An advantage of the ________ method of inventory valuation is that it tends to smooth out the effect of erratic changes in costs.
Fill in the blank(s) with the appropriate word(s).
weighted average
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Which three consumer motivations are key to the VALS™ system?
A) faith, family, and finances B) age, gender, and ethnicity C) place of usage, time of usage, and frequency of usage D) ideals, achievement, and self-expression E) income, education, and geographic location
The second phase of the 3-x-3 writing process begins with
A) analyzing the audience B) composing the message. C) researching the topic. D) organizing the message.
Jay holds himself out as possessing special accounting skills. As an agent, he must exercise the degree of skill or care expected of
A. a person having those skills. B. an average, unskilled person. C. a reasonable person. D. the principal.
On March 1 the price of a commodity is $1,000 and the December futures price is $1,015 . On November 1 the price is $980 and the December futures price is $981
A producer of the commodity entered into a December futures contracts on March 1 to hedge the sale of the commodity on November 1 . It closed out its position on November 1 . What is the effective price (after taking account of hedging) received by the company for the commodity? A. $1,016 B. $1,001 C. $981 D. $1,014