In an inflationary environment, the use of which of the following cost flow methods would result in the least tax liability for the firm in the current period?
a. LIFO
b. Weighted average cost
c. FIFO
d. Moving average cost
a
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Which of the following is true of building a creative marketing organization?
A) It is enough if firms are customer-oriented. B) Companies must watch trends and be ready to capitalize on them. C) Firms should focus more on efficiency rather than innovation. D) Companies should attempt to minimize risks as much as possible. E) Firms should focus on protecting their existing markets and physical resources.
Grape Inc. sells high-end wines to liquor, wine, and spirits wholesalers who have built relationships among select restaurants and hotels. Grape Inc. employs a(n) ________ strategy.
A. pull B. exclusive distribution C. intensive distribution D. push E. selective distribution
Mary, a team leader, wants to share information about a new bonus scheme with her team members. In this scenario, which of the following sequences should Mary follow to structure the good-news message??
A) ?A passive sequence B) ?An interrogative sequence C) ?An inductive sequence D) ?A deductive sequence
On April 1, Year 1, Fossil Energy Company purchased an oil producing well at a cash cost of $7,140,000. It is estimated that the oil well contains 660,000 barrels of oil, of which only 560,000 can be profitably extracted. By December 31, Year 1, 28,000 barrels of oil were produced and sold. What is depletion expense for Year 1 on this well? (Do not round intermediate calculations.):
A. $357,000 B. $119,000 C. $302,909.091 D. $476,000