Buffalo company began operations on january 1, 2015, and uses the average-cost method of pricing inventory. management is contemplating a change in inventory methods for 2018. the following information is available for the years 2015–2017.net income computed using average-cost method fifo method lifo method2015 $16,080 $18,980 $11,9402016 17,980 20,800 14,0202017 19,920 24,890 17,050(a) prepare the journal entry necessary to record a change from the average cost method to the fifo method in 2018.

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.