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]
3 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]3 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
Suppose that a pharmaceutical company wants to grow in size but is constrained in the short run by its production capacity. What
maks197457 [2]

Answer:

hi

Explanation:

7 0
3 years ago
According to the textbook, in which medium do advertisers spend the most money in
alexandr1967 [171]

Answer:

TV.

Explanation:

Advertising is understood to be any manifestation made by a company or seller in a public mass media, aimed at convincing individuals to consume the product that it produces and sells. Thus, all companies seek to capture market portions through the marketing of their products, where they make them known and generate expectations and needs in potential clients.

Nowadays, and since the 90's, the main advertising medium is television. Prior to this, radio, newspapers and magazines were at the forefront of advertising, until TV became a massive and common element in all American homes. Thus, companies guarantee their presence in every home by investing in television advertising.

Even so, in the near future it is estimated that it will be the internet where companies begin to advertise on a larger scale, given the displacement that this service is having over television.

7 0
3 years ago
Reasons for unequal distribution of income in developing countries​
Colt1911 [192]

Answer:

the answer is because it would never be equal

Explanation:

6 0
3 years ago
Read 2 more answers
"A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person in
34kurt

Answer:

The correct word for the blank space is: Ordinal.

Explanation:

Ordinal data is one of the four (4) types of measurement scales that values in order of importance the rating that can be provided over a subject. However, the difference between each of the rates is not clear. Usually, this approach aims to measure <em>comfort, experience </em>or <em>satisfaction</em>.

4 0
3 years ago
Payne, Inc., a nonpublicly traded company, implemented a defined benefit pension plan for its employees on January 2, year 2. Th
Dovator [93]

Answer:

b. $25,000

Explanation:

For computing the pension liability amount, we need to do apply the formula which is shown below:

= Projected benefit obligation - Fair value of plan assets

= $103,000 - $78,000

= $25,000

The net periodic pension cost and the employer's contribution is not relevant. So, these items are ignored and hence not included in the computation part.

The excess amount is shown as a pension liability.

7 0
3 years ago
Other questions:
  • The windshield division of fast car co. makes windshields for use in fast car's assembly division. the windshield division inncu
    15·1 answer
  • (a) Does Honest Tea have more of an organic or mechanistic structure?
    7·1 answer
  • The ethical question is whether apple ought to contract (through suppliers) fifteen-year-olds to work on factory floors. is the
    13·1 answer
  • What does savonarola tell florentines they must do, and who will be their reward if they follow his instructions?
    13·1 answer
  • A study comparing perceptions of punctuality in the United States and Brazil found that Brazilian timepieces are less reliable a
    10·1 answer
  • Brown's Frozen BBQ Sandwiches are made with goat meat drenched in a sweet onion sauce. These sandwiches would not be popular in
    15·1 answer
  • What would be most likely to happen if there was no Patient’s Bill of Rights?
    14·1 answer
  • You have a minor medical policy with a $500 deductible and an 80/20 co-insurance (co-pay) feature with a CAP of $15,000. If you
    13·1 answer
  • During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of mercha
    13·1 answer
  • Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!