User Account

All Pages

What is the difference in tax

Assignment Help Accounting Basics
Reference no: EM132533514

Question - The accountant at Vaughn Manufacturing is figuring out the difference in income taxes the company will pay depending on the choice of either FIFO or LIFO as an inventory costing method. The tax rate is 25% and the FIFO method will result in income before taxes of $17830. The LIFO method will result in income before taxes of $16500. What is the difference in tax that would be paid between the two methods?

a. $1330

b. $333

c. $997

d. Cannot be determined from the information provided.

Reference no: EM132533514

Questions Cloud

Examine the role of individual in global society : You will examine the role of the individual in a global society and how issues of globalization influence aspects of culture and the individual.
What is the opinion of employees on strategic leadership : What is the opinion of employees on strategic leadership?
How federal agendas promote healthcare issues : Review the Resources and reflect on the importance of agenda setting. Consider how federal agendas promote healthcare issues and how these healthcare issues.
Define friedman and freeman perspectives : Define Friedman's and Freeman's perspectives on Corporate Social Responsibility (CSR). Using examples to illustrate your answer, describe how the Moral Minimum
What is the difference in tax : The LIFO method will result in income before taxes of $16500. What is the difference in tax that would be paid between the two methods
How do innovative organisations that thrive on employee : How do innovative organisations that thrive on employee engagement and empowerment use synthesis as an everyday strategy to overcome the limitation
Evaluate potential project management solutions : Manage a project within agreed timescales and specification, documenting the process throughout - Evaluate potential project management solutions
Healthcare quality : Assume that you are a Quality Officer who is responsible for one of the state's largest healthcare organizations
Chris peterson at dss consulting : Who were the important people in the case study and what was Chris' approach to the power relations? What are the important power lessons from the case?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd