Last-in, first-out

Definition:

Is an inventory cost flow whereby the last goods purchased are assumed to be the first goods sold so that the ending inventory consists of the first goods purchased.

Related terms:

Alternative Minimum Tax

Useful articles:

»	Managing Manager Performance
»	Using the Right Currency
»	Four Keys to Clearer Communication
»	Bringing Technical Presentations to Life

Amortization

Calculate monthly mortgage payments quickly and easily. Displays an Amortization Table.

Group Work

This calculator will tell you how long it would take two people to complete the task

Lease

This calculator is designed to help you work out monthly lease repayments

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Customer Servces

Six Cardinal Rules of Customer Service

Over a lively lunch discussion with Vern Mallinen, the Circulation/Marketing Director of the Denver Post, we talked about the level of service in today's workplace.

He wanted to know &... [ more... ]

Marketing

Are You a Value-Able Sales Rep

When was the last time you purchased anything and money was no object? Why are we surprised or get defensive when customers ask for a lower price? Is the price of your product worth the quality and... [ more... ]

Marketing

Prescription Before Diagnosis--Collaborative Selling

The world of business has changed and continues to change dramatically and rapidly. Markets have grown from local to national to global. Technology no longer offers a competitive advantage, and cus... [ more... ]