Industries that are likely to use the lower-of-cost-or-net realizable value (LCNRV) basis most frequently are those that deal with inventory or stocks, such as retail, wholesale, and manufacturing industries.
This is because they need to account for the value of their unsold inventory, and LCNRV is a commonly used accounting method to estimate the value of inventory that may have become obsolete or damaged.
Additionally, industries that deal with perishable goods or those that have a short shelf life, such as the food and beverage industry, are more likely to use LCNRV as they have a higher risk of inventory spoilage or obsolescence.
To learn more about beverage, refer below:
#SPJ11
Company? what is joint stock company?
Answer:
a company whose stock is owned jointly by the shareholders
Explanation:
that is joint stock company
b. Property taxes
c. Credit card balance
d. Home equity loan
B. interest
C. IRA
D. investments
Answer: Political model for decision making
Explanation: Under the political model, it is assumed that every activity of the organisation is political and ideological. Thus, in such a structure every problem calls for extensive debate and discussions with every stake holder regarding the solution.
In the given case, Jefferson firm involve many people in their decision making as majority of decisions are complex.
Hence political model best fits it.