Match the inventory valuation method from the list below that is being described in each situation in letters a-e. In all cases, assume a period of rising prices.
________ a. The method that is used if each inventory item can be matched with a specific
purchase and invoice.
________ b. The method that will cause the company to have the lowest income taxes.
________ c. The method that will cause the company to have the lowest cost of goods sold.
________ d. The method that will assign a value to inventory that approximates current cost.
________ e. The method that will tend to smooth out erratic changes in costs.
a. SI
b. LIFO
c. FIFO
d. FIFO
e. WA
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If a firm is successful in meeting its output goal for a period, the firm has been
a. efficient. b. effective. c. profitable. d. exercising cost containment measures.
The practice of inferring needs and preferences from a consumer's online behavior and then targeting related advertisements to them is referred to as A) data mining
B) behavioral marketing. C) Internet tracking. D) targeted selling.
Which of the following is NOT a nonprofit organization.
a. The American Red Cross b. The AFL-CIO c. The National Geographic Society d. The Discovery Channel e. Presbyterian Church
Your friend wants you to seriously consider investing in bonds like she did. Why?
What will be an ideal response?