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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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You notice your voices have risen as the conflict has escalated. You lower your voice and attempt to answer moderately. "Do you
BigorU [14]

The best is to ask Julia to sit down and discuss with her the issue by asking her to support her ideas (first option).

<h3>What is this conflict about?</h3>

In this situation, you are having an argument with an employee or colleague and this argumentseems to have got out of control.

<h3>What should you do?</h3>

Instead of continuing arguing, calm down and ask Julia to do the same. Then sit down with Julia, acknowledge her contribution to the company but ask her to better support her ideas.

Learn more about conflicts in brainly.com/question/12832202

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3 0
2 years ago
Friends, a convenience store, has recently begun to redesign and restock its stores to offer a more upscale environment with hig
maksim [4K]

Answer:

E. Positioning

Explanation:

Positioning deals with what organizations should do in order to sell its product and services to consumers. Positioning indicates an organization's product or service place in the mind of consumers. It is aimed at putting the product or services in the mind of the consumers. By redesigning and restocking the store to offer lre upscale environment with higher quality product, Friends had changed its positioning.

5 0
4 years ago
This case discusses the case of India and the potential impact of the new government's reforms on the future of India. The case
Maurinko [17]

Some of the factors that show that India has lots of promise to shine among the emerging market economies are;

  • India's substantial manufacturing growth, business-friendly reforms, infrastructure development, and political stability make the country the most notable developing market for investors to invest in.

<h3>What are some of the factors that are preventing India from achieving its full potential?</h3>

India would not be able to grow its economy or develop sustainably until gender and economic disparity are reduced. According to a recent United Nations Development Fund assessment, India trails behind several of its South Asian neighbors on the human development index (HDI), mostly due to inequities.

<h3>Why was China able to achieve such economic growth more easily than India?</h3>

While economic reforms may account for some of the differences, China outpaced India because:

(1) the economy was privatized sooner;

(2) prices were released sooner;

(3) the labor market underwent much deeper reforms; and

(4) the economy was opened up to international trade and foreign direct investment (FDI) sooner.

Learn more about India's economy:

brainly.com/question/16352684
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8 0
2 years ago
Billy's Goat Coats has a preferred share issue outstanding with a current price of $38.89. The firm last paid a dividend on the
blondinia [14]

Answer:

option (c) 9%

Explanation:

Data provided in the question:

current price of outstanding shares = $38.89

Last Dividend paid = $3.50

Marginal tax rate = 34%

Now,

cost of preferred equity = Dividend ÷ Price per share

thus,

cost of preferred equity = $3.50 ÷ $38.89

or

cost of preferred equity = 0.0899

or

cost of preferred equity = 0.0899 × 100%

= 8.99% ≈ 9%

Hence,

The correct answer is option (c) 9%

5 0
3 years ago
Southern Pride Industries would like its Alabama Division to sell 30000 units to its Arkansas Division for a price of $39. The A
mina [271]

Answer:

The minimum transfer price that the Alabama Division should accept is $60 per unit.

Explanation:

The division providing the goods internally often has the opportunity to sell these same goods externally instead and so the minimum they will be willing to charge another division is cost plus their profit margin (i.e. the minimum they would normally charge an external customer).

the minimum price to be charged is :

Variable cost per unit = $24

Fixed Cost per unit = $15

Total Cost per unit = $39 and the profit margin when added makes its selling price to be equal to $60 (i.e. the price which is to be charged from outside customers).

Alabama Division will cover its minimum opportunity cost i.e. its sales price to the external customers which it will charge from Arkansas division .

Minimum transfer price = $60 per unit.

Therefore, The minimum transfer price that the Alabama Division should accept is $60 per unit.

7 0
4 years ago
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