Jenks Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-val ue (LCNRV) basis in valuing inventories: Product Cost NRV A $115,000 $125,000 B $95,000 $75,000 C $175,000 $180,000 After Jenks applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

When gathering information about certain occupations, be sure to understand how you are paid. what is the difference between a salary and an hourly wage?