Dell will not be responsible for the damage to the computer in the above case because the title transfers to the buyer once the good is delivered to a common carrier.
At the time when a company, such as Dell, sends over its product to the buyer, it changes the name to the buyer as soon as it is sent out for delivery by the common carrier.
After giving the product to the carrier, it is not the responsibility of Dell if any damage to the computer is made.
The damage to the computer will either be accountable to FedEx if it has a policy for guaranteeing the safety of the product while delivery. If not, then the buyer will be accountable for the damage. However, in any of the cases, Dell will not be responsible once it has given the product to FedEx for delivery.
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rose has preferred stock selling for 99 percent of par that pays a 9 percent annual coupon. what would be rose's component cost of preferred stock?
9.09% is the cost of preferred stock given that Rose has preferred stock selling for 99 percent of par that pays a 9 percent annual coupon.
Preferred stock is currently trading at 99% of its par value.
The preferred dividend rate is 9%.
Assume the preferred stock has a par value of $100.
As a result of this
current preferred stock price is $100 * 99% = $99
$100 * 9% = $9 Preferred dividend
Now,
Preferred dividend per share / preferred stock price per share = preferred stock cost
Preferred stock cost = $9 / $99
9.09% is the cost of preferred stock.
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at the end of the year, mercy cosmetics’ balance of allowance for uncollectible accounts is $440 (credit) before adjustment. the balance of accounts receivable is $17,000. the company estimates that 12% of accounts will not be collected over the next year.
The company estimates that 12% of accounts will not be collected over the next year is $1,600.
Bad Debt Expense = (Accounts receivable ending balance x percentage estimated as uncollectible) - existing credit balance in the allowance for doubtful accounts.
= 17,000 x 12% - 440
= 2,040 - 440
= $1,600.
A credit balance on your billing statement is a quantum that the card issuer owes you. Credits are added to your account each time you make payment. A credit might be added when you return a commodity you bought with your credit card.
A credit balance is an ending aggregate in an account, which implies either a positive or negative quantum, depending on the situation. Liability accounts similar to Accounts Payable, Notes Payable, stipend Outstanding, Interest Payable, Income levies Outstanding, client Deposits, remitted Income levies, etc.
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Will you now, or in the future, require sponsorship for employment visa status from walmart?.
This question will typically be answered “yes” by international students since you will need sponsorship to continue working after your work authorization through your student visa expires.
“Employment sponsorship” is when a corporation “sponsors” or affords a few financial or legal backing to allow an person to do some thing: most typically, achieve an employment visa.
Walmart and Sam's club are committed to complying fully with the Immigration Reform and Management Act (IRCA). Walmart and Sam's membership can provide sponsorship for work visas and legal permanent residence for sure professional or specialized management positions.
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the formula for the sum-of-the-years'-digits method is the depreciable base times the depreciation rate, which is calculated as multiple choice question. the sum-of-the-years'-digits times the previous year's depreciation expense. the number of years remaining in the asset's life divided by the number of years of depreciation recognized to date. the numbers of years remaining in the asset's life divided by the sum-of-the-years'-digits. book value times the depreciation rate per year.
The formula for the sum-of-the-years'-digits method is the depreciable base times the depreciation rate, which is calculated as the numbers of years remaining in the asset's life divided by the sum-of-the-years'-digits.
stages of the asset lifecycle
The plan, acquire, utilize, maintain, and dispose phases are the five basic phases that every asset goes through. The usage and maintenance phases take up the majority of time, but every step is crucial to ensure that you get the most out of your asset life. The percentage rate at which an asset depreciates over its anticipated useful life is known as the depreciation rate. The percentage of a corporation's long-term investment in an asset that the company claims as a tax-deductible expense throughout the asset's useful life may also be used to define it. The depreciation rate is the total amount depreciated each year, expressed as a percentage.
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What is the term used to describe politicians’ awarding jobs, offices, government contracts, and other benefits to their supporters?.
The practice of appointing or hiring someone to a government position on the basis of partisan loyalty is known as political patronage. These appointments are used by elected officials at the national, state, and local levels of government to reward those who help them win and keep office.
What were political machines primarily used for?
