1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liraira [26]
1 year ago
6

the cumulative difference between reporting inventory at lifo rather than fifo is commonly referred to as the

Business
1 answer:
UkoKoshka [18]1 year ago
8 0

The cumulative difference between reporting inventory at LIFO rather than FIFO is commonly referred to as the LIFO reserve

<h3>What is LIFO reserve?</h3>

Generally, LIFO reserve is an accounting term that represents the difference between the cost of inventory calculated using the first-in, first-out (FIFO) method and the cost calculated using the last-in, first-out (LIFO) method for the purposes of bookkeeping.

In conclusion, The LIFO reserve is a term that is widely used to refer to the accumulated discrepancy that results from reporting inventory using the LIFO method rather than the FIFO method.

Read more about LIFO reserve

at brainly.com/question/28146683

#SPJ1

You might be interested in
Which of the following describes what is identified by a supply schedule?
Anika [276]

Answer: Which of the following describes what is identified by a supply schedule?

How much suppliers will profit at various prices

How much consumers will save at various supply levels

How much suppliers will raise prices as production varies

How much of a product suppliers will produce at various prices

Explanation: A supply schedule is a table that shows the quantity supplied at each price. A supply curve is a graph that shows the quantity supplied at each price. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.

6 0
2 years ago
Read 2 more answers
The NEC® arose as a consensus of more than 1200 individuals primarily to ____.
labwork [276]

NEC arose to:

d.standardize equipment use as a marketing tool

Explanation:

NEC Corporation is a multinational IT and Electronics firm that is based out of Japan.

It was started in the 60s as Nippon Electric company ltd. but it re branded itself to name NEC in 1983.

It is responsible for the standardization of equipment as their USP and their prime marketing tool and made it a standard industry practice to do so as of now.

Their impact on the whole industry has been immense.

7 0
2 years ago
The advantages of using a franchising strategy to pursue opportunities in foreign markets include:.
Sliva [168]

The advantages of using a franchising strategy to pursue opportunities in foreign markets include : Having franchisees bear most of the costs and risks of establishing foreign locations and requiring the franchisor to expend only the resources to recruit, train, and support and monitor franchisees.

<h3>What is franchising?</h3>

Franchising is a marketing concept in which when adopted by an organization, can be used as a strategy for business expansion.

The Franchisor is the original business owner who sells the right, intellectual property and use of its business model to use its business name and idea.

Basically, franchise provides the opportunity to buy into a successful business model which has track record, solid supply chain and expert technical support.

Learn more about franchising here : brainly.com/question/12879015

6 0
2 years ago
Unpaid work done for a person or an organization is a _____
weqwewe [10]

It could be slavery or a Volunteer, it depends if it is willingly. I am pretty sure it is volunteer.

6 0
3 years ago
When working with international firms, U.S. businesses Multiple Choice expect socially responsible behavior from their business
Brilliant_brown [7]

When working with international firms, U.S businesses expect socially responsible behavior from their business partners.

<h3><u>Why do U.S businesses increasingly focus on international businesses?</u></h3>

American businesses are aware that doing business abroad will boost productivity and broaden their population, which will promote economic expansion. Since the beginning of time, there have been numerous international exchanges, and American businesses now recognize the advantages of offering their services abroad.

To cut costs, some US companies relocate abroad. To grow their business, other companies venture abroad. Many companies can successfully operate on a global scale.

You can learn more about international business using this link:

brainly.com/question/15054188

#SPJ4

4 0
2 years ago
Other questions:
  • TB MC Qu. 7-137 Farris Corporation, which has ... Farris Corporation, which has only one product, has provided the following dat
    6·1 answer
  • Suppose researchers at the University of Wisconsin discover a new vitamin that increases the milk production of dairy cows. If t
    14·1 answer
  • A formal written accusation submitted to a court by a prosecutor alleging that a specific person has committed a specified offen
    12·1 answer
  • On January 2, 2015, Quick Delivery Company traded in an old delivery truck for a newer model. The exchange lacked commercial sub
    12·1 answer
  • Astrid, a customer service representative with NorthTel Wireless Services, was asked by one of her customers if NorthTel would b
    7·2 answers
  • A perfectly elastic demand function A. shows that a consumer is willing to pay any amount for the product. B. has a marginal rev
    9·1 answer
  • ___________ is a process used to test consumer reactions about a product among potential users.
    11·2 answers
  • Match the association type with the person that best fits the description: professional association
    8·2 answers
  • A share of ownership in a company is known as which of the following?
    13·2 answers
  • Of products found in each category.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!