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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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Sherrie Hymes holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 0.875. Stock Investment Bet
yuradex [85]

Answer:

The portfolio’s new beta will be 1.125

Explanation:

In this question, we are interested in calculating the portfolio’s new beta given the value of the beta of the stock which is used in replacing it.

We apply a mathematical approach here.

Mathematically;

Portfolio beta=Respective beta * Respective investment weight

=(50,000/200,000*1.5)+(50,000/200,000*0.8)+(50,000/200,000*1)+(50,000/200,000*1.2)

= 0.375 + 0.2 + 0.25 + 0.3 = 1.125

8 0
3 years ago
Construction crafts are what kind of jobs?<br><br> A: Academic<br> B: Theoretical<br> C: Physical
kondaur [170]

Answer:

C. Physical

Explanation:

Hope it help

8 0
2 years ago
If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is
Marina86 [1]

Answer:

b.$1,027,500

Explanation:

First we need to find the number of bonds issued so we will divide 1,000,000 by 100 as we assume 100 is the face value. 1,000,000/100=10,000

Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.

10,000*102.75=1,027,500

6 0
3 years ago
The originate-to-distribute business model has a serious ________ problem since the mortgage broker has little incentive to make
Ira Lisetskai [31]

Answer:

Principal-agent.

Explanation:

This problem comes to play when one has to make decisions on behalf of another person.

The principal-agent problem is a conflict in priorities between a person or group and the representative authorized to act on their behalf. An agent may act in a way that is contrary to the best interests of the principal.

It can occur in any situation in which the ownership of an asset, or a principal, delegates direct control over that asset to another party, or agent.

3 0
3 years ago
Which part of the purchasing process includes the sum of money due in
nataly862011 [7]

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

3 0
3 years ago
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