Answer:
We expect that the Pfizer has revealed $100 Million as benefit before charge utilizing LIFO strategy for bookkeeping.
After difference in stock valuation from LIFO to FIFO benefit before expense would be $115 Million. Increment in stock will diminish cost of merchandise sold and consequently benefit will increment to that surviving.
We have expected before announced benefit $100 Million
Include: Reduction in cost of merchandise sold $15 Million
Modified benefit $115 Million
Core advantage of the FIFO over LIFO is that the stock get esteemed shutting to current rate. In LIFO edges are get lower because of utilization of old costs. Under LIFO stock detailed at lower esteem coming about lower revealing of benefit. This defects in stock valuation get amended in FIFO technique for valuation.
Under FIFO stock record is lower when contrasted with LIFO.
Answer: $6,000
Explanation:
As per IRS deduction rules in 2020, the maximum deductible IRA contribution for a person who does not participate in an employer-sponsored plan is $6,000.
That is therefore the maximum deductible that William can make in this scenario.
Answer:
Option A is the correct one.
$500000 sec 1245 ordinary income and $300000 sec 1231 gain
Explanation:
The total gain is $800000
800000-(500000-500000)
Of the total $800000 gain, $500000 gain will be treated as recapture of the depreciation taken under section 1245 and the remaining $500000 is traested as gain under section 1231 as the depreciatble property is used in business for more than 1 year
.
Answer: Option A
Explanation: In simple words, backward induction refers to the process under which an individual starts analyzing a performance from the end results and go backward to the steps to determine where actually the actions went wrong.
This technique is generally used for analyzing complex subjects which requires high technology or knowledge. It helps the individuals to determine what actions should be rectified in future so that same problems would not occur again.
In the given case, Elly is willing to analyze the whole subject by starting right from the results. Hence we can conclude that she is using backward induction.
Answer:
C. are unchanged; is unchanged
Explanation:
When the US purchases oil from Saudi Arabia its imports increases and hence Net export falls. However, when Saudi Arabia purchases transportation service US export rises by the equivalent amount. Hence the Net exports are unchanged.
Since there are no capital flow, it is also unchanged.
