Tatum company has four products in its inventory. information about the december 31, 2021, inventory is as follows: product total cost total netrealizable value101 $ 120,000 $ 100,000 102 90,000 110,000 103 60,000 50,000 104 30,000 50,0001. determine the carrying value of inventory at december 31, 2021, assuming the lower of cost or net realizable value (lcnrv) rule is applied to individual products. 2. assuming that inventory write-downs are common for tatum company, record any necessary year-end adjusting entry.

Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.