Which of the following is a similarity between flowcharts and maps??
A) ?They both incorporate area charts.
B) ?They both feature geographical relationships.
C) ?They are both easier to understand than written explanations.
D) ?They are both used to describe organizational structure.
C
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Irving Inc., an apparel company, decides to expand operations to several countries around the world. However, it fails to take into account the various styles of clothing that are deemed acceptable in these countries. It sells the same clothes that it sells in its home country to the other countries. As a result, it suffers a major loss. In this scenario, Irving Inc. failed to be sensitive to
the__________of the countries.
Fill in the blanks with correct word.
Misty, Inc. had 24,000 units of ending inventory that were recorded at the cost of $6.00 per unit using the FIFO method. The current replacement cost is $4.75 per unit
Which of the following amounts would be reported as Ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule? A) $144,000 B) $258,000 C) $168,000 D) $114,000