A Foreign Subsidiary Uses the First-In First-Out Inventory Method

question 67

Multiple Choice

A foreign subsidiary uses the first-in first-out inventory method. The following inventory balances are given at December 31, 2021 in local currency units (LCU) : The following exchange rates are given for 2021: Compute the December 31, 2021, inventory balance using the current rate method.

• A) $454,400.
• B) $457,600.
• C) $596,400.
• D) $419,000.
• E) $321,000.

Describe the effect of group presence on individual behavior including performance enhancement and inhibition.

Explain the phenomenon of deindividuation and how it affects individual and group behavior.

Recognize the factors that influence the occurrence of group polarization.

Understand the role of anonymity and self-awareness in influencing social behavior and accountability.

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Definitions:

Center

In geometry, the central point of a circle or sphere, equidistant from all points on the perimeter or surface; in other contexts, it refers to a focal point or main area of activity.

Point

A location in space, often defined by its coordinates in a given dimension.

Center

The midpoint of a geometric shape or object, or the average position of all the points in the shape.

Radius

The distance from the center of a circle to any point on its circumference, or from the center of a sphere to any point on its surface.