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 23 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
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Examples of cell-to-cell communication based on the distance between cells Examples of cell-to-cell communication based on the distance between cells
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
When the O2S voltage rises above 450 mV, the PCM starts to control the fuel mixture based on ... When the O2S voltage rises above 450 mV, the PCM starts to control the fuel mixture based on ...
questions based questions based
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library