Kincaid company applies the lower-of-cost-or-market rule to each individual item in its ending inventory. the company determines that it must write down its inventory by $4,000. which of the following answers reflects how this inventory write-down would affect kincaid’s financial statements?

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.