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
mrs_skeptik [129]
2 years ago
9

Which of the following statements is not a characteristic of the LIFO method of pricing inventory? During a period of falling pr

ices, LIFO tends to maximize the amounts of income taxes owed The cost of goods sold is measured in relatively current costs Inventory is valued at relatively current costs During a period of rising prices, LIFO tends to minimize the amounts of income taxes owed
Business
1 answer:
Valentin [98]2 years ago
6 0

Answer:

Inventory is valued at relatively current costs

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold. Inventory would be made up of older purchases not valued at current costs

In periods of rising prices, LIFO  tends to minimise the amounts of income taxes owed because cost of goods would be higher due to inflation and this would reduce profit and hence taxes paid.

On the other hand, in periods of falling prices, LIFO tends to maximize the amounts of income taxes owed because cost of goods sold would be low and this would increase profit and hence taxes paid

You might be interested in
Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of i
dsp73

Answer:

The correct answer is option D.

Explanation:

The income and interest rates are inversely or negatively related in the goods market.

An increase in interest rate would lead to increase in the cost of borrowing.As a result the capital investment will fall. This would further contribute in a decline in the production. This ultimately causes income level  to decline.

In the money market though equilibrium levels of income and interest rate are positively related.

The equilibrium in the money market is determined by the intersection of demand for money curve and supply of money curve.

The demand for money depends on transactionary and precautionary motives. When there is an increase in income, the transactionary demand for money will increase as people will spend more. The increase in demand would cause the interest rate to rise.

In this way, income and interest rate arepositively related in the money market.

7 0
3 years ago
What type of rule defines how much time can pass between an illegal act and when an individual is prosecuted for that act?
Anton [14]

Answer: Statue of limitations is the correct answer

3 0
2 years ago
Karina knows that Friday, Saturday and Sunday performances are more popular than weekday performances. So her theater charges mo
Ivenika [448]

Karina is aware that performances on Friday, Saturday, and Sunday are more popular than those on weekdays. As a result, her theater charges a higher price for weekend tickets. This is an illustration of dynamic pricing.

<h3>What role does pricing policy play?</h3>

Pricing rules help businesses maintain profitability by allowing them to sell various products differently. Your company may value having a well-defined pricing policy so that it may make price adjustments rapidly and capitalize on the strengths of its products in one or more areas. After the product is manufactured, pricing is an essential decision-making factor. The price of a product determines its future, its acceptance to buyers, and its return and profitability. It is a competitive tool. The goal of pricing for every company is to set an acceptable price for consumers while also allowing the producer to survive in the market. Every company is at risk of being pushed out of the market due to fierce competition and changes in client preferences and taste.

To know more about pricing visit:

brainly.com/question/19058806

#SPJ4

7 0
1 year ago
Suppose that three firms make up the entire tire manufacturing industry. One has a 40% market share, and the other two have a 30
masha68 [24]

Answer:

3400

increase

Explanation:

the Herfindahl index is used to calculate the concentration of firms in an industry

The HHI is calculated by squaring the market share of each firm in the industry.

40² + 30² + 30² = 3400

If one of the firms leaves the industry, the industry becomes more concentrated and the HHI index would increase

5 0
3 years ago
Earlier this week, two workers accidentally stepped off the edge floor where they were working. Because there was no guarding, t
nikdorinn [45]
Inspection of what i dont understand

8 0
3 years ago
Other questions:
  • The Assembly Department started the month with 24,900 units in its beginning work in process inventory. An additional 309,900 un
    13·1 answer
  • Jorge, a forklift truck operator for the retail chain Hanes Ridge, was injured when the forklift he was operating toppled over.
    15·1 answer
  • True or false: a country is possibly overinvesting in human capital if the best job a ph.d. in philosophy can find is managing a
    12·2 answers
  • Which of the following companies would be best served by a plantwide overhead rate? Multiple Choice A company that manufactures
    6·1 answer
  • The ABC Company expects stock prices to decrease. The current stock price is $96. The company purchases a put option, with exerc
    5·1 answer
  • Identify 3 duties you would expect an accountant to perform​
    10·2 answers
  • On May 1, Soriano Co. reported the following account balances along with their estimated fair values:
    7·1 answer
  • On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
    11·1 answer
  • Two weeks before his performance appraisal, John successfully resolved a service complaint involving one of the company’s most i
    15·1 answer
  • How do you feel about the pandemic? Vaccinations? Masks?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!