Answer:
d. Under the LIFO retail method, a new layer would be added.
Explanation:
The retail method is used to estimate ending inventory/cost of goods sold and is widely used for financial reporting purposes, especially for quarterly financial statements. Retail methods are usually used with the weighted average cost flow assumption, FIFO or LIFO.
Now when the inventory increases under the retail method, LIFO retail method is the best to use because it gives you the highest cost of goods sold and the lowest taxable income. LIFO layer refers to a tranche of cost in an inventory costing system that follows the last-in, first-out (LIFO) cost flow assumption. Therefore when inventory increases under the LIFO retail method, a new layer would be added.
The correct option is "higher".
<span>During a period of rising prices, FIFO provides the higher net income figures and during the period of falling prices, LIFO provides the higher net income figures.
FIFO stands for first in, first out.
LIFO stands for last in, first out.</span>
Answer:
The correct answer is The global village.
Explanation:
The term "global village" is conceived as the impact that communications have within socio-cultural aspects. This phenomenon goes hand in hand with the spread of telecommunications and the internet, which allows access to information to be carried out at any place and time desired. In this way, ideas and events that occur within another geographical space can be conceived as their own, which directly influences the perception of people as if they lived in a remote place.
Answer:
c)Qualitative factors that affects outsourcing decision"
1)Quality of services :Whether the company to whom services are outsourced is capable enough or has sufficient experience in providing housekeeping services .A bad quality service can destroy customer /client relations .
2)Long term relations : whether the company to whom services are outsourced is trustworthy and is interested to maintain long term relations .
Answer: Partnership
A partnership is a from of business ownership who come together with mutual consent in order to manage the business and share its profits.
The terms and conditions of this agreement and the quantum of profit for each partner is clearly stated in a document called the partnership agreement.
All the partners who actively manage the business and share the profits are called General Partners. The general partners are jointly and severally liable for the debts incurred by the partnership.
