Answer:
The correct answer is option c.
Explanation:
Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.
All these characteristics show that the economy is going through economic depression.
Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.
Answer:
The preparation is shown below:
Explanation:
The preparation of the physical flow schedule is presented below:
Beginning work in process units 80,000 units
Units started in process 95,000 units
Total units to account for 175,000 units
Units accounted for:
Units completed and transferred out:
Started and completed 78,000 (95,000 units - 17,000 units)
Beginning work in process 80,000
Ending work in process units 17,000
Total units accounted for 175,000
Answer: All of the other answer choices are true.
Explanation:
FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.
The following are true regarding the FIFO method:
• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.
• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.
• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.
Therefore, the correct option is D as all are true.
During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.
