Answer:
Explanation:
check the file attached for full explanation
Answer:
The difference in tax to be paid between the two methods is $455
Explanation:
In this question, we are asked to calculate the difference in tax for the LIFO and FIFO method.
The matter of importance here is that the tax rate is 35%. We proceed as follows:
For the FIFO income, the tax rate is 35% of 8,600 = 35/100 * 8600 = $3010
For the LIFO method, the tax rate is 35% of $7,300 = 35/100 * 7,300 = $2,555
The difference in tax that would be paid between the two methods is 3010-2555 = $455
Answer:
D) Establish the mission, vision, and values statements
Explanation:
A mission statement is a short written description of what is the purpose of your company, or why does it exist. The mission statement usually includes the company's capabilities, what unsatisfied needs will the company satisfy, and activities will be carried out to satisfy their customers' needs.
The mission statement is the cause (before) and the vision statement is the effect (after). The vision statement should describe the long term goals that your company should accomplish. It serves as a guide to where you want to be in the future.
The value statements should describe how Jordan values his own business (including employees), his customers (including the community) and his suppliers. The values statements serve as a guide on how Jordan and his employees should behave within the business.
Answer:
There are several perks or troubles that Costco business faces.
Explanation:
The first of these perks is the intense competition from other large retailers like Walmart, Target, or Best Buy. While Costco does have a niche: it tends to sell higher quality poducts for a slightly higher price, the competition is nevertheless stiff because that niche does not apply for all product lines that are sold.
The second perk is also competition, from online retailers, especially Amazon, which is larger than any traditional retailer, but also from a myriad of smaller retailers that emerge constantly in the online market, since the internet provides very few barriers to entry for new competitors.
Finally, the third peak is consumer preferences, and that is because consumers are constantly changing their tastes and preferences, especially in developed countries like the U.S. This means that Costco has to constantly adapt to new product lines, and discard other lines.
Answer:
From this description, it can be inferred that Fantastic Flavors uses a(n) Team-based new-product developmen approach
Explanation:
Team-based new-product development is an approach to developing new products in which company departments work closely together in cross-functional teams, overlapping the steps in the product development process to save time and increase effectiveness
