Answer:
So choosing FIFO would yield the highest profit and net income.
Explanation:
When the purchase price is continuously rising the
- FIFO assigns the lowest amount to cost of goods sold- yielding the highest gross profit and net income.
- LIFO assigns the highest amount to the cost of goods sold -yielding the lowest gross profit and net income.
So choosing FIFO would yield the highest profit and net income.
FIFO assigns an amount to inventory closely approximating current replacement cost. First in First out charges costs to items old assuming that the earliest units purchased are first units sold.
Answer:
C. It states what your paper will prove
Explanation:
Sorry if it wrong
Answer:
Democratic leadership
Explanation:
Democratic leadership defines that the leader motivates his subordinates to come up with suggestions and alternatives for a specific issue. Then, based on the number of votes received from his group members, he chooses the best choice for a specific alternative choice.
Therefore according to the given situation, Chang meets with his whole team who is a specialist team in designing and find out the ideas for which they implement on the project. Designers bring concepts with them and everybody votes. So this style of Chang is called Democratic leadership.
Delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using : A GPS to avoid traffic delays.
<h3>What is product delivery?</h3>
Product delivery refers to the process of moving goods and services from one place to another. This process entails getting the goods produced either to a place where they will be sold or to final consumers.
The use of GPS enable us delivery drivers avoid traffic delays by informing them ahead where there are traffic.
Hence, delivery drivers are able to meet the delivery timelines selected by customers when purchasing products by using a GPS to avoid traffic delays.
Learn more about delivery here : brainly.com/question/24553900
Answer:
Substitute Effect
Explanation:
When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.
The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.
