Answer:
c. Companies using LIFO will report the smallest cost of goods sold. TRUE, Companies using LIFO method will increase profits (smaller COGS) but will over estimate inventories.
d. Weighted average cost of goods sold will be between FIFO and LIFO costs of goods sold. TRUE, it averages costs.
Explanation:
If purchase costs are decreasing, then the LIFO method is more appropriate, instead if purchase costs are steadily increasing, the FIFO method is more appropriate. The weighted average cost is better when purchase costs are relatively stable.
When the purchasing costs are decreasing, the LIFO method under estimates COGS, over estimates inventories, increases profits but also increases taxes.
Explanation:
<em>Market</em> can be defined as a physical, or virtual location, where economic agents (sellers and buyers) meet to negotiate the exchange of goods and services for other goods and services or for a monetary unit.
A market economy is one that is impacted by the interaction between sellers and buyers to allocate resources.
Geography can affect the economic market due to the impact that the location and organization of activities has on the availability of resources, on climatic conditions, on transportation costs, on the political and social conditions of a given location and on several factors that directly influence the progress of activities economical.
It is important that a company or economic institution chooses the location where it will implement its activities according to its strategic planning, in the case of a Blu-ray company it is important that the company segment the market to find its target audience and invest in technology and innovation to always offer the public an innovative product compatible with the market.
The correct answer is choice C.
A gap in his work history for personal reasons is best addressed in the cover letter. He can easily address it by saying something similar to: “I am looking to return to the workforce after taking time off to care for an ill family member.”
The answer is decision-making.
Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process.
You can make more careful, intelligent decisions by organizing pertinent information and outlining alternatives by following a step-by-step decision-making process.
This strategy raises the likelihood that you'll select the one that will satisfy you the most.
Decision-making steps include:-
- Look into the situation in depth.
- Establish a positive atmosphere.
- Create quality alternatives.
- Investigate your choices.
- Choose the ideal answer.
- Review your strategy.
- Inform others of your choice and follow through.
Hence, The process of generating and choosing from a set of alternatives to solve a problem is called decision-making.
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Cheap labor and raw materials.
Margin generally occur when there is a capacity to produce more with cheap labor and enough raw material for the production.
In comparison to the developing countries, the capital investments flow from high wage core countries to low wage periphery regions. Wage employment is far less than the daily wage earners.
Labor changes occur in both the kind of wage rate and employment. Shifts take in case both high to low and low to high variations to maintain stability both between the production procedure, employment and labor ratio . All depends on the situation of the economy in a country.
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