Which of the following statements does not accurately describe the lower of cost or net realizable value valuation method for inventory? Multiple Choice The journal entry to write down inventory increases cost of goods sold. The journal entry to write down inventory does not affect pretax income. The journal entry to write down inventory decreases gross profit. The journal entry to write down inventory decreases current assets.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answercountries with higher real income per capita tend to have higher levels of this index.