Answer:
$459
Explanation:
Computation of the given data are as follows:
Tax rate = 30%
Income before taxes (FIFO method) = $21,330
So, tax amount = $21,330 × 30%
= $6,399
Income before taxes (LIFO method) = $19,800
So, tax amount = $19,800 × 30%
= $5,940
So, we can calculate the difference in taxes by using following formula:
Difference in Tax = $6,399 - $5,940
= $459
Depreciating Assets could be anything you own that is losing its value. It could be in the form of stocks, valuables, a car, a house.
A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
<h3>What is differentiation?</h3>
This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.
Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
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The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
<h3>What is Monopolistic Competition?</h3>
In Monopolistic competition, there are many producers and consumers in the marketplace and all firms have a degree of market control.
The difference between monopolistic competition and pure competition is that monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
Therefore, C is the correct option.
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