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Vesnalui [34]
3 years ago
9

The LIFO cost flow assumption results in the most (distant/recent) costs being transferred to cost of goods sold. In times of ri

sing prices, the costs transferred to cost of goods sold under LIFO will therefore be (higher/lower) than the costs transferred to cost of goods sold under FIFO.
Business
1 answer:
asambeis [7]3 years ago
5 0

Answer:

  • RECENT
  • HIGHER

Explanation:

Last-in, first-out (LIFO) means that the most recent costs are going to be used to determine the cost of goods sold. The LIFO method is very useful when the prices of your inputs or merchandise are continuously rising, for example if inflation rate increased. LIFO method is better for determining replacement costs when prices are increasing.

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a) signing the most lucrative contract you can upon graduation

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A best professional should be deal with a person who earned from their professional activity. It is always be in benefit of a public interest and the society at a whole

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Therefore the same is to be considered

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Hernando lives in a county where everyone pays the same amount of taxes no matter their income. Which type of tax system is Her
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3 years ago
Which of the following generates revenue for Google?
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Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance
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The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.  

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

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Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

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