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3 years ago

When prices are rising, the value of ending inventory using the FIFO method rather than LIFO gives:

Business

1 answer:

Korvikt [17]3 years ago

8 0

Answer:

The answer is D. both inventory and net income a higher value.

Explanation:

FIFO is First in First Out. This means what was bought first goes out first.

LIFO is Last in First out. This means what was bought last was sold first.

For FIFO, in time of rising price, the ending inventory will contain the ones bought last when the price is rising, so the ending inventory will be higher and for LIFO, the last inventory with high price will b sold out first, remaining the inventory that was bought at cheaper rate.

In FIFO, because the ending inventory is high, cost of sales will be low and this means high gross profit and operating profit or net income

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Ben receives an email purporting to be from his bank, advising him that new passwords are being distributed. The email asks him

Nina [5.8K]

Answer:

The correct answer is E

Explanation:

Phishing is the term which is defined as group of individual or the malicious individual who are scam users. This is done by sending the emails or creating the web pages which are designed in order to collect the information of online bank, other login information or credit card information of an individual.

So, Ben is the victim of phishing, as the fraud is done with him by sending the emails.

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4 years ago

Helena Fogarty does her own research and development for Mi Ola. When she goes out and talks to fellow surfers about their use a

vazorg [7]

Answer:

A) Idea generation

Explanation:

As the description of the exercise says, "to get inspiration for new products", in this first stage of New Product Development, ideas comes from everywhere, as it is doing, obtaining ideas from surfers about their use and likes and dislikes of surfing swimwear.

Ideas come from everywhere and the purpose is to create a large set of ideas from different sources.

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4 years ago

When the physical product cannot be easily differentiated, the key to competitive success may lie in adding valued services and

Sergio [31]

Answer:

The correct answer to the following question is Customer training .

Explanation:

When it is not easy to differentiate between the products, what business can do to get competitive advantage is to add some valued services with the product and improve the quality of the product. The service that can be added are order easing , customer training, customer consulting, deliver, installation, maintenance and repair.

Here customer training means providing the customers with necessary training and tools , which would help them in successfully using the product and services.

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4 years ago

When, at the end of a year, the inventories in a flour mill business are $10,000 above what they were at the beginning of the ye

natita [175]

Answer:

. c It's counted in I (investment spending)

Explanation:

Inventories purchased by businesses is included in investment spending when calculating GDP.

Investment spending includes all investments made by businesses e.g. purchasing equipment

I hope my answer helps you

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3 years ago

Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least 2 direct compe

Bond [772]

The indirect competitors are whole foods and WAL-MART

Direct competitors sells the product or services that are same

the direct competitors are Apple, Google, HP, IBM

hope it helps

5 0

3 years ago