To gain the support necessary to win an election today, grassroots organizations served as the foundation of political machines. These "clubs," which had a lot of customers, were the main factor in getting the "straight party vote" in the election districts.
What does corruption mean historically?
American English defines graft as the dishonest use of a politician's authority for personal gain, a type of political corruption.
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the internal rate of return (irr) for a project will increase if: select one: a. the total amount of the cash inflows is reduced. b. the initial investment of the project is reduced. c. the required rate of return is reduced. d. each cash inflow is moved such that it occurs one year later than originally projected.
The internal rate of return (IRR) for a project will increase if the initial cost of the project can be reduced or we can conclude that IRR increase if initial outlay decreases.
The internal rate of return (IRR) can be described as a metric used in financial analysis to estimate the profitability of potential investments. Internal rate of return (IRR) also can be described as a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis. To calculate internal rate of return, it has same formula as NPV does.
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last year, big w company reported earnings per share of $2.50 when its stock was selling for $50.00. if its earnings this year increase by 10 percent and the p/e ratio remains constant, what will be the price of its stock? (do not round intermediate calculations. round your final answer to the nearest whole dollar amount.)
Previous Year: P/E Ratio = Market Price per Share ÷ Earnings per Share = $50.00 ÷ $2.50 = 20
Briefing:-Current Year: P/E Ratio = Market Price per Share ÷ Earnings per Share 20 = Market Price per Share ÷ ($2.50 × 1.1) 20 × $2.75 = Market Price per Share $55 = Market Price per Share.
What are assessment year and prior year?The year after the financial year, known as the assessment year, is when the previous year's income is assessed, tax is due on it, and ITRs are filed. For instance, the fiscal year 2020–21 is recognized as the period covering the period from 1 April 2020 to 31 March 2021.
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juan, a marketing manager at a company, decides to sell a product through all appropriate and willing intermediaries. based on this choice, it is clear that juan wants the product to have .
Juan, will advertise a product by using any willing and suitable middlemen. Juan obviously wants the item to have this feature because he made this selection Intensive Distribution.
In an effort to sell its goods from a small vendor to a large retailer, a corporation may use an intensive distribution marketing approach. A suitable middlemen customer can practically always find the merchandise wherever he goes. Among the examples on which intense distribution is practiced are soft drinks and cigarettes.
Under the intense distribution approach, a business might leverage every distribution channel to market its product. In addition to increasing revenue, it builds brand recognition for the product. For things like soft drinks, cigarettes, etc., this strategy is very helpful. Intensive distribution has a number of benefits. First, it expands the product's supply, which improves the likelihood that more people will buy it.
More sales equal higher revenues for the business. Another benefit is that a business can determine suitable middlemen whether local vendors or outlets of the hypermarket variety are more likely to carry a given product. The corporation can use this information to better plan out its promotional initiatives in an effort to increase sales and brand awareness.
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__________ _________ compare alternatives by determing the qualitative factors that should be included as part of the decision, assigning weights related to their importance, and then ranking different alternatives to allow comparisons.
Quantitative factors compare alternatives by determine the qualitative factors that should be included as part of the decision, assigning weights related to their importance, and then ranking different alternatives to allow comparisons.
Qualitative factors are the results of decisions that cannot be measured. Examples of qualitative factors are moral. Impact on employee morale to add a break room to the production area. Customer.
Quantitative information may involve generic empirical information (e.g., physical metrics) or monetary values (e.g., financial metrics) that indicate the magnitude of the financial effect on the reporting organization.
Quantitative data is data that expresses a certain amount, amount or range. Usually, there is a unit of measurement associated with the data, e.g., meters, in the case of a person's height. It makes sense to assign bounds to the data, and it is also meaningful to apply arithmetic operations to the data.
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a technology company decides to redesign key aspects of its products to better leverage the same components and reduce manufacturing overheads. these savings will then facilitate price reductions. what strategy is the company pursuing?
A technology company redesigns key aspects of its products to better leverage the same components and reduce its manufacturing overheads. The strategy which the company is pursuing is low-cost.
The low cost strategy is considered as a type of pricing strategy in which the technology company offers the products at low price, by deciding to redesign key aspects of its products to better leverage the same components and the reduce the product's manufacturing overheads.
