Which of the following inventory costing methods requires the calculation of a new average cost after each purchase?

A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out

B

Business

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After the aftermath of the tragedy involving fire in garment factories in Bangladesh, Walmart implemented a "zero-tolerance policy"

The Workers Rights Consortium, the International Labor Organization and other groups monitoring labor issues are stepping up pressure on companies that participate in the global garment supply chain due to the following reasons, except: A) retailers pay lip service to concerns about factory safety. B) retailers continue to focus on low prices. C) those auditing facilities are audited by BSCI's qualified engineers. D) the buyers and consumer are willing to pay more for garments. E) retailers do not provide funds for fire safety training.

Business

Which item below is not used to determine interest on a consumer loan?

A) Simple interest B) Discount method C) Accelerated basis D) Add-on method

Business