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3 years ago

Which cost flow assumption generally results in the highest reported amount for ending inventory when inventory costs are rising

Business

1 answer:

Sergio [31]3 years ago

8 0

Answer:

FIFO method (first in, first out)

Explanation:

When inventory costs are increasing, the FIFO method (first in, first out) results in the lowest cost of goods sold, which in turn result in the highest ending inventory value. On the other hand, the LIFO method (last in, first out) results in the highest cost of goods sold and the lowest ending inventory value. Goods purchased last will have a higher cost since the price of the merchandise increased during the year.

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A drawback to high-velocity, automated decision-making systems is that they are unable to

lisov135 [29]

The appropriate response is exceedingly organized choices. Choices can change from organized to unstructured. They can be separated in that organized choices have a very much characterized technique for finding an answer and have the information to achieve choices.

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3 years ago

Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result

mart [117]

Answer: Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result in lower productivity of investment.

Explanation: Lowering productivity of investment will cause the economy to not do as well due to the small level of investments happening. When the government heavily taxes different things, it lowers the amount of people purchasing those items due to the high rates.

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3 years ago

If specialization and outsourcing can harm domestic workers, why do countries still engage in trade? choose one:

andrey2020 [161]

If specialization and outsourcing can harm domestic workers, the countries still engage in trade because the gains from trade far outweigh the costs, and the economy benefits overall.

Outsourcing is the business practice in which a party is hired outside any company to perform services and to create goods that were traditionally performed and produced in-house by the company's own employees and staff.

Outsourcing is a practice which is usually undertaken by companies as a measure of cost-cutting . As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

To know more about outsourcing here:

brainly.com/question/14202035

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2 years ago

According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?

Dmitry_Shevchenko [17]

Answer:

When there is now demand for this type of labor

Explanation:

Hope this helps :))

4 0

4 years ago

Read 2 more answers

Which of the following BEST represents a mission statement? A. Our goal is to honor and empower wounded warriors. B. We strive

BabaBlast [244]

Answer:

B. We strive to be the worldwide leader in sharing delicious tastes and creating joyful memories

Explanation:

There are two concepts i.e mission and vision. The mission statement is the statement in which it talks about the company goals and objective that represent the present condition of which market should be targeted, its geographical location, etc

While on the other hand the vision statement refers to position of the company in the future. It is always for the long term as it is always thinking for the future where the company what to be.

Based on the above explanation, the option B is correct as it depicts the mission statement.

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3 years ago