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Answer: The inventory valuation method that has the advantages of assigning an amount to inventory on the balance sheet that approximates its current cost, and also mimics the actual flow of goods for most businesses is <u>"A) FIFO."</u>
Explanation: This happens because the FIFO method (First in, First out) as the name implies, when registering an inventory output, takes into account the first units introduced to the inventory, remaining as the last units acquired, which are those that best reflect the current cost.
Answer:
Explanation:
Micropolitical risk events are typically events that takes place which have effects on companies that are within a country and doesn't have effect on companies which are in foreign countries
An example was when Iraq was invaded by the United States. This resulted in a halt in international business within the countries.
There was a huge rise in gas price which affected individuals and firms as economic agents weren't prepared for the crisis. Other possible effects include:
• It can lead to dishonesty by the government officials.
• Barriers to economic development
• Forced sales of equity by companies.
Answer: Following a federal regulation.
Explanation:
Following a federal regulation will help the frozen food company to avoid government sanctions or fines by following regulatory requirement. It is also important because it helps to protect the health, safety and wellbeing of the public.
Federal regulations reduces environmental pollution and curbs excesses in any industry.