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
ivann1987 [24]
3 years ago
15

The inventory valuation method that results in the lowest taxable income in a period of inflation is:________

Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

A

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

Inflation refers to a persistent rise in general price levels.

In a period of inflation, cost of inventory keep rising. So, the most recently purchased inventory would have the highest price. The LIFO method would result in a higher cost of good sold and this depresses profit and also leads to a lower taxable income

You might be interested in
What is typical of a centrally planned economy?
Gnom [1K]

Answer: A centrally planned economy has a central authority that makes all the economic decisions.

Explanation: Unlike the market economies where economic decisions like price are made by private organizations and individual consumers, a centrally planned economy which is also referred to as command economy, is an economic system that has a central authority (e.g government) that controls and dictates the economic decisions that has to do with the production, distribution and price of goods.

4 0
3 years ago
The sticky-price theory of the short-run aggregate supply curve says that if the price level rises by 5% while firms were expect
Ne4ueva [31]

Answer:

<u>to keep their prices the same</u>

Explanation:

Remember, having a higher Menu cost implies that such a firm would suffer more if it adjusted its prices.

So the sticky-price theory makes the assumption that a firm that notices an increase in the prices of their products would <em>keep their prices low</em> out of fear that doing so would result in losses for the firm if demand changes negatively.

4 0
3 years ago
Which technology traveled from Asia to Europe along the Silk Road? A. Agriculture B. Papermaking C. Iron-making D. Irrigation
belka [17]
I think the answer is D. irrigation tell me if im right please 

8 0
3 years ago
Read 2 more answers
True or false
Arisa [49]
With a manual transmission, you "<span>use your right foot for the brake and accelerator and your left foot for the clutch". This is primarily to make sue that you don't press both the accelerator and the brake at the same time. </span>
5 0
3 years ago
Which is your least urgent concern if you are stranded in a remote area and must await rescue?
Karolina [17]
The least urgent concern if you are stranded in a remote area is that whether you have a shelter or a place that you could stay until the rescue arrives. It is because the most urgent concern that you have to deal with or prioritize first is your food and the materials you need to survive.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Coronado Industries, which has a taxable payroll of $1350000, is subject to FUTA tax of 6.2% that includes a state contribution
    12·1 answer
  • What type of promotion requires consumers to rely on some measure of random chance?
    12·1 answer
  • an industry is comprised of 20 firms, each with an equal market share, what is the four firm concentration ratio of this industr
    10·1 answer
  • If a country is taking action to increase its overall productivity and make sure
    6·2 answers
  • Flavio, ceo of fabulous frozen custard believes that alternate plans are almost as important as the primary operational plans be
    12·1 answer
  • EB11.
    13·1 answer
  • Engineering Wonders reports net income of $56.0 million. Included in that number is building depreciation expense of $4.6 millio
    10·2 answers
  • An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays
    10·1 answer
  • Transactions for Jayne Company for the month of June are presented below.
    10·1 answer
  • What are the reasons for different communication methods?​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!