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ArbitrLikvidat [17]
3 years ago
11

How does lifo work compared to fifo?

Business
1 answer:
-Dominant- [34]3 years ago
4 0
Fifo (first-in first-out) is like a super market line at the cash.  The person who arrives first will be out first.
      ===========
in-> |  |  |  |  |  |  |  |  -> out
     ============

Lifo (last-in last-out) is like the pile of dishes in a buffet restaurant.  Fresh dishes are pushed into the stack.  The last dish pushed in will be the first one to pop out when there is a customer needing a dish.
   ||============                       ||============
   ||  |  |  |  |  |  |  |       <-  in             ||  |  |  |  |  |  |  |  |  -> out   
   ||============                       ||============
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Expansionary fiscal policy is so named because it:_________.
alukav5142 [94]

Answer:

B. is designed to expand real GDP.

Explanation:

Expansionary fiscal policy is a term used in economics, it refer to the fiscal policies which aim to expand or grow economy. Measure been taken to increase demand of goods and services in the market, through increasing governement spending, decreasing taxes and various other changes in policies, so that economy can grow. Expansionary policy can be either of fiscal policies or Monetary policies.

4 0
3 years ago
The currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4. What is the money​ multiplier?
dimaraw [331]

Answer: 1.67

Explanation:

From the question, we are informed that the currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4.

The money​ multiplier is calculated as:

(1 + the currency drain ratio)/( the reserve ratio + the currency drain ratio)

= (1 + 0.5)/(0.5 + 0.4)

= 1.5/0.9

= 1.67

Therefore, the money multiplier will be 1.67.

3 0
3 years ago
An example of a business which would have no beginning or ending inventory but which could use process costing to compute unit c
kodGreya [7K]

Answer:D

Explanation:

4 0
3 years ago
Communist values are disappearing because:
drek231 [11]

Answer:

D. Shortages abound due to the fact that the government cannot rely on good information.

8 0
4 years ago
Which of these starbucks® coffees was the very first blend we released
spayn [35]

According to Starbucks, the starbucks® coffee that was the very first blend released is " a mix of excellent Latin American beans seared to a glistening, murky chestnut color."

These delicious Latin American beans are prepared with a combination flavor of toffee and cocoa.

Starbucks first prepared this variety in 1971 when the company commenced production in Seattle.

Starbucks is one of the most popular coffee producers in present-day America.

Hence, in this case, it is concluded that the starbucks® coffee that was the very first blend released is " a mix of delicious Latin American beans seared to a glistening, murky chestnut color."

Learn more here: brainly.com/question/20533939

8 0
3 years ago
Read 2 more answers
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