During inflationary periods, an advantage of the LIFO inventory cost method is that it matches more recent costs against current revenues
Indicate whether the statement is true or false
True
You might also like to view...
Prime costs are the combination of direct materials and direct labor costs
Indicate whether the statement is true or false
FaberRoad, a respected courier brand, is fast losing its market share to competitors who do overnight deliveries of packages or offer lower prices. The company's research department has found that many customers care more about knowing exactly when a package will arrive than getting it the next day. Which strategy would best address the current state of FaberRoad and help it regain its market?
A. diversifying the different types of packages that can be transported and enabling booking through calls B. developing radio tags that could be attached to packages to allow for real-time tracking by customers' PCs and mobile phones C. engaging in expensive advertising with new tag lines and famous celebrities to enhance its brand image in the market D. employing night delivery drivers at a high cost and maintenance charges E. acquiring small transportation companies with cheaper trucks and tempos, rebranding, and using them for deliveries
Camille, a tennis pro, convinces Dante, who has no athletic ability, that he has considerable skill and induces him to pay Camille $1,000 for tennis lessons. When Danterealizes the truth, he files a suit against Camille. Danteis most likely to recover on the basis of A) opinion
B) fraud. C) unconscionability. D) none of the choices.
What were the NCAA sanctions imposed on Penn State?
a. The so-called death penalty plus a fine b. There were no sanctions except a fine c. A suspension of the football program d. Penn State was stripped of all of Paterno's 112 wins