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Triss [41]
3 years ago
15

The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. a

ssumed to be the first ones included ending inventory. C. not included in cost of goods sold or ending inventory. D. assumed to be the last ones to be sold.
Business
1 answer:
Nonamiya [84]3 years ago
6 0

Answer: A. assumed to be the first ones sold.

Explanation:

Last in, first out is a method that's used in inventory such that the items that are produced recently will be the ones that will be sold first.

Using this method means that the goods recently produced or bought will be the first to be sold and recorded as cost of goods sold. This therefore means that the report on the inventory will be the lower cost of the old products.

Therefore, the LIFO inventory cost flow assumes that the cost of the newest goods purchased are assumed to be the first ones sold.

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The united states maintained its military superiority with a defense budget larger than the next china's biggest military powers combined. group of answer choices.

The United States spends more on defense than China, India, Russia, Britain, Saudi Arabia, Germany, France, Japan, and South Korea combined.

The United States leads the ranking of countries with the highest military spending in 2021 with US$801 billion. This accounted for 38% of total global military spending that year, totaling $2.1 trillion.

This increase has outpaced the growth of other countries' spending, and as a result, the United States now spends more on defense than the next nine countries combined (the next 11 countries in 2020 compared to the total).

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2 years ago
What is the difference between a shortage and scarcity?
velikii [3]
<span>The difference between scarcity an shortage is that a scarcity is something that occurs naturally due to limitations on the resources that have no way to be replenished. A shortage comes from a condition in the market when a certain good is set at a certain price. So the correct answer is B.</span>
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3 years ago
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How many ink cartridges can you buy with 165 dollars if one cartridge costs 11 dollars
laiz [17]

Answer:

15

Explanation:

165 divided by 11 is 15. For any number over 10 that you divide by 11, you can ignore the middle number and take the digit in the hundreds place and the digit in the ones place.

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As a result of Luis putting a "stop payment" on a check that he wrote, Luis will
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The data analysis process phases are ask, prepare, process, analyze, share, and act. What do data analysts do during the ask pha
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The thing which the data analysts do during the ask phase are:

  • Define the problem by looking at the current state
  • Identifying how it's different from the ideal state.

<h3>What is Data Analysis?</h3>

This refers to the use of data to find out the similarity and differences between the different data and how to use it to solve problems.

With this in mind, we can see that during the data analysis process phases, we can see that they include:

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Then in the ask phase, the data analysts have to define the problem and then identify how to solve it.

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