In a period of falling prices, a firm reporting under LIFO compared to reporting under 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 COGS. Because of this, the firm reports a higher gross profit margin (Gross Profit/sales) under LIFO than under FIFO, while LIFO inventory will be higher and inventory turnover lower.
Two pipes A and B can fill a tank in 12 min., and 16 min, respectively. If both the pipes are opened simultaneously, after how much time A should be clo...
Pipe Q and Pipe R together can fill a tank in 25 minutes. With Pipe S, all three pipes can fill the tank in 30 minutes. Pipe Q and Pipe T together can f...
Two inlet pipes M and N alone can fill a tank in 12 hours and 15 hours respectively and an outlet pipe P alone can empty the whole tank in 10 hours. Fir...
Pipe A can fill a tank in 45 minutes while pipe B can fill it in ____ minutes. There’s a leak in the tank which can empty it in _____minutes. When bot...
Pipe ‘A’ can fill a tank in 20 hours while pipe ‘B’ takes 30 hours to empty it. Pipe ‘A’ is opened alone when the tank was empty and after 1...
Pipes ‘A’ and ‘B’ can fill a tank in 6 hours and 9 hours, respectively. If pipe ‘C’ is opened along with pipes ‘A’ and ‘B’, then the...
Pipe ‘A’ can fill a tank in 20 hours while pipe ‘B’ can empty it in 30 hours. They were operated on alternate hours starting with pipe ‘A’. ...
Pipe ‘A’ can fill a tank in 25 hours while pipe ‘B’ can empty it in 30 hours. They were operated on alternate hours starting with pipe ‘A’. ...
A cistern has two pipes one can fill it with water in 24 hours and other can empty it in 9 hours. In how many hours will the cistern be emptied if both ...
Pipe ‘A’ can fill a tank in 20 hours while pipe ‘B’ can empty it in 40 hours. They were operated on alternate hours starting with pipe ‘A’. ...
