Answer:
A. True.
Explanation:
Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.
LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.
Answer:
A) True
Explanation:
When you are elaborating a financial plan your ultimate goal is to determine in what projects or activities should your company invest its resources. In order to decide which alternative better suits your company, you must be able to compare how your company will be affected by the different options available. The only way to compare this is by forecasting different financial statements for every possible alternative that your company might choose.
Answer:
a. contact efficiency
Explanation:
Contact efficiency is defined as the way by which businesses cut the number of transactions of stages that exist between a product and the final consumer.
Typically it results in a wide variety of options of goods and services to be available to the consumer in on place.
The consumer finds it easy to get what he is looking for and the supplier has a ready market for his goods.
In the given scenario Foot Locker effectively uses contact efficiency by making the consumer find several different brands of shies. At the same time, for companies that manufacture sneakers, selling through Foot Locker will make it easier to reach a lot of potential buyers.
Answer:
the demand quantity and the supply quantity at a price of $15 is 8 units
Explanation:
Supply, P = 1/4 Q²
Demand, P = - 1/4 Q²+30
If P = 15
Quantity Demanded will be 15 = -0.25Q²+30;
if we move 30 across the equality sign.
Therefore -0.25Q²=-15; divide both sides by -0.25;
Q² = 60, Q = 7.746, approximately 8 units
Quantity Supplied will be 15 = 1/4 Q², dividing both sides by 1/4
Q² = 60, Q = 7.746, approximately 8.
Answer:
government's policy.
Explanation:
Govenment policies on tax decide what to tax and where to allocate the resources of the tax.
