Answer:
FIFO would have produced the highest cost of goods sold. the<em> If costs had been declining instead of rising, </em>which inventory costing method would have produced the highest cost of goods sold?
Explanation:
If prices had been declining instead of rising, the FIFO while
LIFO
<em>Costing Methods is best used</em>
When prices are rising, you prefer <em>LIFO</em> because it gives you the highest cost of goods sold and the lowest taxable income. In rising markets,<em> FIFO</em> yields the lowest cost of goods sold and the highest taxable income.
Answer:
Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
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Answer:
The speed with which general prices are rising
Explanation:
Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded. Inflation means a selected basket of goods will cost more this period than it did in the previous season.
The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation. A moderate level of inflation is required to promote spending and sustain favorable economic growth
Answer:
The given statement is true.
Explanation:
The reason for why this statement is true is discussed below:
- The discounted cash flow is also called as DCF which is very important to determine the value of a business because it tells about the impact of today's investment in the future cash flows.
- It gives us information about the worth of share of a business as small business don't have that large scale arrangements or larger cash flows so the budgeting techniques of the DCF are less beneficial for the small scale business.