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Lynna [10]
2 years ago
8

Turn company utilizes the lifo inventory method to calculate taxable income. which method is available to turn for financial rep

orting purposes?
Business
1 answer:
aleksley [76]2 years ago
4 0

Turn company utilizes the LIFO inventory method to calculate taxable income. The method which is available to turn for financial reporting purposes is FIFO.

The Turn Company is a project management company which focuses on the year round oversight and execution of property turn and make ready contract services.

The Turn Company utilizes the LIFO inventory method in order to calculate taxable income. For most companies, FIFO (“First-In, First-Out”) method is the most logical choice since they use their oldest inventory first in the production of goods.

Suppose your inventory costs are going down, FIFO will allow you to claim a higher average cost per piece on newer inventory, which can help you save money on taxes.  

Hence, the Turn company utilizes FIFO for financial reporting.

To learn more about LIFO and FIFO here:

brainly.com/question/15344569

#SPJ4

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Which of the following is true of a good survey about a particular industry
prohojiy [21]

The answer is: D. it has a broad sample, including people who know nothing about the industry.

Any industry consist of three players. The producers, the consumers, and the regulators. Consumers are the one that made the most purchase for the industry and can influence it, but they tend to know nothing or very little with the industry, which is why such sample is needed.

6 0
3 years ago
HELP ME PLEASE I WILL GIVE BRAINLIEST!!!
Sav [38]

Answer:

I beleive this one would be a bit of a matter of opinion when it comes down to it, but personally I would call it a bit unethical.

Explanation:

Escpecially when it comes to something like medication, it feels unethical to be advertising yourself as the only brand that will work. In my mind unique selling proposition would be focusing on what differentiates your product from others (example, my product can provide 48 hour vs other brands that only offer 24 hour) Simply stating their brand is the only solution feels unethical and does not provide ample evidence of this claim to customers in my opinion. I don't think it would be considered illegal, but in my mind its tiptoeing the line of ethics.

3 0
3 years ago
According to the video, what are some decisions that Architects make? Select four options.
Elza [17]

The decisions that Architects make include:

  • how much money a building will be worth when finished.
  • how people will feel when they enter or leave a building.
  • where to put doors, walls, and windows.
  • what building materials to use.

<h3>Who is an architect?</h3>

It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.

In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.

Learn more about architect on:

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3 0
2 years ago
At the end of its first month of operations, Michael's Consulting Services reported net income of $29,200. They also had account
artcher [175]

Answer:

$34,900

Explanation:

The computation of the ending balance in the Owner's Capital account is shown below:

= Net income + investment

= $29,200 + $5,700

= $34,900

The another method is

Stockholder equity = Total assets - total liabilities

where,

Total assets = Cash + Office supplies + accounts receivable

                    = $20,800 + $2,700 + $11,400

                    = $34,900

And, the total liabilities is zero

Now put these values to the above formula  

So, the value would equal to

= $34,900 - $0

= $34,900

5 0
3 years ago
A coffee shop is what kind of reatailing distribution channel?
Keith_Richards [23]

The answer is I believe direct-to-consumers

7 0
4 years ago
Read 2 more answers
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