So, this low-cost strategy helps in order to stimulate the demand and gain higher market share. Thus, the firm can then gain cost advantages thus by increasing their efficiency.
Hence, low-cost strategy is the company pursuing.
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the ceo of microsoft, satya nadella, issued an apology for an inflammatory statement he made at a major industry event. this is an example of:
The given scenario does not call for the use of training, role modeling, or new leaders. Therefore, option (D) Creating a sense of urgency is the correct choice.
A statement is considered incendiary if it somehow influences the listeners' opinions on a subject in an unjustified or prejudiced way. When you say or do something that's "inflammatory," you're implying that it's likely to stir strong emotions in listeners.
This is an illustration of creating a sense of urgency because offering an apology ensures promptness in order to ensure the procedure occurs successfully. Training, setting an example, and replacing leaders are not the best course of action in this particular situation.
Therefore, Option (D) is correct
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COMPLETE QUESTION:
The CEO of Microsoft, Satya Nadella, issued an apology for an inflammatory statement he made at a major industry event. This is an example of the:
a) Training
b) Role modeling
c) Changing leaders
d) Creating a sense of urgency
On october 1, 2021, perry corporation signed a 12-month, 8% interest-bearing promissory note for $10,000. Assume that all appropriate adjusting journal entries were made at 12/31. The journal entry required when the note matures on october 1, 2022 would include a debit to interest expense for.
In business when the note matures on October 1, 2022, a journal entry will be needed that includes a debit for $600 for interest expenditure.
The nation's purchase of machinery would be a journal entry, with the cash account being credited and the machinery account being debited. The day on which a borrower must make their final loan payment is referred to as the "loan maturity date." Upon receipt of such payment and completion of the Repayment Terms, the Promissory Note a record of the Original Debt is Retired.
Let's use an example where a business borrows $1,000 on September 1 with a 4% interest charge. Interest charges for the month of September will come to $40 ($1000 x 4%). The business pays the obligation in full for $500 on October 1. Interest charges for the month of October will come to $20 (500 x 4%).
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a new bookkeeper at tlc pet clinic posts transactions to ledger accounts and then journalizes and posts adjusting entries. what step of the accounting cycle did she overlook?
The TLC pet clinic's new bookkeeper journals and posts adjusting entries after posting transactions to ledger accounts. She failed to prepare a trial balance as part of the accounting cycle.
The accounting units known as ledger accounts are used to display the tallied balances of bookkeeper transactions for each category. The grouping of these ledger accounts is known as a general ledger. Assets, liabilities, equity, revenue, and expense are the five different types of ledger accounts that a firm may use.
A ledger account serves as a bookkeeper record of all transactions pertaining to a specific area of the business. The trial balance is always displayed for each ledger account.
Depending on a company's size and type, many ledger account types may be used. Small enterprises, for instance, don't use stock accounts. They instead list it under the owner's equity heading.
When using consolidated statements for its subsidiaries, a business may employ sub-ledger accounts.
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what are the three commonly used strategies or approaches for implementing changes in an organization? give an advantage and/or disadvantage for each type of approach.
Classical approach, Behavioural approach and Retrospective approach are the three types of strategies used in implementing changes in organization.
A corporation utilising a "high end" strategy is one that frequently offers extremely expensive products. Strategy is a pattern of activities across time. In other words, strategy reflects decisions to offer certain goods or services in specific markets. Perspective, or the ability to see things from many angles, is what constitutes strategy. An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organisation or organisation (Commonwealth English; see spelling variations). Functional, departmental, and matrix are three types of organisations that characterise the organisational structures utilised by the majority of businesses today. Before selecting one of them to use for their firm, owners must weigh the benefits and drawbacks of each of these forms.
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The project manager building a new underwater dolphin exhibit at city aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing?.
The complete statement is given as "The project manager building a new underwater dolphin exhibit at the city aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing the PERT technique."Option C
This is further explained below.
What is PERT technique.?Generally, The program evaluation and review approach is a statistical instrument that is used in project management.
Its purpose is to investigate and depict the activities that must be carried out in order to finish a certain project.
