In a period of falling prices, a firm reporting under LIFO compared to FIFO, will have a higher ______
With falling prices, LIFO COGS (Cost of goods sold) will include the cost of lower priced inventory and COGS will be less as compared to FIFO. Because of this, a firm will report a higher gross profit margin (Gross Profit/Sales) under LIFO than under FIFO, While LIFO Inventory will be higher and inventory turnover lower.
What was the profession of Prime Minister of Japan, Shinzo Abe before it?
In which of the following cities in the United States of America, Yugantar Ashram, the headquarter of Gadar Party, a liberation movement of India, was e...
Which of the following is correctly matched?
The Central Intelligence Agency of the USA has appointed whom as the CIA's first-ever Chief Technology Officer (CTO)?
What is the tenure of the Panchayati Raj institution?
Who was the first Odissi dancer from Odisha to receive Padma Vibhushan?
As per Budget 2023 -24, how much comes from cooperation tax for every 1 Re receipt of the government?
What is the first step of the process of staffing in an organisation?
The national digital data repository of India is known as?
Cricketer Zaheer Khan was awarded the ______ in 2020.