Answer:
see explaination
Explanation:
Balanced equation or stoichiometry equation means in a product after reaction there is no unburned carbon compound left or we can say the oxygen is sufficient to combine with all the carbon and hydrogen moleculs to form Carbon-dioxide and water respectively.
The dew point temperature of balanced equation will be 100°c because water vapour bis present in it and it will condense at 100°c at 1 bar pressure while the other products need much lower temperatures to liquify.
See attachment.
From the mass production of the automobile to space travel, from the telephone to the Internet, and from bioengineered foods to clean water, engineers have applied their expertise to improve the quality of our lives
Answer:
They will pay more taxes if they value inventory using LIFO.
The difference in taxes between the two methods is $8400($ 32,550.00 minus $ 24,150.00)
Explanation:
The oil distributor will pay more taxes using LIFO method in valuing the cost of goods sold because LIFO would pick the prices of goods recently purchased which were lower overall compared to prices of goods earlier purchased.
Hence,inventory sold is charged with lower prices and eventually lower costs of good sold s well higher gross profit which translates into higher taxes.
It would be preferable to value inventory sold using FIFO so as to reduce taxes payable by $8400.
Find attached detailed computation.