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1:30
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Think Econ
👉 Find Equilibrium in Under 90 Seconds | Think Econ
Learn how to calculate equilibrium price and quantity in under 90 seconds — the fastest way to understand one of the most important concepts in AP Microeconomics! This short breaks it down step-by-step so you can master supply and demand intersections without confusion or overcomplication. Perfect for students, teachers, or anyone brushing up ...
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1 month ago
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#FIFO and LIFO accounting FIFO and LIFO Explained
Replying to @i in intro accounting class we learn three inventory cost flow assumptions (specific identification tracks each item and is therefore not an assumption): FIFO (first-in first-out), LIFO (last-in first-out), and average cost. We use these to compute our cost of goods sold. Even though perpetual inventory systems are much more common for large companies, I illustrate these cost flow assumptions using a periodic system. #accounting #study #explained #inventory #lifo #fifo #averagecost
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