Define the terms FIFO and LIFO.
What will be an ideal response?
The first-in, first-out (FIFO) cost flow method requires that the cost of the items purchased first be assigned to cost of goods sold. The last-in, first-out (LIFO) cost flow method requires that the cost of the items purchased last be charged to cost of goods sold.
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Assessment questions seek to:
a. gain an admission. b. find out specific details related to the fraud. c. establish credibility of the respondent. d. obtain facts previously unknown.
Life insurance companies like Prudential hope to get you to worry about how your loved ones will be provide for themselves once you have passed away. They paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a ________.
A. life cycle appeal B. rhetorical appeal C. fear appeal D. humorous appeal E. security appeal
Jeff is starting a new business blog and wants to be able to compete with established blog sites. He has asked for your advice. What should you tell him?
A) Choose one topic and stick with it to give your blog stability. B) It is better to post long messages infrequently than to post short messages frequently. C) Avoid providing links to other blogs. D) Use a commercial hosting site such as Blogger, Tumblr, or WordPress.
Van Lines Inc. is a large corporation operating in all 50 states. Jim Poulos is the regional manager overseeing the western division, which includes Utah, Colorado, Idaho, Montana, Wyoming, and Nevada. Jim receives data from his managers in each state which he loads into his digital dashboard for analysis of his entire western division. What digital dashboard capability is Jim primarily using?
A. Intelligent system B. Consolidation C. Drill-down D. Slice-and-dice