The best (most accurate) way to set your advertising budget is to use Objective-task method. group of answer choices percentage of sales objective
Businesses that determine advertising costs using the target and task technique distribute the marketing budget in accordance with predetermined objectives task. To employ this strategy, a business must first specify the goals for advertising as well as the approaches and techniques needed to reach these goals. The company must also evaluate the costs linked to these strategies and techniques. If there are no financial constraints, a business can create its marketing budget by looking at each aim or objective and the tasks required to achieve them. The difficulty of accurately estimating the advertising costs required to achieve the goals is a major challenge with this method.
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What should you consider to make a goal clear and concise?.
Should consider to Make goal clear and concise is Specific
In the absence of this, you won't be able to concentrate your efforts or feel genuinely inspired to do it.
They ought to be time-based, relevant, specific, measurable, and attainable. Set short-term goal and long-term objectives for yourself and your team, with an emphasis on the latter for the next three to five years. Setting goals can help you create new habits, concentrate your attention, and maintain your momentum in life. Two further advantages of having objectives are a feeling of power over oneself and alignment of focus. In the end, you can't measure what you can't manage, and you can't improve what you can't manage correctly.
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juliette formed a new business to sell sporting goods this year. the business opened its doors to customers on june 1. determine the amount of start-up costs juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios:
The amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: She incurred start-up costs of $63,000.
What is expenditure?The main difference between expenses and expenditure is that expenses record the consumption of expenses whereas expenditure represent the expenditure of funds. Expenditure are generally recognized when the related sale is recognized or when the related item is no longer in use. Not all costs are expenses. Examples of expenses include rent, utilities, and salaries. Expenses generate revenue and keep the business running day-to-day. Investments help increase the value of your company in the long run.Household grocery spending is defined as grocery purchases from grocery stores and other grocery stores where the ultimate purchaser is the consumer. Out-of-home catering costs include meals and snacks provided by commercial food service establishments.To learn more about expenditures from the given link :
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our clandestine radio station, which broadcasts from east prussia to russia, made a great noise. it operates on behalf of trotsky and urges stalin to react.
Typically, a clandestine radio station has the same audio as any other radio station. Even though a clandestine station may appear to be "legitimate," its activities are "extralegal" and dishonest.
Shortwave radio station UVB-76 popularly referred to as "The Buzzer," transmits on a frequency of 4625 kHz. It broadcasts a brief, repetitive buzz tone that repeats 24 hours a day at a rate of about 25 tones per minute.
Trotsky and Stalin were Bolshevik-Leninist allies during the Russian Revolution and Russian Civil War, but they fell out in the 1920s and later contested the legitimacy of one another's versions of Leninism.
Trotsky and Stalin received criticism. Comrade Stalin now has unrestricted power concentrated in his hands as Secretary-General, but I'm not sure if he'll ever be able to exercise that power responsibly.
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Which of the following is a factor in choosing a location?
Group of answer choices:
A. Environmental Issues
B. Seven wastes
C. Price break point
D. Process integration
Options A., B. and D. Environmental issues, seven wastes, and process integration are all factors in choosing a location. Price break point is not a factor in choosing a location.
Which of the following is a factor in choosing a location?A. Environmental IssuesB. Seven wastesD. Process integrationWhen choosing a location for a business, there are many factors to consider. Environmental issues, seven wastes, and process integration are all important factors.
Environmental issues are important to consider because they can impact the business in a number of ways. Seven wastes can also impact the business, and process integration can make the business more efficient.Price break point is not a factor in choosing a location. The price of the location is not as important as the other factors.
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what are the components of total quality management (tqm)? (choose every correct answer.)multiple select question.
The component of the total quality management (TQM) includes:
Emphasize continuous improvementIncorporate bench-markingUse customer and employee feedbackInvolve every employee.What does total quality management means?The total quality management is the management section involved in continual process of detecting, reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience and as well as ensuring that employees are up to speed with training.
In all, the total quality management aims to hold all parties involved in the production process accountable for the overall quality of the final product or service.
Full question "Which of the following are components of total quality management? Emphasize continuous improvement, Incorporate bench-marking, Use customer and employee feedback, Involve every employee".
