Answer:
I would advice Ryan to escape the vicious cycle of interest and debt that he is stuck in. The reason for this is clearly his car and he needs to make a tough decision which is to sell it to somebody and recover the amount he has paid for it. He can use this money to pay off his loans after which he should save the money for a car and buy it in one go instead of financing it. He should also learn to learn to live in the means available to him and should not be tempted to buy things he can't afford.
Answer:
Comparing the ending inventory balances of FIFO and LIFO, the ending inventory value under FIFO less the ending inventory balance under LIFO will result in a difference of $(400).
Explanation:
FIFO means First In, First Out. It is one of the methods for accounting for inventory. The FIFO method assumes that inventory bought first are the first to be sold or used in production, while those bought later remain proportionately to sales or production. This is considered a realistic method for most companies.
On the other hand, LIFO, which means Last In, First Out, is another costing method for inventory. This method assumes that goods bought last are the first to be sold or used in production, while those bought earlier remain proportionately to sales or production. This method is not considered to be realistic in real life for most companies.
In calculating the cost of goods sold for the period, these two methods produce different outcomes, depending on the purchase price per unit. Where the purchase price of inventory remain the same throughout a period, there will be no difference.
For example, if the unit price for inventory remains $40 from January 1 to December 31, then there will not a any noticeable difference between the two methods.
During commercialization stage of the new product development process does GoPro analyze a new product's potential lifecycle, including time to break even and time for potential responses by competitors.
<u>Option: E</u>
<u>Explanation:</u>
- Management and marketing experts use the idea of the product life-cycle as a guide in determining when it is necessary to raise advertising, lower costs, extend into new markets or change packaging.
- A procedure of getting into the market new goods or services is understood as commercialization.
- The wider marketing act includes the manufacture, delivery, promotion, advertising, customer care and other main functions important to the commercial success of the new service or product.
The answer in the missing word is Business. IBM or International Business Machine Corporation is a multinational technology to secure customers information or data. A business is the firm made up of an group or association of people to share a common purpose and unite their knowledge and skills to produce products and render services.