Business, 22.04.2020 23:39, matt6742

The manager of Sheridan is given a bonus based on net income before taxes. The net income after taxes is $51300 for FIFO and $42200 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?

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The manager of Sheridan is given a bonus based on net income before taxes. The net income after taxe...