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if abc company determines its cost per unit for july's production is $28.75 and it produced 12,600 units, abc's total manufacturing costs (direct materials, direct labor, and manufacturing overhead) incurred in jully is $
Cost per unit = $28.75
Number of units produced = 12,600 units
= 12,600*$28.75 = 362,250
Total manufacturing costs = 362,250
A product's manufacturing cost is the total price of all the resources used to create it. Direct material costs, direct labor costs, and manufacturing overhead make up the three areas that make up the cost of production. It affects the whole shipping cost.
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exercise 20.15 (static) estimating semivariable costs (lo20-9) dinklemyer corporation uses direct labor hours as its single cost driver. actual overhead costs and actual direct labor hours for the first five months of the current year are as follows. month actual total overhead actual direct labor hours january $ 975,000 19,250 february 950,000 18,400 march 860,000 17,000 april 700,000 12,375 may 760,000 13,200 a. compute the company's estimated variable manufacturing overhead cost per direct labor hour. b. estimate the company's total monthly fixed manufacturing overhead cost. c. estimate the company's total manufacturing overhead for june through august if 40,000 total direct labor hours are budgeted for that specific three-month period.
a. The company's estimated variable manufacturing overhead cost per direct labor hour is calculated to be $40 per hour b. The total monthly fixed manufacturing overhead cost is $205,000 c. The company's total manufacturing overhead for June through August = $2,215,000
(a) The company's estimated variable manufacturing overhead cost per direct labor hour can be calculated as follows;
Difference between highest and lowest overhead = January overhead - April overhead = $975,000 - $700,000 = $275,000
Difference between highest and lowest Direct Labor Hours = January Direct Labor Hours - April Direct Labor Hours = 19,250 - 12,375 = 6,875
Therefore, we have;
Estimated variable manufacturing overhead cost per direct labor hour = Difference between highest and lowest overhead ÷ Difference between highest and lowest Direct Labor Hours
Estimated variable manufacturing overhead cost per direct labor hour = $275,000 / 6,875 = $40 per hour
(b) The total monthly fixed manufacturing overhead cost can be calculated as follows;
Total monthly fixed manufacturing overhead cost = Highest overhead - [Estimated variable manufacturing overhead cost per direct labor hour × Highest direct labor]
Total monthly fixed manufacturing overhead cost = $975,000 - [$40 × 19,250] = $205,000
(c) The company's total manufacturing overhead for June through August can be determined as follows;
Total manufacturing overhead for June through August = (The total monthly fixed manufacturing overhead cost × The number of months from June to August) + (The estimated variable manufacturing overhead cost per direct labor hour × Budgeted direct labor hours)
Total manufacturing overhead for June through August = ($205,000 * 3) + ($40 * 40,000) = $2,215,000
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Without the addition of sales tax, how much did our black friday shopping trip cost?.
Our Black Friday shopping trip included sales tax. This Black Friday, shoppers spent a remarkable $9.12 billion online, where mobile devices accounted for 48% of all Black Friday digital sales.
The official start of the holiday shopping season is Black Friday, which is predicted to result in a tiny to break-even rise in yearly sales. This year, customers are expected to spend an average of $743 over the Thanksgiving weekend, which combines Black Friday and Cyber Monday. It typically marks the start of the holiday shopping season in the United States. Many merchants offer their widely advertised sales on a regular basis and at significantly reduced prices.
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business products are classified into two categories. large, expensive items with long life spans are called products, and; smaller, less expensive items with short life spans are called products. group of answer choices
Business products are classified into two categories. Large, expensive items with long life spans are called capital products, and smaller, less expensive items with short life spans are called expense products. A business products are mainly classified into two categories which includes:
Industrial productsconsumer products.What are Consumer products?The consumer products can be broken down into three categories which are:
shopping - high-involvementspecialty products - customers know the exact brand/item they want.convenience products - purchased routinely and are low-involvement.What are Industrial goods?An Industrial goods can be broken down into six groups which includes:
raw materialscomponent materialsprocess materialsmajor equipmentaccessory equipmentconsumable supplies.Read more about business products
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what is the cost of equity after recapitalization ? what is the wacc? what are the implications for the firm's capital structure decision?
After recapitalization, the cost of equity is 12.59%.
What is the wacc?
