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Institution Affiliation - Speech or Presentation Example

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EPS is net income divided by average outstanding shares of common stock and hence higher pre-tax income results in higher net income given taxes is fixed percentage of income. …
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Institution Affiliation
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Download file to see previous pages Of FIFO and LIFO, which method would result in the higher pretax income? Which would result in the higher EPS? FIFO would result in higher pre-tax income because it has higher gross profit. EPS is net income divided by average outstanding shares of common stock and hence higher pre-tax income results in higher net income given taxes is fixed percentage of income. This implies that FIFO would also result in higher EPS. 3. Of FIFO and LIFO, which method would result in the lower income tax expense? Explain, assuming a 35 percent average tax rate. LIFO method would result in lower income tax expense because it has lower pretax income. Comparison Assuming that other expenses are $2000 • FIFO: $9600 - $2000 = $7600 à 35% of $7600 = $2660 • LIFO: $9080 - $2000 = $7080 à 35% of $7080 = $2478 4. Of FIFO and LIFO, which method would produce the more favorable cash flow? Explain. FIFO method would produce the more favourable cash flow because it has higher total ending balance. Problem 2: Reading Publically Available Financial Statements ...Download file to see next pagesRead More
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Institution of Learning important because, allowing each person to present in his/her own fashion could give room for manipulation of the content to their personal interest and satisfaction, perhaps not for the Institution (Shepard, 2005). The key Problems in this Case There are certain problems in this case ranging from personal to technological in nature. For example, there tree staff members lack coordination since they do not interact during their duties. To substantiate this claim, the Steven and Kelly could not prepare the ten questions, which they agreed on for the interview, citing their own reason for failing to do so. Steve only had five questions while Kelly did not present questions at all, claiming that the system could not open...
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