Which one of the following statements is false?
a. The primary determinant in selecting an inventory costing method should be the ability of the method to accurately reflect the net income of the period.
b. The amount of cash to acquire inventory is the same for companies that use LIFO as for those companies that use FIFO.
c. Differences in cash flows between LIFO and FIFO inventory methods are caused by differences in taxes.
d. Differences in cash flows between LIFO and FIFO inventory methods are a direct result of the differences in the purchases
d
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Variable costing considers only ________ costs when determining product costs.
A) fixed manufacturing B) variable manufacturing C) variable selling and administrative D) fixed selling and administrative
Imagine you are giving a presentation on your study-abroad experience this past summer in Rome. How could you appeal to all four learning styles in your presentation? Provide a specific example for each style.
What will be an ideal response?
In some industries, personal selling accounts for most of the promotional budget. This is true because
A. the average cost per sales call has decreased since 1980. B. it is not as expensive as other forms of communication. C. one sales call is not likely to be enough to close a deal. D. it has a wider reach than the mass media. E. the cost per sales call is less than the cost per message through other media.
Identify and explain the different Incoterms.
What will be an ideal response?