Answer:
The answer is LIFO
Explanation:
LIFO is Last in First out. It means the Inventory that was purchased last goes out first.
In periods LIFO, cost of sales reflects the cost of goods purchased recently and the ending Inventory reflects the older goods.
In periods of falling prices, the costs of ending inventory are high, cost of sales are low and the gross profit are high.
Answer:
Evaluation of the price of the basket of goods with time is not accountable for the changes that are made by the customers on the increase in price of a specific good.
Explanation:
Inflation can be defined as the increase in the overall price and it can be measured in terms of CPI, i.e., Consumer Price Index.
CPI is generally measured as the weighted mean of the prices of the goods, basket which is supposedly fixed for two to three years.
In case, the quantity of the sales of the goods increases even if the cost of the goods remains same, the customer will purchase more of these goods and this shows up in the CPI index.
The demand of theses goods may slow down with a rise in the price of these goods where the the basket value remain unchanged resulting in overstate inflation where the customer replaces the goods at high price with that of its competitor with low price.
Answer:
c. triple-bottom-line approach
Explanation:
The triple-bottom-line approach is a framework with 3 parts: financial, social, and environment. Performance evaluation is more than just financial, it also incorporates social and environmental impacts of the business.
Volcanic batterie's vision statement has represented these 3 bottom lines
Financial- VolcanicBatteries will conscientiously track its financial performance to ensure profits for its investors
Social- enhance its community through employment and supporting charities
Environmental- and dispose of waste in amanner that will not harm the environment
Answer:
<u>Option B</u> must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end
Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed
Answer:a bony projection with a shape likened to a hammer head, especially each of those on either side of the ankle.
Explanation:a bony projection with a shape likened to a hammer head, especially each of those on either side of the ankle.