The return that investors and lenders anticipate receiving in exchange for their capital investments in a firm is shown by the weighted average cost of capital (WACC). A company's WACC, for instance, is 15% if shareholders want a 20% return and lenders demand a 10% return.What are the implications for the firm's capital structure decision?
This method asserts that the choice of the capital structure affects the firm's worth. The weighted average cost of capital (WACC) will decrease as financial leverage rises, but the firm's value and the market price of common shares will rise.What effects does capital structure theory have?
The choice of the company's capital structure primarily affects how debt and equity are used to finance the business. The cost of capital is decreased by an effective mix of capital. Increased net economic returns lead to higher company value, which is eventually achieved through lowering the cost of capital.To know more about recapitalization, checkout this link:
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Compare the assumptions Theory X makes about employees with those of Theory Y. How do these different assumptions influence management styles? explain?
Theory X assumes that employees are lazy and will not work unless they are forced to, while Theory Y assumes that employees are willing to work and are motivated by the work itself.
These different assumptions influence management styles because Theory X managers are more likely to use a coercive style of management, while Theory Y managers are more likely to use a participative style of management.
The Different Assumptions of Theory X and Theory YTheory X and Theory Y are two different management theories that make different assumptions about employees. Theory X assumes that employees are lazy and will not work unless they are forced to, while Theory Y assumes that employees are willing to work and are motivated by the work itself. These different assumptions influence management styles because Theory X managers are more likely to use a coercive style of management, while Theory Y managers are more likely to use a participative style of management.
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which strategy should be adopted for successfully providing effective customer service over the telephone
Successfully providing effective customer service over the telephone. Businesses strive to respond to complaints as quickly as possible in an effort to decrease negative rumours and word-of-mouth.
A customer complaint reveals a problem, regardless matter whether it is with one of your staff, a product, or internal procedures. By directly hearing from your customers about these issues, you can look into them and make adjustments to lower complaints moving forward.Individually, each service costs $40. making money off of $2,000.The corporation is unable to bundle the services into a deal under $60 because doing so would result in losses.We can directly charge $70 for both to take as much as we can, but at $60 only people who value landlines that much will be willing to pay for them. This will only result in $1000 of profit (100 person *). (0 revenue - 60 cost).We should charge separately because the combo offer was incorrect. Therefore, $40 each subscriber leaves us with 200 customers (100 internet and 100 landlines), of which profit is $10, giving us a total of $2,000 in revenue.
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research that a marketer collects from existing sources that relates to a current marketing effort is called
Research that a marketer collects from existing sources that relates to a current marketing effort is called Primary research.
Primary research is a methodology that researchers use to gather data directly as opposed to relying on data gathered from previously completed research. They "own" the data technically. Only when a specific issue necessitates in-depth analysis is primary research conducted.
There are two types of study:
both primary and secondary researchBusinesses and organizations have two options for conducting primary research: either they can do it themselves or hire a third party to do it for them. Primary research has the major benefit of being "pinpointed"; it is conducted with a single focus on a single issue or problem and all efforts are made to find relevant solutions.
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if a company would still have a cash flow item even if they rejected potential new project a, should this particular cash flow item be included in project a's cash flow analysis? group of answer choices yes no maybe, it depends on the situation
If a company would still have a cash flow item even if they rejected potential new project a, should this particular cash flow item be included in project a's cash flow analysis: B. No.
What is cash flow?Cash flow can be defined as the movement of cash in and out of an organization or the inflow or out flow of cash.
Cash inflows tend to have effect on items that appear on the income statement such as dividends amount that are received from investments. Based on the given information the cash flow item should not be included in project a's cash flow analysis.
Therefore the correct option is b.
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What is the adjustment period of an adjustable rate loan ?.
The term "adjustment period" refers to the interval between rate increases. For instance, a loan with a 1-year adjustment period is referred to as a 1-year ARM,
How long may an adjustable-rate mortgage be adjusted for?The maximum amount that the interest rate may rise overall during the loan's term is specified by this limit. The cap is usually set at 5%, which means that the rate can never be raised by more than that amount.
Although six months to three years can be used, the most typical rate adjustment time is one year. The monthly mortgage payment is modified periodically to reflect changes in the index, just as the interest rate on the loan is modified frequently to reflect changes in the index.
