$2,340 is Glasgow's ending inventory under LIFO.
LIFO stands for “Last-In, First-Out”. It is a method used for the purpose of assuming cost flows when calculating the cost of goods sold. The LIFO method assumes that the newest products added to the company's inventory are sold first.
In times of rising prices, it may be beneficial for companies to use LIFO versus FIFO cost accounting. Under LIFO, businesses can save on taxes and also better align their income with the latest costs when prices rise. International Financial Reporting Standards (IFRS).
The order in which an element is added to or removed from the stack is described as last in, first out, abbreviated as LIFO.
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Answer:
Both choose a low price strategy
Explanation:
In simple words a low price strategy can be defined as a pricing policy where a firm pays a comparatively cheap price to fuel competition and win share of the market.
This is part of three standardized marketing techniques (differentiation approach and concentration approachre the other two ) that can be implemented by any organization and used where the commodity has little to no competitive edge or where productivity gains and higher manufacturing volume are feasible.
Excuse me w h a t does that even mean
Answer:
Explanation:
I would recommend the following financial services:
- Using a debit card: this will eliminate the need for Kim to move around with cash or physical checks in order for her to make purchases directly from her savings.
- The use of mobile banking services: this is a service that her bank provides, in which Kim can carry out transactions remotely, using her phone. It is called mobile banking because transactions can be performed on the go. Kim can access her accounts anytime, and she can also be alerted via text messages about her bank account status.
- The use of online banking services: this will also be a convenient method for Kim to carry out financial transactions, because this can be conducted over the internet, and at Kim's convenience.
Answer:
a. True
Explanation:
In the case when there is a delivery of an asset so it would be very rare that it should be made in the forward contract as the delivery of an assets should be made in the future contract. As the forward contract settles at the time when the agreement is closed while the future contract deals with the terms and conditions related to the trading
So the given statement is true
