Im not 100% sure but i think the answer is B
Answer:
external threat
Explanation:
This decision was likely based on an external threat. Which in this scenario is the economy. Economy is considered as an external threat because it is not in the control of the company itself but still directly affects the everyday business operations of the company as well as it's profit and costs. All of this equates to how well the company performs, therefore in a situation where the economy poses a threat decisions need to be made such as the one in this scenario.
A person's taxable income is calculated by deducting all allowable deductions and tax-free expenses from their gross total income, which is a rather straightforward formula.
When applied to a person, it is represented as, Formula for Calculating Taxable Income: Gross Total Income - All Exemptions - All Deductions
Income subject to tax: $19,606
$41,821 in taxable income
9,838 Taxable Income
The amount of income used to determine how much tax an individual or business owes the government in a specific tax year is known as taxable income. Knowing one's total taxable income is crucial because it makes calculating the final amount of tax that will be paid or refunded much simpler.
To know more about taxable income click here:-
brainly.com/question/17961582
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Answer:
$20.00 and $32.50
Explanation:
The computation of the ending inventory using the lower of cost or market value which is shown below
For Product 1
Given that
Replacement Cost = $22.50
Net Realizable Value is
= Estimated selling price - Estimated cost to dispose
= $40 - $5
= $35
So, the market value is
= Net Realizable Value - Profit Margin
= $35 - (0.30 × $40)
= $23
As we can see that the cost is $20 and the market value is $23 so the lower value is $20 and the same should be selected
For Product 2
Given that
Replacement Cost = $27
Net Realizable Value is
= Estimated selling price - Estimated cost to dispose
= $65 - $13
= $52
So, the market value is
= Net Realizable Value - Profit Margin
= $52 - (0.30 × $65)
= $32.50
As we can see that the cost is $35 and the market value is $32.5 so the lower value is $32.5 and the same should be selected
