Inventory Costing Method

Assume you own a restaurant, what inventory costing method below would you prefer and why? Also include a discussion as to whether the costing method you would use for your accounting records would follow the actual flow of your inventory.

Sample Solution

The Most Densly Populated City in the World

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dhaka trafficThe world has a colossal number of inquisitive, intriguing, stunning, or in any case noteworthy spots to see. Huge megalopolises, for example, Tokyo or Shanghai, tropic heavens, for example, the Bora-Bora islands, incredibly differentiating urban communities, for example, Mexico City and Delhi—every one of these spots are dynamite in their own particular manners. Be that as it may, there is a city on Earth that most likely outperforms all other human-occupied territories as far as an incredibly low personal satisfaction. This city is called Dhaka, and an individual who coincidentally (and it is hard to envision that somebody would go there deliberately) comes to it will always remember what it brings to the table to a guest.

Its old name is “Dacca” and it is the biggest city in Bangladesh, and its capital, situated in the geographic focus of the nation, in the delta of the Ganges and Brahmaputra streams. Because of such an area, Dhaka is one of the world’s primary rice and jute-developing districts, since these yields become plentifully here. These societies additionally characterize Dhaka’s predominant ventures, which are materials and nourishment handling. Dhaka is celebrated with its tremendous measure of Muslim mosques (more than 700 mosques and notable structures identified with Islamic culture. The city was brought up in the tenth century, and for a century, it was the capital of the Bengal realm—during the period between years 1608 and 1704. Afterward, it filled in as an exchanging station for British, Dutch, and French merchants, and in 1765 it became Great Britain’s province. During the Bangladesh Independence war, the city was nearly destroyed, however reproduced quite a long while later, and in 1982 its name was changed from “Dacca” to “Dhaka” (Virtual Bangladesh).

The most noticeable reality about Dhaka (aside from its contamination rates, yet this will be talked about later) is the thickness of its populace and the pace of its development. As indicated by the World Bank, Dhaka’s present populace is more than 15 million individuals; during a time of 15 years, somewhere in the range of 1990 and 2005, Dhaka’s populace multiplied from 6 to 12 million, making it the world’s quickest developing city. During the period somewhere in the range of 2001 and 2011, Dhaka’s urban territory and close by country conditions expanded in populace by 5 million individuals. There are practically zero urban communities on the planet that would develop as quickly as Dhaka has; maybe, just Karachi, Jakarta, and Shanghai can contrast and this city regarding populace (RISE). As the United Nations Organization predicts, by 2025, Dhaka, alongside such megalopolises as Mexico City, Shanghai, and New York, will have in excess of 20 million individuals; maybe the main city that will have the option to beat Dhaka right now Tokyo, with in excess of 35 million individuals anticipated to possess it in just eight years. The reasons remaining behind Dhaka’s quick rambling are mass movement, exchange, and high paces of birth. Simultaneously, most of this populace carries on with an actual existence that couple of would begrudge; the Bangladesh Center for Advanced Studies reports that in any event half of Dhaka’s occupants live in ghettos, hand-fabricated at every possible opportunity: along the railroads, on the waterway banks, and by and large talking, on each free real estate parcel. Urban geographer Nazrul Islam calls Dhaka “the megacity of poor people,” and gauges that the outright dominant part (about 70%) of families living in Dhaka get under $170 every month; 40% of these families get $80 or even less (CBS News).

Alongside overpopulation, Dhaka encounters extreme issues with water, air, and soil contamination. Every single imaginable classification of condition contamination records are “extremely high” in Dhaka. See with your own eyes. The general contamination list is 95.91 focuses. Its air contamination file approaches 85.80 focuses. Water contamination on this scale is 82.64; clamor and light contamination lists are high, rising to 75.78 focuses. The contamination of drinking water and its unavailability has remained Dhaka’s serious issue for quite a long time; the list of this sort of contamination is 65.54 focuses. Disappointment with the low measure of trees and stops in the city, just as the difficulty to invest quality energy in it, cause the particular list to be assessed at “high” too—around 84.7 focuses. The city is very filthy (83.11 focuses), and the low nature of waste disposal (81.08 focuses) doesn’t add to the issue’s answer. Simultaneously, the files of immaculateness and neatness are totally situated in “low” and “low” segments: by and large, the record of in general tidiness is around 19.6 focuses. As it very well may be seen, living in Dhaka isn’t just entangled because of financial reasons, yet in addition perilous for wellbeing because of shocking environment.

Dhaka is one of the most thickly populated megalopolises on the planet, with maybe the most noteworthy paces of populace development. In any case, this doesn’t make Dhaka a urban heaven, or possibly a spot where individuals can live and work regularly. Truth be told, most of Dhaka’s occupants live on under $170 every month, in ghettos, and in a domain that is vigorously contaminated: air, soil, and water right now truly unusable. “The megacity of poor people,” Dhaka needs to take care of its issues quick, in any case this colossal urban beast will in all probability breakdown in the up and coming decades.