Smashing Pumpkins Co. uses the LCM method, on an individual-item basis, in pricing its inventory items. The inventory at Dec. 31
, 2014, costs of products D, E, F, and G. Relevant per-unit data for these products appear below: D E F G Estimated Selling Price $120 $110 $95 $90 Cost 75 80 80 80 Replacement Cost 120 72 70 30 Estimated Selling Expense 30 30 30 25 Normal Profit 20 20 20 20 Instructions: Using the LCM rule, determine the proper unit value for balance sheet reporting purposes at Dec. 31, 2104, for each of the inventory items. g
1 answer:
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Answer:
cutting taxes by $125 billion
Explanation:
given data
economy = 0.8
expenditure gap = $100 billion
to find out
cutting taxes
solution
we get here cutting or reduce taxes that is express as
cutting taxes = ......................... 1
cutting taxes =
solve we get cutting taxes
cutting taxes = $125 billion
so cutting taxes by $125 billion