Answer:
Tax in FIFO method= 0.3*8,740=2,622
Tax in LIFO method= 0.3*8,100= 2,430
Difference- 2,622-2,430=192
Using the FIFO method will result in $192 more in tax than the LIFO method
Explanation:
Answer:
The answer is <u>84% of the wage earners earn less than $14,000 each.</u>
Explanation:
This would make the most sense in the buissness area.
<span>1.41
The quick ratio is the sum of assets that can be quickly liquidated divided by the liabilities. In this case, the assets are the cash of $316 and the accounts payable of $709. The inventory doesn't count since it can't be quickly converted to liquid assets. The liabilities are the accounts payable of $709. So let's do the math.
(316 + 687)/709 = 1003/709 = 1.41
So the result is 1.41</span>
Answer: the number of failing banks.
Explanation:
The Savings and Loan Crisis lasted from the 1980s to the 1990s and saw the failure of 1,043 Savings and Loan associations (S&Ls). These small "banks" accept deposits and use them to create loans for their members.
The problem with these S&Ls was that they were making losses on the loans they gave out and instead of getting out of business, they engaged in speculative trading to offset their gains and lost even more money leading to the government closing them down.
Answer:
A subsequent expenditure for an asset increases the future benefits of the asset if it extends the asset's useful life.