A home loan with a variable interest rate is known as an adjustable-rate mortgage (ARM). The starting interest rate on an ARM is set for a specific amount of time. Following then, the interest rate charged on the unpaid balance resets sporadically, sometimes on a monthly basis.\
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adam repairs power lines for the egret utilities company. he is generally working on a power line during the lunch hour. he must eat when and where he can and still get his work done. he usually purchases something at a convenience store and eats in his truck. egret reimburses adam for the cost of his meals.
Adam repairs power lines for the egret utility company. he is generally working on a power line during the lunch hour. Adam must include the reimbursement in his gross income.
Software businesses offer herbal gas, energy, water, sewage, and different simple requirements for both residential and business properties. while many organizations in the utility zone make an income, they are typically heavily regulated by using the public government.
Power community operators can let you know who your energy supplier is. Use the energy community affiliation seek tool to discover your community operator by means of postcode. Then contact the community operator for your supplier information.
Florida's strength and the mild agency have the very best range of customers of any main electric application in the united states. It served about 5.2 million customers in 2021. Southern California Edison agency came in 2d.
A utility seek is a carrier that locates any buried utilities on a proposed website consisting of electricity cables, gasoline pipes, water mains, fiber-optic cables, and sewers. the search will provide precise information on the vicinity and unique sort of utilities that might be buried underground on a production site.
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creditors that allow consumers to shop for settlement services providers must comply with all of the following requirement except
Consummation is the step when the consumer become contractually obligated to the creditor.
What exactly does Trid compliance mean?Some people refer to the TILA RESPA Integrated Disclosure rule by the acronym "TRID." This regulation, which is a component of our Know Before You Owe Mortgage effort, is also known as the mortgage disclosure rule. Study up on Know Before You Owe.
What types of transactions are not subject to the Trid rule?mortgages that reverse. mortgages backed by a mobile home or other non-fixed structure. Second mortgage with no interest designed to help with down payments, improve energy efficiency, or prevent foreclosure. loans provided by a creditor who completes no more than five mortgages annually.
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floating-rate debt is advantageous to investors because the interest rate moves up if market rates rise. since floating-rate debt shifts price risk to companies, it offers no advantages to corporate issuers.
Floating-rate funds are appealing when interest rates are rising since the amount paid to investors fluctuates based on the state of the market.
What is floating rate debt?A floating interest rate suggests that the interest rate is susceptible to change every three months. Your loan's interest rate will be tied to the base rate established by the RBI based on a number of economic variables.A floating-rate fund makes an investment in bonds or other debt instruments with variable interest rates. Corporate bonds and bank loans to businesses are both examples of floating-rate financing. Sometimes these loans are bundled and put into a fund for investors.Any debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the instrument's life is said to have a floating interest rate, also known as a variable or adjustable rate.
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Whenever alimony and child support payments are both required as the result of a divorce decree and the full payment is not made, child support is always considered to have been paid first.
Choose one answer.
a. False b. True
It is true that child support is always seen as having been paid first.
Explain about the child support payments?Child support is the amount that the noncustodial parent is obligated to give the custodian. The parents use this money to help cover the child's essential living costs, including things like food, clothes, shelter, medical care, and education.
The Guidelines are based on an Income Shares model, which calculates child support obligations in terms of dollars based on the sum of the parents' combined annual gross income and the number of children for whom the child support order is being issued or modified.
Each parent will pay a percentage of the total child support obligation based on their respective adjusted gross incomes. The entire amount of child support due is multiplied by the percentage of each parent's combined adjusted gross income that goes toward paying child support, resulting in the obligation of each parent.
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a key member clause is a clause in a recording contract that binds key members to all terms of the contract individually as well as as members of the group.
A key member clause is a clause in a recording contract that binds key members to all terms of the contract individually as well as members of the group are True.
A record deal is a legal agreement between a record label and a recording artist, where the artist records a record for the label to sell and promote it. A recording contract is a legal agreement between a recording artist and a record label under which the artist makes a song album or record to be promoted and sold by the label.
Signed artists are usually only permitted to record exclusively for their label and may receive royalties from a portion of the sales. Sound recordings are copyrighted by the creator of the recording. But this need not be a human author in the usual sense. Under English law, the creator of a sound recording is the producer a legal term usually referred to as the record company that paid for the recording.
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which step in the personal selling process can be skipped by salespeople who already have an established relationship with a customer?