The full statement is presented as follows: "The project manager for the new underwater dolphin exhibit that is being constructed at the city aquarium is currently reviewing both the chronological sequence of activities that need to be completed on the project as well as the estimated time it will take to complete each activity. The PERT method is being used by him right now." Alternative C
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CQ
The project manager building a new underwater dolphin exhibit at Chicago's Shedd Aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. He is employing the
A. Gantt chart.
B. total quality management process.
C. PERT technique.
D. lean manufacturing process.
assume the following information concerning two stocks that make up an index. what is the value-weighted return for the index? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) price per share shares outstanding beginning of year end of year kirk, inc. 37,000 $ 53 $ 57 picard co. 27,000 79 84
The value-weighted return for the index is 8.54%.
What is value-weighted return?A sort of portfolio return weighting algorithm that assigns a proportion to an asset in the investment depending on its market value is referred to as value-weighted return.
According to the question, the current index value is computed as follows: -
Current Index value =
= (69*35000+122*32500)/(63*35000+113*32500)*100
= 108.54
The calculations of the value-weighted return for the index is done as follows: -
Return in percentage = (108.54 -100 )/ 100
= 8.54%
Therefore, it can be concluded that 8.54% is value-weighted return for the index.
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a company purchased $3,100 worth of merchandise. transportation costs for the buyer were an additional $270. the company returned $215 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is: multiple choice $3,045.00. $2,956.00. $3,124.00. $3,126.15. $3,155.00.
Since the initial purchase was $3,100 worth and the company returned $215 worth of merchandise, the total cost of the merchandise is $3,126.15
The total cost of the merchandise, before freight cost, can be calculated as follows:
Net merchandise cost = ( 1 - discount rate) * (Initial purchase cost - returned value)
After applying the discount, then, we need to add the freight cost.
Total merchandise cost = Net merchandise cost + freight cost
Information from the problem:
Initial purchase = $3,100
returned value = $215
discount rate = 1%
Hence,
Net merchandise cost = (1 - 0.01) * (3,100 - 215)
= 2856.15
Adding the freight cost:
Total merchandise cost = 2856.15 + 270 = 3126.15
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Compare the highest nation to the United States. How much does it save?
The keywords in your question "how much" and "save" suggests that you are looking for an economic comparison. The primary indices for comparing nations in the world is the Gross Domestic product (GDP).
Hence, the highest nation in the world (as of 2021) according to GDP ranking is said to be the United States of America. This is based on World Bank Statistics. The US is followed by China. Currently, China has about $3 trillion in total foreign exchange reserves (savings).
What is Gross Domestic Product?Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced and sold by countries in a given time period. Because of its complexity and subjectivity, this metric is frequently changed before being regarded a credible indication.
It is to be noted that Consumption, investment, government spending, exports, and imports are the components of GDP calculated using the expenditures approach.
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lone pine company has a machine that originally cost $60,000. depreciation has been recorded for four years using the straight-line method, with a $5,000 estimated salvage value at the end of an expected ten-year life. after recording depreciation at the end of four years, lone pine sells the machine. prepare the journal entry to record the machine’s sale for (round to the nearest dollar):
The cash, and accumulated depreciation equipment debited $39,000 and $22,000 respectively, while the equipment, and gain on sales of plant assets credited $60000 and $1000 respectively.
The journal entry
Description debit credit
cash 39000 0
accumulated depreciation equipment 22000 0
equipment 0 60,000
gain on sale of plant assets 0 1000
To record sale of machine
A journal entry is the process of keeping or making records of any economic or non-economic transaction. An accounting journal, which shows an industry's debit and credit balances, records transactions. The journal entry can be made up of multiple recordings, each of which can be either a debit or a credit.
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The question was incomplete. Check below the full question.
Lone pine company has a machine that originally cost $60,000. depreciation has been recorded for four years using the straight-line method, with a $5,000 estimated salvage value at the end of an expected ten-year life. after recording depreciation at the end of four years, lone pine sells the machine. prepare the journal entry to record the machine’s sale for 39000 (round to the nearest dollar).
which of the following will increase owner's equity on the statement of owner's equity? a.owner's withdrawals, net loss b.owner's investments, net income c.owner's withdrawals, net income d.owner's investments, net loss
b. Owner's investments and net income will increase owner's equity on the statement of owner's equity.
