Answer:
The difference in tax to be paid between the two methods is $455
Explanation:
In this question, we are asked to calculate the difference in tax for the LIFO and FIFO method.
The matter of importance here is that the tax rate is 35%. We proceed as follows:
For the FIFO income, the tax rate is 35% of 8,600 = 35/100 * 8600 = $3010
For the LIFO method, the tax rate is 35% of $7,300 = 35/100 * 7,300 = $2,555
The difference in tax that would be paid between the two methods is 3010-2555 = $455
True. They took a
gamble at the stocks and many borrowed money that could not returned as a
result, the market crashed and that led to the Great Depression where many
Americans began to struggle as jobs were cut and business were closed.
Answer:
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. ⇒ <u>FINANCIAL SERVICES CORPORATIONS. </u>
The institution described is a Financial Services Corporation as they offer many services to customers including all the above services. The firm type depends on the services it offers.
They are owned by members so that members can share funds among themselves. Members who save deposit the funds. These funds are then loaned to members who need the funds. ⇒ <u>CREDIT UNIONS.</u>
This is a Credit Union. Credit Unions were designed to ensure that people had access to low interest loans. They are like banks in that they loan money but they only loan to members. Members own the Union and it is run on a non-profit basis which is why rates are so low.
With the use of advanced investment techniques, these largely unregulated portfolios are invested in securities. The investment objective is to offset potential losses by investing in counterbalancing securities. They are open to only a select class of investors. ⇒ <u>HEDGE FUNDS. </u>
Hedge funds invest in derivatives a lot and are largely unregulated. They use very advanced investment techniques to earn high returns for their exclusive class of investors who pool funds to provide the Hedge fund with capital for investment.
expectations about behavior and safety norms in the workplace.
<h3>
Answer: D) increase in prices</h3>
An increase in prices will reduce demand, and not supply. You could have an increase in prices due to a shortage, but price increases could also be from a number of other factors, one of which is demand increasing.
Meanwhile, war, scarcity and extreme weather all are possible factors of a shortage. So we can cross choices A,B,C off the list.
