Answer:
yes
Explanation:
yes because they have a better relationship with their customers and staff meaning they will be more trusting and reliable.
Answer:
b) income statement as a $2,320,000 cumulative effect of accounting change
Explanation:
Base on the scenario been described in the question, The change in inventory steps to FIFO from LIFO which made an increase in Inventory should be recorded in the retained earnings statement as a $2,320,000 addition to the beginning balance. Option b is the answer
Answer:
I will visit the sales manager first
Explanation:
A company is profitable if its turnover exceeds expenditure. In other words, total sales must be more than the sum of the cost of sales and operating costs.
In a company, the significant cost components are inventory and operations costs. In this case, costs are risings reasonable. It signifies growth in production activities. The problem for the company is likely to be sales-related. Possible challenges in sales departments include.
- A significant drop in sales volumes
2. Low mark-up on the companies products
3. Pilferage or fraud in the sales processes.
