The inventory method which results in the prices paid for the earliest purchases being assigned to inventory on hand at the end of the period is:
a. First-in, first-out.
b. Last-in, first-out.
c. Last-in, last-out.
d. Moving average.
b
You might also like to view...
A company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's cost of preferred stock?
A. 7.81% B. 8.22% C. 8.65% D. 9.10% E. 9.56%
Under the Fair Debt Collection Practices Act, a collection company is legally permitted to
a. call the debtor at any time of the day. b. call acquaintances of the debtor to tell them that the consumer is in debt. c. call the debtor even if the debtor has requested in writing that he or she wishes no further contact. d. visit the debtor at work if the consumer's employer permits such contact.
The marketing concept applies to nonprofit organizations as well as to businesses.
Answer the following statement true (T) or false (F)
Once the shoe company Nike obtained a trademark for a line of shoes called Shox, no other company was allowed to use that name for any product
a. True b. False Indicate whether the statement is true or false