Answer:
Explanation:
Hmm........ Cancel the Delivery while its being delivered, then explaing to the person that bought it what happened and give them the $75 without ACTUALLY giving the stamp collection
When costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
<h3>LIFO and FIFO</h3>
LIFO means last in last out while FIFO represent first in first out. In a situation were price of goods and service are falling using LIFO tend to assume that the newer and less expensive inventory is sold out first.
This tend to lead to lower cost of goods sold and higher net income.
Inconclusion when costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
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If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it produces, then Brazil should focus on producing coffee because it has a competitive edge in this area.
What does Brazil have a comparative advantage in?
- Brazil is rich in minerals, especially iron ore, but it also has oil and other basic materials. Although technically speaking they are economic rents rather than comparative advantages, they nonetheless exist and the majority of other nations do not.
- In terms of actual comparative advantage, it is the low-cost producer of a number of agricultural items, most notably sugar, where Brazil is unquestionably the global heavyweight, but also soy, cotton, coffee, and other crops, as well as beef, poultry, and other protein.
- Brazil's issue is not its producing side. In general, they are effective producers. It relates to infrastructure. Usually, the top three producers of most commodities are the US and Brazil.
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The answer would be: D. Attract investment
When developing nations attract investment from more developed nations, it will open up a lot of job opportunities for the people in the Developed nations. This will make an average citizen in that nation have a higher disposable income that they could spend to increase their standard of living.
A . Law of diminishing returns is the answer .
Because the law of diminishing returns argues. that the expansion of a business must always consider the demand and if it does not the graph will lower into the diminishing returns that is less and less profit for the firm.