Answer:
$339
Explanation:
Computation of the given data are as follows:
Income before tax in FIFO = $15,730
Tax rate = 30%
So, the Tax amount for FIFO = $15,730 × 30%
= $4,719
And, Income before tax in LIFO = $14,600
Tax rate = 30%
So, the Tax amount for LIFO = $14,600 × 30%
= $4,380
So, the difference in tax amount = Tax amount for FIFO - Tax amount for LIFO
= $4,719 - $4,380
= $339
1) Trump wants to create a wall between the USA and Mexico, whereas Obama doesn't.
I hope this helps! :)
Answer:
Cyclical unemployment
Explanation:
Caused by a recession, which is a period of negative economic growth. It can also be caused by downturns in a business cycle which demands for goods and services that decreases over time.
Answer:
C. make an economic profit
Explanation:
Demand increase means the shifting of the demand curve to the right. At the same quantity new price will be higher than old price.
Regardless of whether a firm choose to produce more phones (if marginal cost increases more than marginal revenue they may choose not to) they can earn more revenue at the same quantity produced and make an economic profit.
Answer:
Accounting treatment (debit credit rules) of given entries
Explanation:
- Purchased office furniture on account Account
Furniture ie Asset increase - Debit , Creditor (Furniture Supplier) ie Liability increase - Credit
- Provided services on account
Debtor ie Asset increase - Debit , Sale ie Income increase - Credit
Prepaid Expense (Rent) ie Asset Increase - Debit. Rent paid now implies later rent ie (Expense) decrease - Credit
