The Popularity of Cruising Resulted from the Following Reasons Except

question 16

Multiple Choice

The popularity of cruising resulted from the following reasons except:

• A) the United States' change in immigration policies.
• B) the increasing popularity of air travel.
• C) the new attractions that Europe came to hold for the Americans after the world wars.
• D) stimulation by airplanes.

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Definitions:

Beginning Inventory

The value of a company’s inventory at the start of an accounting period, carried over from the end of the previous period.

Periodic Inventory System

An accounting method where inventory and cost of goods sold are determined at the end of a period through a physical count.

FIFO Inventory

A method of inventory valuation where the first items produced or acquired are the first ones sold, FIFO stands for "First In, First Out."

Cost of Goods Sold

The total cost of all raw materials, labor, and overhead expenses incurred to produced goods that were sold during a particular period.