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Alla [95]
3 years ago
13

During 2018, WW Inc. reduced its LIFO eligible inventory quantities due to a problem with its major supplier. The effect of this

liquidation was to increase its cost of goods sold by approximately $50 million. WW has a 40% income tax rate. If WW had not experienced these supplier problems and the resulting liquidation
A.Its 2018 Net Income would have been $30 million lower b/c inventory purchase prices were rising.

B.It`s 2018, Net income would have been $30 million lower b/c inventory purchase prices were declining.

C its 2018,Net income would have been $30 million higher because inventory purchase prices were rising.

D.its 2018, Net income would have been $30 million higher b/c inventory purchase prices were declining.
Business
1 answer:
BlackZzzverrR [31]3 years ago
8 0

Answer:

The correct answer is

D.its 2018, Net income would have been $30 million higher b/c inventory purchase prices were declining.

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Consumers create a demand for something by
zlopas [31]

The answer is a. buying it.  When people buy goods then it creates a demand and when that demands lead to more production to meet those demands.  The more the demand for a product or service, the value for it goes up.

4 0
4 years ago
Joy's Java Café needs $4,000 cash per day for customer transactions. Joy has a choice between going to the bank first thing on M
mezya [45]

Answer:

$600

Explanation:

Given:

Total number of week = 50 Trip

Each trip cost = $3

Number of working days in a week = 5

After 10% Inflation rate number of trip = 50 (one day in a week = 1 x 50 weeks )

Calculation:

Without inflation Trip = 50 trip x 5 Days

                                   = 250 trip

After Inflation = 250 - 50 Trips

                       = 200 Trips

Total cost = 200 x 3$

                 = $600

8 0
3 years ago
When Padgett Properties LLC, was formed, Nova contributed land (value of $367,500 and basis of $91,875) and $183,750 cash, and O
VMariaS [17]

Answer:

a)$367,500  b)$91,875 c)Nova will report a loss of $25* and Oscar's gain will be $91850.

Explanation:

a ) Land will be recorded for section 704(b) book capital purposes = Fair market value = $367,500

Padgett also record the land at $367,500

 

b)Padgett's tax basis will will bwe same as that of Nova, i.e., $91,875

c)If Padgett sells the land several years later the built in basis of $91,875 will be taxed to Nova only.

so the gain of (551,200-367,500) 183700 divided in two equal parts of 91850 each.

but Nova will report a loss of $25* and Oscar's gain will be $91850.

* The built in tax inherent in contributed property will eventually be taxed to the contributor.

3 0
4 years ago
You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 27% mar
GrogVix [38]

Answer:

The most you can pay for the pitcher is $17.32

Explanation:

A mark up is a percentage that is always applied on the cost to come up at a required gain over cost. The cost is always taken to be 100% when apply a mark up on cost.

If the mark up is of 27% and cost is 100% then a selling price of 22 will be equal to cost + markup.

Let cost be x.

Selling price = Cost + Mark up

22 = 100% * x + 27% * x

22 = 1x + 0.27x

22 = 1.27 x

22/1.27 = x

x = $17.3228 rounded off to $17.32

7 0
4 years ago
A customer has come to your department with an urgent question. You promised her that you would collect information about her qu
slamgirl [31]

Answer: ask for permission to arrive about 12:15 in the afternoon to the meeting and reply the customer question first.

Explanation:

Most of the actions taken inside a company are directed to customers' satisfaction, they are an important part of all business, so they have to be a priority. In this case, the worker can explain to the supervisor the urgent necessity of replying to the customer and the previous promise that has done of replying by noon. The supervisor may understand the important situation and summarize for the worker the 10 first minutes of the meeting; in this way the worker won't miss the meeting and will keep his commitment with the customer.

3 0
3 years ago
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