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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

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The production of rice in the year 2001 was 1000 tonnes which was 25% of the total food grain production in that year. In the ne
Nookie1986 [14]

Answer: 3200 tonnes

Explanation:

Rice production in 2001 = 1000 tonnes, which represented a 25% of total food gain in 2001.

Total food grain production in 2001

= 1000 × 100 / 25

= 4000 tonnes

In 2002 production of rice decreased by 4%

= 1000 - 1000 × 4 ÷ 100

= 960 tonnes

Total food grain production in 2002

= 3200 tonnes

7 0
4 years ago
standards are blank . multiple select question. set for each major production input or task benchmarks for measuring performance
lesya [120]

Standards are set for each major production input or task, benchmarks for measuring performance and compared to the actual quantities and costs of inputs. Thus, option first, third and fourth are correct.

<h3>What is the meaning of performance?</h3>

The act of executing a ceremony, play, piece of music, and so on. The execution or achievement of work, actions, feats, and so on. It is a specific action, deed, or process.

Standards are established for each massive production input or job, serving as benchmarks for monitoring performance and being compared to real input amounts and prices. As a result, options one, three, and four are correct.

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brainly.com/question/15466511

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6 0
1 year ago
What are the means, or factors, of production? Selected Answer: A. the ways a society organizes production Answers: A. the ways
Hatshy [7]

Answer:

D. a society's major productive resources, such as land and other natural resources, labor, technology, and capital

Explanation:

The factors of production include all the inputs from which a good/service can be made or created. Land and natural resources are the tangible resources from which we create goods and where we execute operations regarding production. Technology and capital are essential resources to gain the needed machinery and expertise for production after the Industrial Revolution.

6 0
4 years ago
________ controls cover security processes that are designed by strategic planners and implemented by the security administratio
stepladder [879]

Answer:

d. Managerial

Explanation:

The managerial controls covers the process of the security that could be designed via strategic planners and the same should be implemented via the organization security administration

So as per the given situation, the option d is correct

And, the rest of the options are incorrect

The same should be relevant

6 0
3 years ago
Causes of corruption?​
gizmo_the_mogwai [7]

Answer:

Personal greed, Decline of personal ethical sensitivity, the size and structure of governments, economic freedom/openness of economy, Cultural environments that condone corruption, Lack of transparency, Slow judicial processes, etc.

Explanation:

7 0
3 years ago
Read 2 more answers
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