How does the physical flow of goods differ from the flow of costs?
What will be an ideal response?
Goods usually move physically on a FIFO basis, which means that the first items of merchandise acquired by a company (first-in) are the first items sold to its customers (first-out). The inventory items on hand at the end of the accounting period are typically the last items in (the most recently acquired goods). If companies did not sell their oldest inventory items first, inventories would include dated, less marketable merchandise. Cost flow, however, can differ from physical flow. For example, a company may use LIFO or weighted average for financial reporting even if its goods flow physically on a FIFO basis.
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The most widely used depreciation method is
a. straight-line b. other c. units-of-output d. double-declining-balance
Which of the following is true about "coffee culture" in England?
A) Starbucks has been unsuccessful in its attempt to change the Brits' preference for tea. B) American entrepreneurs found success in England with the Seattle Coffee Company which Starbucks later acquired. C) Starbucks succeeded in England only after changing the company's name to Seattle Coffee Company. D) Starbucks-style coffee shops have been a flop because tea culture is too deeply engrained. E) Starbucks has been successful in England since it started selling beer.
List and briefly describe the differences between industrial or organizational buying and consumer purchasing behavior
What will be an ideal response?
Even though the principle of equality in its most basic sense requires us to treat likes alike, ignoring the effects of undeserved and unfair disadvantages is not treating unlikes alike as long as it is done for the sake of some formal principle of equal or identical treatment.
Answer the following statement true (T) or false (F)