Mc qu. 90 which of the following statements of the following statements is most accurate? multiple choicein process costing, estimating the degree of completion of units is usually more accurate for conversion costs than for direct materials. the fifo method includes the cost of the beginning work in process inventory account in calculating cost per equivalent units. the fifo method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning work in process inventory. the fifo method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period. it is not possible for there to be a significant difference between the cost of completed units between the weighted average and the fifo methods.

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.