1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
4 years ago
8

The cost method that will yield the highest taxable income during times of inflation is the a.weighted average inventory cost me

thod. b.FIFO inventory cost method. c.specific identification inventory cost method. d.LIFO inventory cost method.
Business
1 answer:
vichka [17]4 years ago
8 0

Answer:

The answer is B.

Explanation:

FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.

FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.

Because gross profit is high, high tax will be charged

You might be interested in
The manager is responsible for knowing the food sanitation rules this includes the supervision of food handlers in
Talja [164]
Yes the manager needs food handlers
3 0
3 years ago
Ima, Boyd, and their fellow employees at Endrun work on an assembly line and do not have a specialized skill. If they are succes
ANEK [815]

Answer:

An industrial union

Explanation:

Industrial unionism is a labour union organizing method through which all workers in the same industry are organized into the same union, regardless of skill or trade, that is it combines all workers, both skilled and unskilled, who are employed in a particular industry thus giving workers in one industry, or in all industries, more leverage in bargaining and in strike situations.

4 0
3 years ago
Suppose the firm has a fixed cost of $20,000 in preparing equipment prior to doing its first exploration. if each successful exp
dusya [7]
<span>The total cost will vary depending what combination of explorations are successful and what are unsuccessful. The lowest cost would be if all explorations were unsuccessful and the highest cost would be if all of them are successful. In this scenario, the lowest cost would be $170,000 and the highest cost would be $320,000. Every other combination of success and failure would result in costs between those two numbers.</span>
8 0
3 years ago
For the following items, specify whether information would be found in the balance sheet, the income statement, the statement of
VikaD [51]

1. Amount of bond liability  balance sheet

2. Description of bond liability. Footnotes

3. Interest rates associated with bond issuances. Balance sheet

4. Interest paid for the period. Profit and Loss Account

5. Maturity dates associated with bond issuances. Balance sheet.

6. Cash interest paid during the period. cash flow statement.

A balance sheet (also known as a balance sheet or management report) is a personal summary of the organization's financial balance. commercial entity.

Assets, liabilities, and equity are listed as of a specific date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." of the four basic degrees.

learn more about the balance sheet here;  brainly.com/question/1113933

#SPJ4

5 0
2 years ago
When comparing a letter of credit and a banker's acceptance for financing international business transactions, a letter of credi
Arturiano [62]

Answer:

The answer is A.

Explanation:

A letter of credit is a promise given by an issuing bank at the request of its customer in which the bank promises to pay the beneficiary the states amount within a specified period of time. It has three elements – the beneficiary/seller, the buyer/applicant and the issuing bank.

While A banker's acceptance is a short term instrument given by a bank that obligates itself to make a payment at a later date. It is like a post-dated check.

6 0
3 years ago
Other questions:
  • Copa Cabana Corporation is considering the purchase of a new machine costing $30,000. The machine would generate net cash inflow
    6·1 answer
  • When considering a balanced scorecard that depicts a company from a(n) _____ perspective, the critical HR indicators are employe
    13·1 answer
  • Robert and pam get a $175,000 mortgage for 30 years at a fixed rate of 6.75%. their monthly payment amount is $1,135.05. what wi
    6·1 answer
  • Most recent work on the history of leisure In Europe has been based on the central hypothesis of a fundamental discontinuity bet
    10·1 answer
  • A summer camp that offers one-week programs faces the challenges of long queues as parents try to check in their children each S
    8·1 answer
  • Firelight Company manufactures candles. The standard direct materials quantity required to produce one large candle is one pound
    8·1 answer
  • Fill in the missing amounts in the balance sheet after the following transactions. You start with $2,500 in cash and in owner's
    5·1 answer
  • Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
    11·1 answer
  • Suppose you are a T-shirt producer in a market without price controls. You are charging a price that is below the equilibrium pr
    6·1 answer
  • What are the roles of agriculture is to maximize the production in the agricultural sector ? ​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!