This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is false about LIFO? a. Costs of goods sold are based on the costs of the ... (Read 83 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Which of the following is false about LIFO?
 a. Costs of goods sold are based on the costs of the oldest inventory purchased.
 b. It was designed to cushion the effects of inflation.
 c. It matches current costs against current revenues.
 d. Older inventory is regarded as unsold inventory.
 e. It is used for planning purposes as it accurately reflects replacement costs.

Question 2

If you try out your marketing plan for a new product in supermarkets in Kansas City, what type of study is this?
 a. Laboratory experiment
 b. Field experiment
 c. Mall intercept experiment
 d. Price experiment


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

a

Answer to Question 2

b


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Hand Washing Using an Alcohol-Based Rub Hand Washing Using an Alcohol-Based Rub
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil The Land Ordinance of 1785 called for surveying and dividing the Western Territories into square mil
A model of the 70S ribosome based upon early structural data A model of the 70S ribosome based upon early structural data
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
questions based questions based
Video: Oral Hygiene & Braces Animation

For a complete list of videos, visit our video library