The value of the owner's equity rises when the owner or owners (in the case of a partnership) increase the amount of their capital contribution. The amount of owner's equity is also enhanced by higher profits brought about by higher sales or lower expenses.
What does the term "owners equity" mean?Owner's equity, also known as net worth, equity, or net assets, is the portion of your company that remains after deducting obligations from assets. This demonstrates the amount of capital your company has accessible for tasks like investing.
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frederick winslow taylor: a. was america’s first great ceo. b. conducted the hawthorne studies. c. wrote about new management techniques used in french factories. d. is the ""father"" of modern management thinking.
Answer:
The answer is C
Explanation:
That's the aswer
with perfect price discrimination, the marginal revenue curve group of answer choices is below the demand curve. is horizontal. is equal to the demand curve. is above the demand curve.
MR is below demand curve(AR Curve) in case of perfect price discrimination.
What is demand curve?
Demand in economics refers to a consumer's willingness to pay a particular price for goods and services as well as their desire to buy them. Demand for a good or service typically declines when its price goes up. The quantity demanded will rise when a product's price drops, in a similar manner. Consumers and businesses are indeed very familiar with the idea of demand because it makes sense and happens naturally throughout the course of almost any day. For instance, when a product's price is low, shoppers who are keeping an eye on it will buy more of it. When prices increase, such as during a change in season, consumers may buy less or even nothing at all.
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james would like to deposit enough money in a savings account to have $8,000 at the end of year 3. assuming the investment will earn 5% compounded annually, what amount should james deposit in the savings account today? round your answer to the nearest dollar.
The amount of money James should deposit in the savings account today to accumulate $8,000 at the end of 3 years using formula of compound interest will be $6,911.
Given information,
Amount = $8,000
Time period (n) = 3
Principal = P
Interest rate compounded annually = 5%
Solving using Compound Interest formula:
Amount = P (1+r) ^n
8000 = P (1+0.05) ^3
P or Principal = 8000/1.1576 = $6,911
So, James must invest $6,911 to get $8,000 in three years.
The interest earned on savings that is computed utilizing both the original principal and the accrued interest over time is referred to as compound interest. Compound interest, sometimes known as "interest on interest," stimulates the growth of an amount more rapidly than simple interest, which is solely computed on the principal.
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use the data in wage2 for this exercise. (i) estimate the model log1wage2 5 b0 1 b1educ 1 b2exper 1 b3tenure 1 b4married 1 b5black 1 b6south 1 b7urban 1 u and report the results in the usual form. holding other factors fixed, what is the approximate difference in monthly salary between blacks and nonblacks? is this difference statistically significant? (ii) add the variables exper2 and tenure2 to the equation and show that they are jointly insignificant at even the 20% level. (iii) extend the original model to allow the return to education to depend on race and test whether the return to education does depend on race. (iv) again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and nonblack, single and black, and single and nonblack. what is the estimated wage differential between married blacks and married nonblacks?
i) The result when you run a regression that there 90% probability that black people have smaller wage on 1,17 %.
ii) Analysis of Variance Table
## Response: lwage
## Df Sum Sq Mean Sq F value Pr(>F)
## edu 1 16.138 16.1377 120.9469 < 2.2e-16 ***
## exper 1 5.540 5.5400 41.5202 1.874e-10 ***
## tenure 1 4.018 4.0177 30.1111 5.268e-08 ***
## married 1 3.493 3.4935 26.1826 3.777e-07 ***
## black 1 3.888 3.8878 29.1379 8.569e-08 ***
## south 1 2.545 2.5447 19.0718 1.401e-05 ***
## urban 1 6.216 6.2164 46.5901 1.582e-11 ***
## expersq 1 0.016 0.0161 0.1204 0.72869
## tenuresq 1 0.382 0.3815 2.8592 0.09119 .
## Residuals 925 123.421 0.1334
## ---
## Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
iii) # t-value is far from the 0 which means that greater is likelihood of having an impact, the p value is less then 0,1 meaning we are rejecting the H0. The black*edu is not significant.
Coefficients:
## Estimate Std. Error t value Pr(>|t|)
## (Intercept) 5.374817 0.114703 46.859 < 2e-16 ***
## edu 0.067115 0.006428 10.442 < 2e-16 ***
## experience 0.013826 0.003191 4.333 1.63e-05 ***
iv.)