Generating and qualifying leads is the step in the personal selling process that can be skipped by salespeople who already have an established relationship with a customer.
What is generating and qualifying leads?Lead qualifying requires lead generation since you must first attract potential customers in order to select the best ones. Both inbound and outbound techniques may be utilized to successfully finish this phase once you have decided what qualities to search for in a lead.
A qualified lead is a potential customer who has been identified by the marketing department, assessed by the sales department, and who meets the criteria for an ideal client with the intention to purchase. To have a healthy sales pipeline, leads must be qualified properly.
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on january 1, abc, inc., issued $100,000 of 10%, 5-year bonds, for $92,280. interest is due semiannually. when abc records the first interest payment, which will be greater the debit to interest expense or the credit to cash?
The debit to Interest Expense will be greater because the market rate is greater than the stated interest rate.
What Is an Interest Expense?In finance, an interest expense refers to the cost incurred by an entity for borrowed funds. It is a non-operating expense shown on the income statement which also represents interest payable on any borrowings—bonds, loans, convertible debt etc.
An interest expense is mostly a debit because the expenses are always debited in accounting. A debits increase the balance of the interest expense account while a credits usually belong to the interest payable account. That shows that expenses are only credited when you need to adjust, reduce or close the account.
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suppose a change in banking regulations has increased credit card availability. as a result, the demand for money decreases and that creates an excess supply of supply that causes the value of money to rise.
The majority of loan types see an increase in interest rates charged by banks. Due to the higher cost, potential borrowers become less likely to borrow money. As a result of less spending, there may be less of a demand for goods and less inflation.
When there is more supply, what happens to demand?
The equilibrium price will fall if there is an increase in supply and everything else stays the same;Demand for more will rise.The equilibrium price will rise if there is less supply;Demand for quantity will decrease.
When there is more money available and less demand for it, there will be?
The demand for money will rise as the interest rate decreases.The story will come to an end when it reaches the same level as the new money supply because there will no longer be any difference between the amount of money that people have and the amount that they wish to have.The interest rate is lowered as a result of an increase in the money supply, and in this way.
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To validate the model on the validation set, Mary calibrates the output of the model to examining all possible outcomes of the prediction (true positive, true negative, false positive, false negative). One way is to use a cutoff value and use functions such as the ifelse () function. These statements are called
These statements are called programming.
Programming is the procedure of making a hard and fast of commands that tell a laptop a way to carry out a challenge. Programming can be finished using a spread of pc programming languages, together with JavaScript, Python, and C++.
Programming calls for amazing know-how of programming competencies and proper software program development equipment to manipulate them in a higher way.
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Answer:confusion matrix
Explanation:
in the accompanying graph, place point a along the portion of the lratc curve where a firm experiences economies of scale point b along the portion of the lratc curve where a firm experiences constant returns to scale point c along the portion of the lratc curve where a firm experiences diseconomies of scale
When a firm's output increases and its long-run total costs decrease, a firm is experiencing economies of scale.
When a firm's output increases and its long-run total costs remain constant, a firm is experiencing constant returns to scale.
When a firm's output increases and its long-run total costs increase, a firm is experiencing diseconomies of scale.
In sum, economies of scale refer to a state of affairs where longer-term average value decreases because the company's output increases. One prominent instance of economies of scale happens in the chemical enterprise.
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there are many reasons that population increase has slowed in high-income nations. which of the following is not one of them?
a. increased mortality rates
not one of the reasons that population increase has slowed in high-income nations.
According to the results of our instrumental variable regressions, countries' income growth has a significant positive impact on population growth: a one percentage point increase in GDP per capita growth over a ten-year period boosts a country's population growth by roughly 0.1 percentage points.
The Committee for Development reviews the LDC list, which includes 46 countries at the moment, every three years. Particularly in the areas of trade and development assistance, LDCs have exclusive access to some international support measures.
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Jeannie started a new business on june 7, 2021. She incurred $68,000 in start-up costs. She will deduct the maximum allowed on her first tax return and then amortize the remainder. What amount will she deduct as a start-up expense for the current year?.
In the current year the amount that Jeannie would have to deduct as a startup expense is going to be $5000.
