Hhh On December 31 (fiscal year-end) financial statements of Collette, Inc. reported the followinginformation (in millions)Inventories (net)LIFO reserveNet Income2022468,6113,47613,918Assume corporate tax rate of 40%.2021437,3963,27113,622Question: What is the cumulative amount of income tax savings that Collette generated throughthe end of 2022 by using LIFO instead of FIFO?If the answer is $1 Billion please type 1000.No commas, no $ signs. No need for add the extra zeros, i.e. ,000,000. Do not spell out the"Million."Round to nearest integer.

Please find the answer below.--> LIFO and FIFO :- LIFO is an inventory valuation method where…

Answered: On December 31 (fiscal year-end)…

Similar questions

Question 17 ations A bad decision: 65 0 O does not consider all the alternatives O does not employ appropriate decision modeling techniques O is all of the answers O is a decision not based on logic does not use all available and relevant information MacBook Air 000 F3 000 F4 F5 DD %23
Enabled: Test II Saved Help Save & Exit 39 A company that handles hazardous waste wants to minimize the shipping cost for shipments to a disposal center from five receiving stations it operates. Given the locations of the receiving stations and the volumes to be shipped daily, determine the location of the disposal center. (Round X and Y to 2 decimal places.) Location of Processing Station, (x, y) 9,5 4,10 7,7 2,8 ces 4,7 Volume, Tons per Day 28 9 20 25 30 Click here for the Excel Data File ere to search 6 75°F Partly cloudy 8 9 R T Y G H K CVBNM O alt P ctri pause
What practice involves the researching of goods in a store without buying them, and then shopping on the Internet for better deals? Question 8 options: a) Investigative purchasing b) Moderate involvement decision making c) High involvement decision making d) Showrooming
internal control requirement in marketing information system
Element Ease of Use Processing Power App Library User Interface A/V Quality TOTAL A) Jared's Streaming Video Weighted Scoring Model B) C) X, X² Product A Weight (%) Scale (1-10) Grade W (W x Scale) Type your answers in all of the blanks and submit D) A 20 20 10 10 100% Type your answer here Type your answer here 8 6 Type your answer here 9 5 10 Type your answer here B 1.2 3/5 answered 1.8 0.5 1 Fill in the missing numbers using the attached document (round to two decimal places). Product B Scale (1-10) Grade 5 7 8 10 7 (W x Scale) с 1.4 1.6 1 0.7 Product C Scale (1-10) Grade (W x Scale) 78995 D 1.6 1.8 0.9 0.5
Question 13 We should be very careful of the problem of _______. The test units who drop out may be systematically different from the test units who remain. For example, salespeople who drop out of a sales training program may be the ones who do not gain anything from the program. In that case, the experiment will only measure the change of effectiveness for the test units who do not leave. history mortality Main testing effect Selection bias
Pls help ASAP
Only typed answer
Help with question 4
4. Question 4 options: ------------ is understood as an enduring attribute of a person that appears consistently in a variety of situations.
QUESTION 5 According to COBIT5, stakeholders' needs influence stakeholders' drivers. True O False
Question 43 of 50 Which technique can you use to confirm you understand a customer's needs? ☐ verify and clarify ask and retain paraphrase and resolve check and repeat Previo

SEE MORE QUESTIONS