## tenure 0.011787 0.002453 4.805 1.80e-06 ***
## married 0.198908 0.039047 5.094 4.25e-07 ***
## black 0.094809 0.255399 0.371 0.710561
## south -0.089450 0.026277 -3.404 0.000692 ***
## urban 0.183852 0.026955 6.821 1.63e-11 ***
## edu:black -0.022624 0.020183 -1.121 0.262603
## ---
## Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' '
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what is the primary reason to validate and control scope? keep project schedule in check establish the scope baseline keep scope creep in check validate scope baseline
The primary reasons to to validate and control scope is to validate scope baseline.
What is the control scope in project management?This is the term that is used to define the process where there would be the formal acceptance of the project deliverables that have been completed. That is, it is the process that has to do with the formalizing of approval by showing what has been accepted by stakeholders.
This is what has been agreed upon which would then have to do with the recognition of the product and that all of the deliverables would also have to be recognized.
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all of the following can cause the investment function to shift except a. a change in productive technology. b. business expectations. c. a change in business taxes. d. a change in the rate of interest.
The investment function to shift except business expectation.
Option B is correct.
What is investment function Class 12?Investment function is the behaviour of investment irrespective to different levels of income/employment. In some other words, it's desire or willingness of producers to invests corresponding to different levels of income.
What are the components of investment function?The level of investment function is based on three factors:
(i) the investment demand of firms,
(ii) the funds available for market, and
(iii) the volume of investment goods produced.
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A ________ is a financial agreement between you and the dealership, where you agree to pay a certain price for the right to drive the car for a set period of time.
Answer: lease
Leasing a car involves signing a lease agreement, a document that outlines the terms and conditions of the leasing arrangement. This agreement should specify, among other things, the period of time you will keep the car, monthly payments you will make and mileage limits.
__________ _________ compare alternatives using branching technque based on known quantitative data, explicit knowledge and object facts to make a decision.
Quantitative and Qualitative compare alternatives using branching technque based on known quantitative data, explicit knowledge and object facts to make a decision.
In qualitative research, non-numerical data (such as text, video, or audio) are gathered and analyzed to better comprehend concepts, beliefs, or experiences. It can be applied to get comprehensive understanding of a situation or to come up with fresh research concepts. Quantitative research involves gathering and analyzing numerical data for statistical analysis.
Qualitative research does not. In fields including anthropology, sociology, education, health sciences, and history, qualitative research is frequently employed in the humanities and social sciences. To comprehend how people perceive the world, "Qualitative" research is used. Despite the fact that there are numerous techniques to qualitative research, they all share a tendency to be adaptable and a focus on preserving rich meaning when analyzing data.
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the city wants to acquire private land for a park. the city can obtain the land by paying fair value under the right of a) eminent domain. b) escheat. c) police power. d) taxation.
The city wants to acquire private land for a park. the city can obtain the land by paying fair value under the right of eminent domain. Typically, the "fair market value" the determines valuation in eminent domain cases.
The United States government, states, and municipalities have the authority to seize private property for public use after providing just compensation. This is not just an American idea; it is a behavior's that takes place in many other nations under various names. It might not seem fair to the property owners, and eminent domain cases are rather common, particularly when the owner feels they are not appropriately rewarded.
The value of a piece of property, including the value of the land and any improvements made to it, is known as its land value. It is not to be confused with site value, which is the fair market worth of the land in the absence of liens, mortgages, rentals, or other factors that might otherwise alter the property's value.
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Which inventory valuation method assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods for most businesses?.
The FIFO inventory valuation method assigns a value to the inventory on the balance sheet that approximates current cost and also mimics the actual flow of goods for most businesses.
The FIFO technique of inventory valuation makes the assumption that you will sell your first things after adding them to your inventory. According to the FIFO inventory valuation, any goods still in possession at the end of the accounting period should be valued at the price at which it was most recently purchased.
First in, first out (FIFO) inventory management aims to value inventory to reduce the likelihood that the company would suffer a loss when things go bad or become obsolete. Inventory valuation is a process in accounting that businesses use to determine the value of unsold inventory stock when they are producing their financial accounts.
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