Answer:
a good way to keep track of monthly expenses would be to start writing down regular monthly expenses like rent,bills and so on for a month and then add in all your other regular monthly expenses. it would take a few months after that to keep track of non regular expenses so you can come up with an average.
Explanation:
Answer:
D.The present value of $50,000 using a 10% interest rate.
Explanation:
Data are given in the question
Sold merchandise in exchange of $50,000 5-year, non-interest-bearing note
Plus the interest rate on equivalent loan is 10%
So by considering the above information, the sales revenue should be recorded at the current value i.e come by considering the present value of $50,000 having the 10% interest rate
The correct answer is letter D. Secondary schools were primarily installed as a way to prepare students for college. When students are equipped with the knowledge about basic education, they will become globally competitive students who are well-capable of adapting to any kind of environment, especially when they are thrown into the read world setting.
Answer:
The Time Value of Money formula is FV = PV x [ 1 + (i / n) ] (n x t)] where V is the Future value of money, PV is the Present value of money, i is the interest rate, n is the number of impounding periods per year, and t is the number of years.
Due to the greatest cost of goods sold, the LIFO (Last In Last Out) technique displays the lowest net profitability. Compared to the other techniques of inventory valuation, the cost of goods sold for the LIFO approach is the greatest.
<h3>Which technique of inventory valuation will result in the lowest net profit?</h3>
The application of LIFO will produce the lowest net income and the greatest estimated cost of goods sold among the three options during periods of inflation.
<h3>Which method of inventory has the lowest income tax rate?</h3>
LIFO is the inventory cost flow method that yields the lowest income tax liability. A form of inventory cost flow mechanism called last-in-first-out (LIFO) operates under the presumption that the last item acquired will be the first item to be sold.
<h3>In an era of inflation, which inventory method results in the lowest income tax?</h3>
Due to increasing COGS, LIFO leads to reduced net income (and taxes). However, under LIFO during inflation, there are fewer inventory write-downs. Results from average cost are in the middle of FIFO and LIFO.
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