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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.
Statements:
All beards are nails. Some nails are rings.
All rings are pendants.
Conclusions:
I. All rings can never be n...
The sentence below has a word in which the letters are jumbled up. Rearrange the letters of that word, written in capital letters, to form the correct w...
Select the correct mirror image of the given figure when the mirror is placed at MN as shown below.
A number has been denoted to each of the given letters. Select the option from the following four possible arrangements of these numbers that forms a me...
Statements: Some lipsticks are foundation. All foundation is brown. Some brown are highlighters.
Conclusion I: Some lipsticks are brown.
...If ' G ÷ N × D + M – S ', then how is 'N' related to 'S'?
This question consists of a pair of words which have a certain relationship to each other. Select the pair from the options which has the same relations...
Which two signs should be interchanged to make the following equation correct?
14 × 5 – 56 ÷ 7 + 35 = 43
In a certain code language, 'DAM’ is coded as '50' and 'PAD' is coded as '47'.
How will 'MAP' be coded in that language?
If A = 26 and T = 7, then AUTHENTIC = ?