The primary reason for the popularity of lifo is that it gives: -better matching of physical flow and cost flow.-a lower income tax obligation when inventory costs are rising.-simplified recordkeeping.-a simpler method to apply

answer; radioactive decay)

lives by a moral and ethical code

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.