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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Answer: Abdominal Regions. right (1) and left (3) hypochondriac regions – on either side of the epigastric region. Contains the diaphragm, some of the kidneys, right side of the liver, the spleen and part of the pancreas
Explanation:
Answer: Economic cost = $175,000
Accounting cost = $100,000
Explanation: The difference between economic cost and accounting coast is economic cost takes into consideration the next best alternative foregone, that is, opportunity cost whereas accounting cost only sums cost incurred. In the given case the interest on savings and salary of job is the opportunity cost of Jill.
Therefore,
Economic cost = $5000 + $70,000 + $80,000 + $40,000 - $20,000=$175,000
Accounting cost = $80,000 + $20,000 = $100,000
Answer:
$115,714
Explanation:
If the partnership's assets were $540,000, and if we assume that there are no liabilities, then:
Nina's capital account should have been 3/10 x $540,000 = $162,000
Pinta's capital account should have been 2/10 x $540,000 = $108,000
Santa Maria's capital account should have been 5/10 x $540,000 = $270,000
If they decided to pay Nina only $135,000 for her partnership stake, then the remaining partnership's assets were $405,000. This means that the partnership's capital account should be divided as follows:
Pinta's capital account should have been 2/7 x $405,000 = $115,714
Santa Maria's capital account should have been 5/7 x $405,000 = $289,286