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Subject:Re: First Come... From:Len Olszewski <saslpo -at- UNX -dot- SAS -dot- COM> Date:Tue, 4 May 1993 08:45:10 -0500
> If you are writing a technical document, you may want to use the term
> First In/First Out (FIFO). The term is oriented to describing arrays
> in programming. It may be of use in what you are writing.
> Chris Loris
You may or may not be interested in knowing that this term is borrowed
from accounting. It is one of two methods of costing the value of
inventory, the second being LIFO, or last-in, first out. Businesses use
LIFO when prices are continuously rising, since the higher prices of the
most recently purchases are included in the cost of goods sold, reducing
gross margin on sales and, therefore, taxable income. FIFO provides the
same result when prices are steadily falling.
Ok, you can all wake up and get back to work now. Do it quickly, before
I tell you about the moving-average method.
|Len Olszewski, Technical Writer | "The fish." |
|saslpo -at- unx -dot- sas -dot- com|Cary, NC, USA| -Salvador Dali |
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| Opinions this ludicrous are mine. Reasonable opinions will cost you.|
