Due to the greatest cost of goods sold, the LIFO (Last In Last Out) technique displays the lowest net profitability. Compared to the other techniques of inventory valuation, the cost of goods sold for the LIFO approach is the greatest.
<h3>Which technique of inventory valuation will result in the lowest net profit?</h3>
The application of LIFO will produce the lowest net income and the greatest estimated cost of goods sold among the three options during periods of inflation.
<h3>Which method of inventory has the lowest income tax rate?</h3>
LIFO is the inventory cost flow method that yields the lowest income tax liability. A form of inventory cost flow mechanism called last-in-first-out (LIFO) operates under the presumption that the last item acquired will be the first item to be sold.
<h3>In an era of inflation, which inventory method results in the lowest income tax?</h3>
Due to increasing COGS, LIFO leads to reduced net income (and taxes). However, under LIFO during inflation, there are fewer inventory write-downs. Results from average cost are in the middle of FIFO and LIFO.
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<span>Which of the following answers correctly defines the principal for a mortgage? The amount of money borrowed. The principal in a mortgage is defined as the amount of money you actually borrowed from the lender to purchase the home. The interest is defined as the amount of money the lender is charging overtime when you pay off the principal. </span>
Answer:
A
Explanation:
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Laws are put in place by an existing form of government, in the United States, a democracy, which means that the majority of representatives elected by the majority of the people compose the laws. Ethics are more of a moral dilemma, and often contribute to lawmakers decision. It's the idea of what is best (laws) vs. what is right (ethics).
Answer:
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Explanation: