leader in the Black Power movement, believed in using aggressive and confrontational tactics to challenge white supremacy.

Huey Newton, co-founder of the Black Panther Party, believed in using armed self-defense to protect African American communities from police brutality and other forms of violence.

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