Answer:The Fifo method of stock Pricing is more efficient because it show the current market which do give room to rigor of determining unrealized profits.
Explanation:The First in,First out method has proven to be an effective method by revealing the actual cost of the material and represent the historical cost.The use of this system helps to avoid waste by issuing old stocks first.Its also a good representation of a sound storekeeping practice which increases profits during inflation.
Answer:
False
Explanation:
The industrial revolution resulted in higher standards of livings, better jobs for the working class, and generally speaking a much more comfortable life for most of society's members.
Manufactured products started to lower their prices since total output increased, and common middle class working people were able to purchase them.
European nations became dominant, especially the United kingdom. For the first time in history, China was not the most powerful nation in the world.
The positive effects of the industrial revolution were felt by the middle class, factory owners, business people (bourgeoisie), landowners and governments.
Of course not everything was good, a lot of negative effects came along with the industrial revolution. When cities started to grow due to migration from the countryside to large cities, slums were created, child labor became common and the differences in educational level increased. Working conditions in the factories were not that good either, with long hours and conditions that would currently be considered inhumane.
Answer:
A)
Since the money supply is growing at a much faster rate than real GDP in the US, this means that the inflation rate in the US will be higher than the inflation rate in the UK. In both countries the money supply is growing at a faster rate, but the difference in the US is larger (money supply is growing 67% faster that real GDP), while the money supply in the UK is growing 20% faster than real GDP.
This means that the US dollar should depreciate against the British pound.
B)
If you have US dollars, then you should increase your investments in the UK because the pound will be worth more US dollars in the future.
C)
More American goods should be exported to the UK, and less British goods should be imported to the US. Since the US dollar should be cheaper, American products are cheaper. The opposite will happen to British products.
Answer:
EIA's data for 2020 indicates that total U.S. petroleum production averaged about 18.375 million barrels per day (b/d), which included: crude oil—11.283 million b/d.
Explanation:
Answer: (D) Accumulate
Explanation:
The accumulate is the term that is used to refers to the increase in the business equity and also the working capital due to the high profit in an organization.
It is basically refers to the flow account in which we record all the asset and the financial and also the non-financial liabilities during the time of transaction.
According to the given question, the manufacturing overhead is one of the type of temporary account that is typically used to accumulate the indirect production cost at the time of accounting.
Therefore, Option (D) is correct answer.
