Question: 1. How is net realizable value assessed or calculate? 2. How is calculated the inventory costs for process costing? 3. Can service companies have inventory?

1. How is net realizable value assessed or calculate?

2. How is calculated the inventory costs for process costing?

3. Can service companies have inventory? Justify and explain your answer.

4. Explain the differences between stakeholders and shareholders.

5. What are the costs of quality? Explain all of them providing examples.

6. In 2019, company YZY paid a fine in the amount of $254,095.00 for dumping toxic substances in the Ontario lake. Is that fine an indirect or direct cost of the production of company YZY?

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