What Ratio (Usually an Average from Prior Periods)can Be Used

question 5

Essay

What ratio (usually an average from prior periods)can be used in estimating the current period's ending inventory?

---

Definitions:

Child and Dependent Care Credit

A tax credit offered to taxpayers to offset the cost of care for qualifying dependents to enable employment.

Full-time Student

A status designated for individuals enrolled in an educational institution taking a full load of courses as defined by the institution.

Taxpayer's Spouse

The legally married partner of an individual, whose financial information may be included or considered in joint tax filings.

Premium Tax Credit

A refundable tax credit for eligible individuals and families who purchase health insurance through the marketplace.