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ludmilkaskok [199]
3 years ago
14

In year 2, Rocco changes its inventory method from the weighted-average to the FIFO method. If FIFO would have been used in year

1, cost of goods sold would be $20,000 lower. Rocco has an effective tax rate of 21%. What is the after-tax effect on retained earnings for year 1 for the change in accounting method?
Business
1 answer:
nadezda [96]3 years ago
4 0

Answer: I Don't Know sorry

Explanation:

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horrorfan [7]

Answer:

do you need help with that or are you saying that

Explanation:

7 0
3 years ago
Read 2 more answers
Dennis has made a purchase of $50,000 using trade credit with terms of 2/10 net 30. how much discount will a he receive if the b
Kisachek [45]
<span>0$
   Trade credit is the credit extended to you by suppliers who let you buy now and pay later. Any time you take delivery of materials, equipment or other valuables without paying cash on the spot, you're using trade credit</span>
6 0
4 years ago
a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called?
mestny [16]

<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

6 0
3 years ago
Bates Company plans to add a new item to its line of consumer product offerings. Two possible products are under consideration.
Vika [28.1K]

Answer:

differential revenue = $7

so correct option is a. $7

Explanation:

given data

Product A costs= $6

contribution margin = $3

Product B costs = $12

contribution margin = $4

to find out

differential revenue

solution

first we get here selling price for product A and B

selling price for product A = Product A costs + contribution margin

selling price for product A =  $6 +$3

selling price for product A = $9

and

selling price for product B = Product A costs + contribution margin

selling price for product B =  $12 + $4

selling price for product B = $16

so

differential revenue will be

differential revenue = selling price for product B - selling price for product A

differential revenue = $16 - $9

differential revenue = $7

so correct option is a. $7

4 0
3 years ago
Which of these post secondary degrees comes after a master’s degree?
Jlenok [28]

Answer: Doctor's degree.

Explanation:

A doctor's degree is a diploma issued by universities. It is the highest Academic title that can be won at a university. In most countries, this diploma is valid after a particular scientific thesis is defended, and the candidate has the skill to teach at the highest academic level. In the United States and some other countries, there are also some types of technical or professional degrees that include doctors on their behalf and are classified as doctors in some of these countries. Some universities also award honorary doctoral degrees to contribute to the university, science, or community.

4 0
3 years ago
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