FIFO method :
Amount of Net Ducome GA per F1 Fo
Net Income (After Tan) $2144 mule
Add Income Tan Changed
(2144 X 100/70) X 30%. 76 $918.857 rude
$3062.857 nis
Add Closing Inventory Incrare as bei FIFO 293
Lesso Open Deventory Ducres asper FIFO (290 nulls)
Income before Taxes 3065.857 null
Income Taxes 30 y. (919.757 null)
Net Income 2146. to Pullen
FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about FIFO at
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<span>The statement that indicates Tina’s company is a partnership is the statement that is written in letter D. Which is he has a 30% share in Trisha's business. In a business partnership, it is essential for the businessmen to have financial shares. It is the answer for it clearly shows that there is a business partnership between the two.
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Answer:
Wendy sues her employer to recover the $10,000 bonus, the likely result will be that Wendy will lose the case.
Explanation:
Wendy had the highest total dollar value of sales for all salesperson in the company in the first quater, then Wendy's boss said he will pay Wendy a $10,000 bonus on Wendy's next paycheck based on the first quarter sales but Wendy did not receive any bonus when her next paycheck was due. If Wendy decides to sue the company she will lose the case and the $10,000 bonus will not be given to her because she did not consider the total work done since the chances of her receiving the bonus depends on the first quater sales made.
Its a document that describes the process or result of a technical <span />
The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income.
