Business

21 September, 23:30

Company A is identical to Company B in every regard except that Company A uses FIFO and Company B uses LIFO. In an extended period of rising inventory costs, Company A's gross profit and inventory turnover ratio, compared to Company B's, would be:Col1 a b c dCol2 Gross Profit lower higher higher lower Col3 Inventory Turnover lower higher lower higherA. Option A B. Option C C. Option D D. Option B

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Company A is identical to Company B in every regard except that Company A uses FIFO and Company B uses LIFO. In an extended period of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

When you are using money to purchase a new mp3 player, money is serving as a:?

Which of following is an added bonus for participating in extracurricular activities

Credenza Industries is expected to pay a dividend of $ 1.15 at the end of the coming year. It is expected to sell for $ 62 at the end of the year.

Which of the following budgetary entries would the town of Geneva make upon adoption of its Special Revenue Fund Budget for the year?

When Kendra's manager asked the team to come up with new ideas for attracting people to their trade show booth, Kendra suggested installing a video game in the booth. Which part of the rational decision making process does Kendra's idea exemplify? a.

New Questions in Business

A nut store normally sells cashews for $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 40 pounds of peanuts, the manager decided to mix the 40 pounds of peanuts with

The Bolen Company forecasts that total overhead for the current year will be $8,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $10,000,000 and the actual machine hours are 80,000 hours.

Four trends in the past decade have significantly influenced the landscape of global marketing. one of them is

Badger Corporation declared a stock distribution to all shareholders of record on March 25 of this year. Shareholders will receive one share of Badger stock for each 10 shares of stock they already own.

Marketing ethics is most important for advertising agencies. maximizes an organization's positive impact on society. refers to principles and standards that define acceptable conduct in marketing. are laws and regulations that govern marketing.