35.0k views
4 votes
Determine the total value of the following merchandise using net realizable value?

User Futu
by
9.0k points

1 Answer

6 votes

Final answer:

The question inquires about calculating the net realizable value (NRV) of merchandise and determining the current account balance. Exact data was not provided, but typically, NRV is the expected sales price minus any associated selling costs, and the current account balance is the difference between total assets and total liabilities.

Step-by-step explanation:

The question posed relates to the concept of net realizable value (NRV) in accounting, which is the estimated selling price of goods, minus any costs for completion, transportation, and selling. Unfortunately, the exact information needed to calculate the merchandise balance and the current account balance has not been provided. In a typical scenario, to calculate the NRV, we would list the items in the inventory, determine the expected selling price for each one, and then subtract any remaining costs associated with selling those items. The total value of the merchandise would be the sum of these values.

For calculating the current account balance, we would need the total assets and the total liabilities. The current account balance reflects the difference between the assets and the liabilities. For a complete and accurate calculation of merchandise and current account balances, the known values for goods, prices, and any associated costs should be provided.

User Abril
by
8.0k points