Crane industries had the following inventory transactions occur during 2017: units cost/unit feb. 1, 2017 purchase 106 $44 mar. 14, 2017 purchase 182 $46 may 1, 2017 purchase 129 $48 the company sold 300 units at $62 each and has a tax rate of 30%. assuming that a periodic inventory system is used, and operating expenses of $1764, what is the company’s after-tax income using lifo? (rounded to whole dollars)a. $4156b. $13484c. $13044d. $4596

explanation:

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ok this has nothing to do with business

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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