Swing Ltd Uses FIFO for Its Inventory,which Is Valued at $21

question 33

Multiple Choice

Swing Ltd uses FIFO for its inventory,which is valued at $21 000.It is considering a change to moving weighted average,which would change the valuation of inventory to $22 500.Which of the following would be decreased by the change?

• A) cost of goods sold
• B) sales
• C) liabilities
• D) retained profits.

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Definitions:

High Potential

Individuals within an organization identified as having the capability to hold leadership positions and contribute significantly to its success in the future.

Employee Cloning

refers to the practice of hiring individuals who closely resemble the company's existing employees in terms of skills, attitudes, or demographic characteristics, often criticized for limiting diversity.

Internal Sources

Internal Sources refer to the methods or strategies within an organization used to fulfill its needs, including hiring, funding, or gathering information.

Recruitment Package

A collection of benefits, including salary, perks, and other incentives, offered to potential employees as a part of the hiring process.