Most founders' agreements include a ________ clause, which legally obligates the departing founder to sell to the remaining foun
1 answer:
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Answer:
--- FIFO
-- LIFO
Explanation:
Solving (a):
FIFO method
This means that the first items to be listed were sold out and only 240 of the last item is left
This implies that the following units were sold
340 units at $5; 440 units at $7 and (540 - 240) units at $8
So: We're left with
Solving (b):
LIFO method
This means that the last items to be listed were sold out and only 240 of the fist item is left
This implies that the following units were sold
540 units at $8; 440 units at $7 and (340 - 240) units at $5
So: We're left with