For example, Australian aborigines have relatively long legs for their height -- often longer than their upper bodies. Few studies have compared arm length to leg length. More research has been conducted on the correlation between arm span, which includes chest diameter, and height.
Definition: Net realizable value is the estimated selling price of inventory, minus its estimated cost of completion and any estimated cost to complete its sale. Thus, it is the net amount realized from the sale of inventory. Net realizable value does not necessarily equal fair value. Net realizable value is one of the valuations used in the lower of cost or market rule, which is designed to keep an business from overstating the value of its inventory. Copyright 2015, All Rights Reserved.
Knight says that net present value, often referred to as NPV, is the tool of choice for most financial analysts. There are two reasons for that. One, NPV considers the time value of money, translating future cash flows into todayâs dollars.