During a period of increasing cost prices, which inventory costing method will yield the lowest cost of goods sold?
a. Any method in which the company uses a periodic inventory system
b. Weighted Average Cost
c. LIFO
d. FIFO
d
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An accounts payable ledger:
A. Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding. B. Is a book of original entry designed and used for recording only a specified type of transaction. C. Contains a separate account for each supplier to the company. D. Contains an account for each credit customer. E. Contains the financial statement accounts of a business.
Shuttle Master Airlines has leased an aircraft from Streamline Aircraft Company. The annual payments are $1,000,000 and the life of the lease is 18 years. It is estimated that the useful life of the aircraft is 20 years. How would Shuttle Master Airlines record the acquisition of the aircraft? The effective rate of interest is 9%
a. The company would not record the aircraft as an asset but would record rent expense of $1,000,000 per year for 18 years. b. The company would not record the aircraft as an asset but would record rent expense of $900,000 per year for 20 years. c. The aircraft would be recorded as an asset with a cost of $8,756,000. d. The aircraft would be recorded as an asset with a cost of $9,129,000.
When marketers look at advertising media they often begin with viewer or listener profiles such as age, income, gender, and race. They then compare the media profile with their target audience. These marketers are using ________ to see if the media "fit" with their advertising agenda.
A. demographics B. scenario planning C. country culture D. regional culture E. micromarketing measures
Meeting ISO standards that assess and minimize a company's carbon footprint contributes to which aspect of the triple bottom line?
a. people b. product c. planet d. profit