Examlex
Everything else held constant,in the market for reserves,when the federal funds rate is 3%,lowering the discount rate from 5% to 4%
LIFO
"Last In, First Out," an inventory valuation method where the last items added to inventory are considered sold first.
Retail Inventory Method
An accounting method used by retailers to estimate their ending inventory balances by applying a cost-to-retail price ratio to the retail value of the inventory.
Cost-to-retail Ratio
A method used to estimate the value of ending inventory based on the ratio of the cost of goods available for sale to the retail price of those goods.
Ending Inventory
The worth of products ready for sale at the close of an accounting cycle, determined by adding the initial inventory and purchases, then subtracting the cost of goods sold.
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