Period of increasing prices

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Reference no: EM13737021

Post a 75-100 word response to each of the following bulletted questions:

In a period of increasing prices, why would the company tax accountant prefer the last in, first out method while the CEO would prefer first in, first out? Why is this important?
Which inventory method should a gasoline retailer use? (a) LIFO, (b) FIFO, (c) Average, or (d) any method that its management chooses.
Which method of inventory they would choose to use if they were: CEO of a company just going public or CEO or a company short on cash?
What are the key internal controls that should be in place to protect inventory for a merchandiser that sells highly-desirable and expensive inventory such as jewelry?
Would this be different if the business had a less-desirable and less-expensive inventory?
Without persuasive skills, we wouldn't be able to bring someone with an opposing view over to our way of thinking. What do you think?
Have you been faced with something that you did not want, yet were persuaded into accepting it in the end?
Embrace the changes that are inevitably coming your way and you'll discover they can be full of opportunity and potential for greatness in yourself. What do you think?
What makes a point valid?
Do you think you are easily persuaded?
Without persuasive skills, we wouldn't be able to bring someone with an opposing view over to our way of thinking. What do you think?

Reference no: EM13737021

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