The correct option is "higher".
<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
<span>58000
The key to this problem is ignoring information that doesn't apply to the problem. We're looking for 40% of the purchase price for Mary's new home. We don't care about how much she's selling the old home for. So we just need to calculate 40% of 145000, so
40% * 145000 = 0.40 * 145000 = 58000
So the 40% down payment on her new 145000 house is 58000</span>
Answer:
Consumer behavior
Explanation:
It is the decision process in which consumers evaluate, select, acquire, use and dispose goods and services to satisfy their needs and wants. It covers what they buy, why, when, how, where and how often. Consumer behavior involves mental, emotional and physical activities.
Answer:
The correct answer is accrual of interest expense.
Explanation:
Interest expense is an expense you incur when you borrow money. The lender charges you a specific interest rate that is expressed in your loan document. As time passes, you are charged interest on the amount you borrowed. You may have to calculate the simple or compound interest on your loan depending on how it is structured. If the loan is for business, you will enter interest expenses in your accounting records.
