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MAXImum [283]
2 years ago
10

Which cost flow assumption must be used for financial reporting if it is also used for tax reporting?.

Business
1 answer:
marysya [2.9K]2 years ago
7 0

Answer:

LIFO

Explanation:

Recognize that three cost flow assumptions (FIFO, LIFO, and averaging) are particularly popular in the United States. Understand the meaning of the LIFO conformity rule and realize that use of LIFO in the U.S. largely stems from the presence of this tax rule.

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25 points and will mark brainliest!!!
Arada [10]

Explanation:

Let x be the price of an adult ticket.

Then 0.5x is the price of a child ticket.

We have 2x + 4(0.5x) = £152, therefore 4x = £152 and x = £38.

Hence the price of an adult ticket is £38.

8 0
3 years ago
Whenever the president of the local public university promotes the institution, he emphasizes the university's price (much lower
MArishka [77]

Answer:

c. the value proposition.

Explanation:

Based on the information provided within the question It seems that the president of the local public university is positioning the institution based mainly on the value proposition. This term refers to a statement that explains to others exactly "why" they should work with you and/or do business with you. Which is what the president is doing by emphasizing the university's price and high quality, which would be alluring aspects to investors.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
What IHRM activities would be pertinent to the sending, by Médecins Sans Frontieres, of a medical team into a country such as Ba
taurus [48]

Answer:

Human resource management is responsible for strategically managing labor relations in an organization so that its goals and objectives are achieved. The HR department is responsible for providing employees with working conditions, training and ideal remuneration so that the work is carried out in a legal, fair and ethical manner, so that there is an organizational culture in the company that favors communication and interpersonal relationships.

In the case of sending an average team to a country like Bangladesh, it would be necessary for HRM to play an essential role in meeting the needs of its employees in a foreign country, considering that Bangladesh is a country with extreme conditions of poverty and social inequality, the medical team should be well prepared by HR with adequate support and training to deal with adverse conditions such as lack of social security, poverty, epidemics, and other relevant and culturally distinct issues, so that the team does not face a reality shock that makes it difficult to work and the achievement of the proposed objectives.

6 0
3 years ago
In a competitive market with free entry and exit, the process of entry and exit ends when, for the typical firm in the market,
alukav5142 [94]

Answer:

The correct answer is option a.

Explanation:

In a competitive market, there is no limitation on entry and exit, entry and exit are free. The firms in a perfectly competitive market are price takers. They have a horizontal line demand curve which also represents average revenue and marginal revenue.  

The firms will enter the market in the long run if the price or marginal revenue is greater than average total cost. The firms will be maximizing their profits if the average total cost is equal to marginal revenue and price.  

The firms will exit the industry if price and marginal revenue fall below the average total cost.

3 0
3 years ago
Elena says that 6% interest compounded semi-annually is the same as 1% interest compounded every month: she reasons they are the
Anarel [89]

Elena is not correct in the two situations.

<h3>What is the effective annual rate?</h3>

Effective annual rate is the interest rate when the effects of compounding is taken account for.  In order to determine if Elena is correct, the effective annual rate has to be calculated.

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

(1 + 0.12 / 12)^12 - 1 = 12.68%

(1 + 0.12 / 2)^2 - 1 = 12.36%

To learn more about the effective annual rate, please check: brainly.com/question/4064975

8 0
2 years ago
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