Answer:
$60,000 income tax benefit
Explanation:
Since Crimson Corp. had a loss from operations and sold the asset for a loss we know that they lost money with the asset and an income tax benefit was generated. To calculate the income tax benefit we need to add both losses: $40,000 (operation) + $160,000 (sale) = $200,000 in total losses.
$200,000 x 30% = $60,000 income tax benefit
FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.
Answer:
ok... thank you for the information
Answer: 22,000.
Explanation: 105,000-83,000 Is 22,000
Answer:
The correct answer is Core Competency.
Explanation:
Core competencies are the strengths that define an organization. They provide the basis from which the company will grow, take advantage of new opportunities and offer value to customers. The core competencies of a company are not easily replicated by other organizations, whether they are existing competitors or new entries in their brand.
A company can have more than one basic competence. Basic competencies, which are sometimes called core capabilities or distinctive competencies, help create a sustained competitive advantage for organizations.
The concept of identifying and nurturing core competencies to drive competitive advantages and future growth applies to companies in all sectors.