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What does a net mean in maths?
It is a generalization of the notion of a sequence used to define the notion of convergence in general topolopgy.
Does present values have value adding up property?
Net present value method has value adding-up property
What does net value mean?
it means how much the current asset is worth in the market
Is difference between whole price and discount be considered as a loss in accounting?
No. You incur a loss when you sell something for less than its book value. So, for example, if land is on your books for $1,000 and you sell it for $600, you would incur a net loss.A net loss is the difference between revenues and expenses, when the result comes out negative. If a company has $3,000 in revenues and $3,500 in expenses, it would incur a $500 net loss.In accounting, sales discounts are deducted from sales price to compute the net sales
When would you use rotation symmetry in life?
It could be used in the packaging industry, to mimise on cardboard waste for example, they could see how much rotational symmetry the net has and it might help them to find a way to tessalate the nets. This is only a educated guess and not a define answer.
How would you define a current cost?
Current cost. Replacement cost or net realizable value.
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?
What is Expected sales price less selling cost?
Its the net realizable value
How should damaged merchandise that can be sold only at prices below cost be valued at?
Net realizable value
What is the best way that damaged merchandise that can be sold only at prices below cost should be valued at?
Net Realizable Value
Why accountant use net realizable value in evaluation?
Accountants use net relizable value in evaluation; as it is more prudent, it takes into account the depreciation of an asset. This gives a more realistic value and is a better measure of an asset.
Methods of allocating joint production cost to joint products?
Following are methods 1 - Splitoff point method 2 - Net realizable value method
How do you calculate the cost and net realizable value?
To calculate the cost of an asset, sum all expenses directly attributable to acquiring it, including purchase price, shipping, and installation fees. The net realizable value (NRV) is determined by estimating the expected selling price of the asset in the ordinary course of business, minus any costs needed to make the sale, such as selling expenses and any expected costs to complete the asset. If the cost exceeds the NRV, the asset may need to be written down to reflect its lower value.
What does GAAP require for inventory of a company to be reported at?
GAAP (Generally Accepted Accounting Principles) requires that inventory be reported at the lower of cost or market value. The cost includes all expenditures directly attributable to bringing the inventory to its present location and condition, such as purchase price, freight, and handling costs. Market value is defined as the current replacement cost of the inventory, but it cannot exceed the net realizable value or be lower than the net realizable value reduced by a normal profit margin. This approach ensures that inventory is not overstated on the financial statements.
What is the separate valuation principle in Accounting?
The Separate Valuation Principle states that inventory should be valued at the lower of cost (costs minus additional costs to make item saleable ,eg.conversion costs,transportation cost etc.) and its Net Realizable value.
Give me the example of net assets?
An example of a net asset value would be a mutual fund.
What is The net amount expected to be received in cash from receivables?
The net amount expected to be received in cash from receivables, also known as net realizable value, is the total accounts receivable minus any allowances for doubtful accounts and uncollectible debts. This figure represents the actual cash a company anticipates collecting from its customers after accounting for potential losses. It provides a more accurate reflection of the company's liquidity and financial health.
