Why are cost flow assumptions made when accounting for merchandise inventory?
With changing prices, one would have to carefully track the flow of goods to obtain exact cost of goods sold and ending inventory amounts. Because tracking is usually impractical and sometimes impossible, cost flow assumptions are made to provide a good estimate of inventory cost without the need to track the actual flow of goods.
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_____________ is the set of techniques used for implementing planned change to make people and organizations more effective.
A. Corporate transformation B. Organizational development C. Revitalization D. Continuous improvement E. Incremental innovation
The internal rate of return method uses cash flows rather than net income.
Answer the following statement true (T) or false (F)
Briefly compare and contrast high-involvement and low-involvement situations for consumers
What will be an ideal response?
Jacob sat down with his supervisor at the beginning of the quarter and set a goal to reduce defects on the assembly line from 5% to 2%. If he achieves this goal by the end of the quarter, he will receive a ________ of $4,000.
A. bonus B. commissions C. merit pay D. piecework E. exit pay