RSM219H1 Lecture Notes - Lecture 8: Internal Control, Current Asset, Weighted Arithmetic Mean
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RSM219H1 Full Course Notes
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What is the risk for apple to release the new product are people going to buy it the cost will be absorbed how about the old products(valuation of inventory of previous models) lower price cut down inventory. Inventory as a current asset using cost principle to record it cost once the market value is lower than the cost, there is no more economic bene t to sell it. Nrv=selling huge stress storage (how much you keep) demand (are people going to like it) internal control (audit, people would take anything)
