Nicholas Industries Had the Following Inventory Transactions Occur During 2014

question 39

Multiple Choice

Nicholas Industries had the following inventory transactions occur during 2014: $$\begin{array} { l l c c } && \text { Units } & \text { Cost/unit } \\2 / 1 / 16 & \text { Purchase } & 54 & \$ 45 \\3 / 14 / 16 & \text { Purchase } & 93 & \$ 47 \\5 / 1 / 16 & \text { Purchase } & 66 & \$ 49\end{array}$$ The company sold 140 units at $65 each and has a tax rate of 30%. Assuming that a periodic inventory system is used what is the company's after-tax income using LIFO? (rounded to whole dollars)

• A) $1672
• B) $1840
• C) $2388
• D) $2628

Comprehend the ecological and economic implications of overharvesting resources.

Explore factors affecting photosynthesis, primary production, and ecosystem energy flow, including the impact of COS1U1B12S1U1B0.

Understand the effects of environmental factors and human actions (e.g., increased CO2 levels, nitrogen fertilization) on net primary production (NPP) in ecosystems.

Differentiate between ecosystems and communities by identifying the inclusion of abiotic components and the examination of energy flow and nutrient cycling in ecosystems.

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Definitions:

Pleasure

A feeling of happiness or satisfaction derived from experiences that are enjoyable or fulfilling.

Comfort

A state of physical ease and freedom from pain or constraint; the easing or alleviation of a person's feelings of grief or distress.

Distressed Attachment Pattern

Refers to insecure attachment behaviors and feelings experienced in relationships, often stemming from negative early life experiences.

Behavior Problem

Any type of behavior that is disruptive, harmful, or otherwise considered inappropriate by societal standards.