The Manager of Yates Company Is Given a Bonus Based

question 181

Multiple Choice

The manager of Yates Company is given a bonus based on income before income taxes. Net income, after taxes, is $5,600 for FIFO and $5,040 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

• A) $200
• B) $300
• C) $160
• D) $560

Apply the principles of PAIBOC analysis to improve communication clarity and effectiveness.

Grasp the structure and purpose of collection letters and how their tone evolves.

Learn the components and organization of informative and positive messages.

Understand how to clearly communicate changes and updates to stakeholders in a positive light.

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Definitions:

Personal Area Network

A network configuration for connecting devices in close proximity, typically involving wireless communication technologies like Bluetooth.

Bluetooth

A wireless technology standard for exchanging data over short distances from fixed and mobile devices, creating personal area networks.

Extranet

A private network that allows controlled access from the outside for specific business or educational purposes, using internet technology.

Inventory Process

A systematic approach to managing and tracking stock, materials, or products within a business to ensure adequate supply and efficient operations.