When valuing raw materials inventory at lower-of-cost-or-market, what is the meaning of the term "market"?
a. Net realizable value
b. Net realizable value less a normal profit margin
c. Current replacement cost
d. Discounted present value
Answer: c. Current replacement cost
Business
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A key difference between a vision and a mission is that
a. the mission relates more to today's realities. b. a mission is set farther into the future. c. a vision does not deal with products or services. d. a vision deals more with operations.
Business
A commercial bank will loan you $7,500 for two years to buy a car. The loan must be repaid in 24 equal monthly payments. The annual interest rate on the loan is 12% of the unpaid balance. What is the amount of the monthly payments?
A) $282.43 B) $390.52 C) $369.82 D) $353.05
Business