<span>In-line industries (ili) produces recreational in-line skates. Demand is seasonal, peaking in the summer months. Different activities peak when they are in different seasons based on weather, travel and activity type. In this case, the recreation in-line skate activities peak when the weather is warmer and people are spending more time outside. </span>
Answer:
D. Cost of goods sold will be lower and ending inventory will be higher
Explanation:
If the price are falling means that:
price at moment n > price at n+k
because n+k is into the future, their cost is lower.
Using LIFO, means the COGS will use the lower price, and the Inventory the highest.
While FIFO will be the opposite. COGS will use the higher price and the Inventory the lower price.
COGS lifo < COGS fifo
Inventory lifo > Inventory fifo
<u>Option D is the only one which satisfies this</u>
Answer:
the answer is C
Explanation:
act as singals to buyers and sellers.
Answer: a. is wrong. Because Verania has a comparative advantage in washing dishes, she should wash dishes, and Josimar should vacuum.
Explanation:
Having absolute advantage in both things does not mean that Verania has a Comparative advantage in both as well.
They should find out which activity they both have a comparative advantage in and focus on that. The activity that costs the least opportunity cost is the one they have a comparative advantage in.
Verania
Opportunity cost of vacuuming = 2 / 1 = 2 hours of washing dishes
Opportunity cost of washing = 1/2 = 0.5 hours of vacuuming
Josimar
Opportunity cost of vacuuming = 3/2 = 1.5 hours of washing dishes
Opportunity cost of washing = 2/3 = 0.66 hours of vacuuming
Verania has a comparative advantage in washing dishes while Josimar has a comparative advantage in vacuuming.