What is a startup expense?Any expense incurred when launching a new business is considered a startup cost. Equipment, incorporation fees, insurance, taxes, and payroll will all be part of the startup costs. Despite the fact that startup expenses will vary depending on your industry and business type, an expense that applies to one firm might not to another.
The tax authorities permit a claim on deduction on expenses up to $5,000 for an individual starting corporation. As a result, the remaining $63,000 will be amortized over the following 180 months, or 15 years.
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we have to accept or reject a large shipment of items. for quality control purposes, we collect a sample of 200 items and find 24 defective items in it. (a) construct a 96% confidence interval for the proportion of defective items in the whole shipment.
A 95% confidence for the population proportion of defective items in the whole shipment is [0.075, 0.165] .
Construct a 96% confidence interval for the proportion of defective items in the whole shipment ?We are given that for quality control purposes, we collect a sample of 200 items and find 24 defective items.
Firstly, the pivotal quantity for finding the confidence interval for the population proportion is given by;
P.Q. = ~ N(0,1)
where, = sample proportion of defective items = = 0.12
n = sample of items = 200
p = population proportion of defective items
Here for constructing a 95% confidence interval we have used a One-sample z-test statistics for proportions.
So, 95% confidence interval for the population proportion, p is ;
P(-1.96 < N(0,1) < 1.96) = 0.95 {As the critical value of z at 2.5% level
significance are -1.96 & 1.96}
P(-1.96 < < 1.96) = 0.95
P( < < ) = 0.95
P( < p < ) = 0.95
95% confidence interval for
p = [0.075, 0.165]
Therefore, a 95% confidence for the population proportion of defective items in the whole shipment is [0.075, 0.165] .
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A 95% confidence interval for the population proportion of defective items in the whole shipment is [0.075, 0.165] .
Construct a 96% confidence interval for the proportion of defective items in the whole shipment ?We are given that for quality control purposes, we collect a sample of 200 items and find 24 defective items.
Firstly, the pivotal quantity for finding the confidence interval for the population proportion is given by- P.Q. = ~ N(0,1)
where, = sample proportion of defective items = = 0.12
n = sample of items = 200
p = population proportion of defective items
Here for constructing a 95% confidence interval we have used a One-sample z-test statistics for proportions.
So, 95% confidence interval for the population proportion, p is ;
P(-1.96 < N(0,1) < 1.96) = 0.95 {As the critical value of z at 2.5% level
Significance are -1.96 & 1.96}
P(-1.96 < < 1.96) = 0.95
P( < < ) = 0.95
P( < p < ) = 0.95
95% confidence interval for
p = [0.075, 0.165]
Therefore, a 95% confidence for the population proportion of defective items in the whole shipment is [0.075, 0.165].
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what is the purpose of technical analysis, and why are those who use technical analysis referred to as chartists?
Technical analysis is the study of the supply and demand for investments based on previous price and volume transaction data. Technical analysts, often known as chartists, hold that it is feasible to predict when a change in market value from one equilibrium situation to another would begin to occur.
What is technical analysis & What are types of technical analysis?Technical analysis is the study of previous price and volume data on the market. Technical analysts seek to forecast future market behavior by utilizing knowledge from quantitative analysis, behavioral economics, and market psychology.
For instance, a trader would begin by examining the performance of a security on a daily chart. If it's daily performance is bullish, the trader may then look at its hourly chart to determine the best time to buy the stock.
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which inventory costing method uses the newest cost for cost of goods sold on the income statement and the oldest cost for inventory on the balance sheet? multiple choice question. lifo specific identification weighted average fifo
FIFO can be used as inventory costing method uses the newest cost for cost of goods sold on the income statement and the oldest cost for inventory on the balance sheet.
Inventory is the term used to describe the goods and materials that a business maintains on hand with the goal to sell, produce, or use them. Identifying the location and format of stored goods is the basic goal of inventory management. Going beyond the regular and scheduled process of producing and stocking commodities at multiple locations inside a plant or at various sites of a supply network is essential.
The definition of inventory, stock, or work in progress has been widened to include "all work within the process of production - all work that is or has occurred prior to the completion of production," as well as "service businesses and projects."
Hence the correct option is C.
The above question is incomplete, the complete question is-
Which inventory costing method assumes that the inventory's cost flow out in the same order the goods are received?
a. LIFO
b. Weighted average
c. FIFO
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