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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)
Houses of six persons J, K, L, M, N and O are situated in two rows of three houses each sitting opposite to each other. M's house is diagonally opposite...
Who sits second to the right of Z?
Six persons D, E, F, G, H and I sit in a straight row facing north. I sits third to the right of H. D sits immediate left of G. G sits third to the lef...
Which of the following is correct?
Who among the following likes Purple?
A-W, B-X, C-Y and D-Z are four married couples. In a restaurant they are sitting around a rectangular table, with three persons along each of the longer...
Which of the following statement is true?
I) V sits second to the left of the one who uses Samsung
II) T sits immediate right of R
III) R uses Asus
Eight people are sitting around a circular table on a wooden table. R is sitting between M and B. B is sitting third to the right of P. A sits between P...
Who among the following person sit immediate right of T?
Who sits third to the left of the person who faces I?
