Answer:
The correct answer is False.
Explanation:
This statement that, an advantage of FIFO is that it assigns the most recent costs to cost of goods sold and does a better job of matching current costs with revenues on the income statement, is not correct.
Under fifo method the most recent cost is assign to closing not COGS. It is LIFO method (last in first out ) in which the most recent costs is assign to cost of goods sold. Under the fifo method cost that is incurred first is charged first to COGS.
The purpose of training and development<span> is to increase an employee's ability to perform productively.
During training and development, the company could re-educate their employees so they can adapt to the situation that the companies face during it operation and increase its overall efficiency.</span>
Answer:
C). Professional Conduct
Explanation:
Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of <u><em>the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output</em></u>. Thus, <u>option C</u> is the correct answer.
Answer:
Retiring the oldest bond
Explanation:
Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan
Answer:
True - Contracts that cannot be completed in less than one Year must be written
Explanation:
The extract from the scenario that requires focus for the answer to the question is that ''<u>In 2006 Mann and Harris were asked by HIS to work on another conversion of an apartment building</u> known as Park West. For this project Mann and Harris were again <u>orally promised </u>a bonus (above their salary) using the formula similar to the Windsor Park conversion.<u> It was understood that this project would also require two or three years to complete.</u>''
Under statute of frauds, it is required that contracts that will last for more than 1 year should be written to be enforceable.
<u>At the point where Mann and Harris were asked to perform another construction of apartment that would take up to two or three years to complete, they ought to have requested that the contract be in writing.</u>
His had taken undue advantage of the knowledge of the Law and refused to them the bonus, yet in the eyes of the Law, according to statute of frauds, he cannot be wrong.
