Answer:
LIFO. usually results in a balance sheet valuation of inventory farthest away from its economic value. LIFO. would result in the highest after-tax cash flow in periods of rising prices and non-decreasing levels of inventory.
smort doggo is off to another question
Its great for documentation on income tax returns. A bank may require financial documentation of income statement, a cash flow statement, or a balance sheet before loaning you money. It will help identify sources of income and track debts.
Answer: 20,000 lawn mowers
Explanation:
The formula for calculating the number of lawn mowers needed to reached the budgeted profit levels is:
= (Fixed costs + Budgeted profit) / Contribution margin
Contribution margin = Selling price - Variable cost
= 40 - (14 + 8 + 5)
= 40 - 27
= $13
Number of lawn-mowers required:
= (140,000 + 120,000) / 13
= 20,000 lawn mowers
If the total cost of his college education is 30,000, he will have enough resources to pay.