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
A 20-year-old student wants to save $5 a day for her retirement. Every day she places $5 in a drawer. At the end of each year, s
Artyom0805 [142]

Answer:

$147,425

Explanation:

Step 1: If a student saves $5 a day for a year, she then has

$5 × 365 days = $1,825

N.b: 365 days makes a year

Step 2: If she invests the yearly savings in a brokerage account that has an expected return of 8%, at the end of a year she would have

$1,825 + (8% of $1,825) at the end of the year.

solving the above, we have

$1,825 + (0.8 × $1,825)

$1,825 + $1,460 = $3,285

At the end of every year after investment, she has $3,285

Step 3: At te age of 65(which is 45 years later; i.e 65years - 20years), she would have saved up

$3,285 × 45 years = $147, 825

At the age of 65, she would have saved up $147,825.

8 0
4 years ago
How can you use spreadsheets both at home and at the office? describe the office business functions which can use electronic spr
shepuryov [24]
You can use electronic spreadsheets<span> at home to make a calendar, in an office you can use it to graph the revenue the company is making.</span>
3 0
4 years ago
• why do you think starbucks was able to convince so many people that a 400% markup on a cup of coffee that costs 50 cents to ma
bixtya [17]
In short, Starbucks's success can be attributed to its marketing, the environment of its establishments, and its social popularity. Starbucks has managed to present itself as an honest, morally decent, and trendy coffee house that appeals primarily to a millennial audience. Regarding their locations, Starbucks franchises offer an upscale, urban feel that is not offered by many other coffee chains. Another reason is Starbucks embracing social progress and pop culture in their advertising and business design and practices. Finally, the ingredients used in Starbucks coffee are often marketed as premium and upscale, which falls into the advertising used to convince consumers that their product is worth more, even though that objectively, their product is comparable to products that cost significantly less. In short, it is not so much the product that is being paid for, but the name and social stigma/popularity around it, and this is why people do not hesitate to pay more for Starbucks's product. 
5 0
3 years ago
When the number of responses is important to a schedule of reinforcement, that schedule is called a ________ schedule?
Morgarella [4.7K]
<span>Ratio Schedule of Reinforcement A set NUMBER OF RESPONSES is required for reinforcement. If the ratio is 3 responses, reinforce the 3rd response. Ratio=Response</span>
6 0
3 years ago
Which of the following statements is CORRECT?a. If a project has "normal" cash flows, then its MIRR must be positive.b. If a pro
Elan Coil [88]

Answer: Option D

                               

Explanation: In simple words, normal cash flows refers to those cash flows which have one initial investment at the beginning followed by a stream of inflows while in case of non normal cash flows the stream keeps changing from inflows to outflows.

Normal cash flows have only one IRR as there can only be single rate at which NPV will be zero while in case of Non normal there are two IRR due to uneven stream.

Thus, we can conclude that the correct option is D.

3 0
3 years ago
Other questions:
  • The drugstore chain CVS uses loyalty-card data to better understand what consumers purchase, the frequency of store visits, and
    6·1 answer
  • Internationalization is the vision of creating one world unit, a single market entity.
    14·1 answer
  • In a relationship between an employee and supervisor, who must do most of the adjusting? A. Both must adjust equally. B. Neither
    11·1 answer
  • Assume the following for a piece of equipment assuming​ straight-line depreciation: Purchase price​ $20,000; installation costs
    5·1 answer
  • Sheldon Company began Year 2 with $1,500 in accounts payable. During the year, the company incurred utility expense of $3,500 on
    14·1 answer
  • In 2008, the NBC television network used advertising, personal selling, public relations, and sales promotion to communicate wit
    14·1 answer
  • Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated overhead $400,00
    11·1 answer
  • Why might it be argued that corporations do not have a comparative advantage when investing in real estate as a means of diversi
    5·1 answer
  • What are three components of money management? List and explain each component.
    12·1 answer
  • 1. You are a small employer wishing to establish a benefits program for your employees. What things should you consider to ensur
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!