Question
In a period of rising prices and stable inventory
quantities, which of the following best describes the effect on gross profit of using LIFO as compared to FIFO?Solution
Compared to FIFO, Cost of goods sold under LIFO will be higher because the most recent higher costs units are assumed to be the first units sold. Higher COGS under LIFO will result in lower gross profit (revenue – cost of goods sold)
Cut or excised leaves remain green for long if induced to root or dipped in_____
Calculate the real value of seed if the germination and purity percentage of seed is 80 and 100 respectively?
The double zero type variety belongs to:
Panama wilt in banana is caused by
In symbiotic relationship between plant and bacteria
Roughages contain > ___% Crude fibre and < _____% TDN.
Tristeza is the viral disease of citrus which is particularly transmitted by which of the following:
Farming which is done in area receiving rainfall less then 750 mm annually
Grain moisture content(%) for storage of pulse should be in the range of
The disorder which occurs due to high temperature and high relative humidity and it is the major problem in North India in which juice vessels dries up....
Relevant for Exams:
