This method is effective for companies selling products with expiration dates. Obviously‚ market selling milk should record their sales with first in‚ first out method because the older milk will be sold first. International Accounting Standards No. 2 (IASCF) does not permit the use of LIFO for foreign affairs. Therefore‚ companies must use FIFO to report any inventory outside of the US effective as of January 1‚ 2009. On the hand‚ we have LIFO which is last in‚ first out. There has been a gradual
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The intent of the article can be found in one of the concluding statements by Briggs. He says‚ “but I hope I have filed enough detail to show that the Baptist contribution in this area has been sacrificial and substantial‚ but often unrecognized.”2 Throughout the article and list made‚ Briggs drives home the point that the Baptists‚ although often seen as isolated or even divided from other churches and the evangelizing of the world‚ are making contributions and work alongside of other believers
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CPA PROGRAM – PROFESSIONAL LEVEL GLOBAL STRATEGY AND LEADERSHIP KEY CONCEPTS AND MODELS WEBINAR 1 (MODULES 1–3) WEBINAR 2014 AUTHOR: DELYTH SAMUEL REVISED BY: SAMANTHA WINTER GSL segment map 2 Key Concepts and Models – Webinar 1 Webinar objectives + At the conclusion of this webinar‚ you should have • reinforced your understanding of the key concepts and models in the Global Strategy and Leadership segment and how they relate to each other • reinforced your understanding
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Discussion Argument: “The Best Political Culture is the ‘Traditional’.” Agree? Disagree? “I disagree with the statement Is the best politcal culture ’Traditional’. i personaly wouldnt like to live in a state or country with a traditional culture following reasons: First. the reason i disagree with this statement is because in the traditional culture people like me dont have a say in whats going on in our political world. the only people the have the influence is people with power‚moeny and
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Weekly Chapter Questions (Wk2) Chapter 1 1. What are three major attractions of careers in supply management? Listed below are three attractions of careers in supply management: Responsibility/Experience: The amount of responsibility as well as the experience you will endure and gain is immense. In some cases‚ it may be rather daunting; however‚ it is well worth it. The knowledge gained‚ will only make you a better and well-rounded individual‚ as you become a procurement aficionado. Team Oriented:
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Week 2 Individual Assignments from the Reading Chapter 8 3) What are the essential features of the allowance method of accounting for bad debts? The essential features of the allowance method of accounting for bad debts are: (1) Uncollectible accounts receivable are estimated and matched against revenues in the same accounting period in which the revenues occurred. (2) Estimated uncollectibles are debited to Bad Debts Expense and credited to Allowance for Doubtful Accounts through an adjusting
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Student ID: 22087885 Exam: 986093RR - Business Math‚ Part 2 1. Ann works 51/2 hours‚ Mary works 61/3 hours‚ and John works 41/4 hours. How many combined hours have they worked? A. 165/12 *B. 161/12 C. 151/12 D. 155/12 2. You pay the following for supplies: $19.36 for pens; $21.75 for notepads; and $32.26 for computer paper. What is your total? A. $73.73 B. $77.37 C. $77.73 *D. $73.37 3. How many liters will a U.S. 6-quart container hold? Round your answer to the nearest hundredth. A. 6.11 liters
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2. Discussion Questions • Mandatory Assessed DQ: Research the elasticity of beef and eggs in regards to price changes. How do supply‚ demand‚ and price controls interact to affect equilibrium price of eggs? Why do customers have a more elastic buying response to beef than to eggs? As we has discussed‚ elastic demands are placed upon items that are commodities rather than needs. The change of eggs prices are forced due to the demand. During the summer months‚ egg supply is higher and lower during
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Chapter 12 Discussion Questions 1-5 Dan Yohe 1. Approximatley how far ahead would one need to plan for the following types of facilities? A. Restaurant-At least one to three nights in advance. You could go to the farmers market to get fresh vegetables but you may only be able to get staples/necessities once or twice a week. B. Hospital-I would say at least a week if not a month to be enough to take care of all the patients they might get. C. Oil refinery-An oil refinery I would
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2. What facts may weigh in favor of or against Chou in terms of the parties’ objective intent to contract? Both BTT and Chau vocally consented to the deal. A realistic person would have expected the deal was on its way to go through because BTT paid Chau 25K for negotiation rights for a 90 day period. At this point there was an enforceable agreement between Chau and BTT. 3. Does the fact that the parties were communicating by e-mail have any impact on your analysis in Questions 1 and
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