EXTRA QUESTION. ONLY USE IF NECESSARY

  2 List THREE characteristics of destructive wave and THREE characteristics of a constructive wave (6)

  12 Suggest reasons why the groyne (D) has been constructed. (3)

Among the last line of defenses against prolonged exposure to an extracellular pathogen is

  4 Name and outline ONE process of marine erosion. (2)

If a lever operates at a mechanical disadvantage, it means that the ________.

Which statement is true of body mass index?

A set with n elements, with n ≥ 0, has exactly (n+1)/2 subsets.

Bargain Buckets offers an unconditional return policy within 60 days. It normally expects 8% of sales at retail selling prices to be returned before the return period expires. Assume Bargain Buckets records total sales of $12.0 million for the current period with associated Cost of Goods sold $6,000,000. How much is the associated allowance for sales returns?  

Assume the following inventory footnote was obtained from the Snapper Corporation  10-K ($ millions).   Inventories Most inventories owned by Snapper and its United States equipment subsidiaries are valued at cost, on the “last-in, first-out” (LIFO) basis. Remaining inventories  are generally valued at the lower of cost, on the “first-in, first-out” (FIFO) basis, or market. The value of gross inventories on the LIFO basis represented 61 percent of worldwide gross inventories at FIFO value on October 31, 2016 and 2015, respectively. If all inventories had been valued on a FIFO basis, estimated inventories by major classification at October 31 in millions of dollars would have been as follows:     2016 2015 Raw materials and supplies $  716 $  589 Work-in-process 425 408 Finished machine and parts 2,126 2,004 Total FIFO value 3,267 3,001 Less adjustment to LIFO value 632 502 Inventories $2,635 $2,499   We notice that not all of Snapper’s  inventories are reported using the same inventory costing method (companies can use different inventory costing methods for different inventory pools).   What effect has the use of LIFO inventory costing had on Snapper’s  tax liability for 2016 only (assume a 35% income tax rate)?