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 26 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

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Performing Transmission-Based Precaution: Isolation Techniques Performing Transmission-Based Precaution: Isolation Techniques
Nursing: A Concept-Based Approach to Learning, Volume I Nursing: A Concept-Based Approach to Learning, Volume I
Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach
The human X chromosome (left) and the Y chromosome (right). This false-color scanning electron micro The human X chromosome (left) and the Y chromosome (right). This false-color scanning electron micro
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 ...
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library