Answer:
A HELOC or home equity loan can be used to consolidate high-interest debts to a lower interest rate. Homeowners sometimes use home equity to pay off other personal debts such as a car loan or a credit card.
Explanation:
Answer: The correct answer is "B. social class".
Explanation: Those who exhibit similarities in occupations, education, and income level, and have similar tastes in style and activities are members of a <u>social class.</u>
In a society the general range of people can be defined as the social class. Within these classes people tend to be similar in terms of occupation, income level, tastes, education, etc.
Answer:
False
Explanation:
During a sequential product development, each department works to complete its stage before the process continues to the next department.
A team-based new product development approach is used to develop products faster and to be able to sell them faster. This approach does not require that each department finishes its stage before passing to the next one. Instead, several departments work together simultaneously.
Answer:
c. It is used to record costs of selling activities.
Explanation:
Cost Accounting Provides the cost of all the activities involved in the selling activities like production cost and all operational costs. It Measure and reports all the of all costing units. It also assesses cost structure of every the organization. It is not associated with any any particular type of Inventory costing system, It deals with all accounting systems.
Answer:
First In, First Out (FIFO).
Explanation:
FIFO is an acronym for "First In, First Out" and it assumes oldest unit of inventory is sold first, meaning goods that were first added to inventory are the first goods removed from inventory for sale and are recorded as sold first.
FIFO can be defined as an accounting methods used in managing costs related to inventory, stock repurchases at different times and financial activities associated with monetary costs a company had tied up within inventory of feedstocks, raw materials, produced goods, and equipment parts.
Simply stated, FIFO is an accounting methods used for the valuation of the cost of goods sold and ending inventory of a company.
In a period of rising prices, the inventory method which tends to give the highest cost of goods sold value is First In, First Out (FIFO). This is because the more recent costs represent the higher (rising) net income and a higher (rising) inventory valuation costs.
