Answer:
The answer is B.
Explanation:
FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.
FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.
Because gross profit is high, high tax will be charged
The settlement date between the Options Clearing Corporation and a clearing member is one business from the trade date for options transactions.
What do you mean of trade?
Trade means to the exchange of goods or services between economic sectors. Though transactions are consensual, trade is generally recognize to profit both parties. In finance, trading generally means to the purchase and sale of securities or other assets.
How trade is important?
Trade is central to ending global poverty. Countries that are open to international trade tend to grow better, innovate, enhance productivity and provide higher income and more opportunities to their people. Open trade also provide lower-income households by providing consumers more affordable goods and services.
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It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
<h3>What is the purpose of
sponsorships in a firm?</h3>
sponsorships is essential for the firm because it will help them to be able to sponsor their advertisement of their brand so as to bring more profit.
In this case, It is True that one reason for the growth of sponsorships has been the need for companies to break through the clutter of advertising.
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Answer:
correct option is $750
Explanation:
solution
we know here that Net balance of opening accounts receivable is
Net balance of opening accounts receivable = $30000 - $500
Net balance of opening accounts receivable = $29500
and
Credit sales during the year is here $7500
0
and Cash payments received = 74550
so
uncollecectible account expenses = credit sales × % of sale uncollectible
so uncollecectible account expenses = $75000 × 1%
uncollecectible account expenses = $750
so correct option is $750
