What's the advantage of LIFO over FIFO method?

LIFO method is used over FIFO method for tax advantages.

Explanation:

Most of the companies prefer LIFO method than FIFO method because the companies get tax advantages. During inflation LIFO method is used because, at the time of inflation price of the goods are high and the goods are being  sold at high prices and the consumers buy those costly goods, as a result the inventory that remains are having lower balance. When a costly good is sold that determines less net income. As a result there is a small amount of tax liability.

see below

step-by-step explanation:

7.   there are 10 data points in the set.   the middle point is between 5 and 6.   the middle point in the top half is 8   and the middle point in the bottom half is 3. to find the iqr , take point 8 and subtract point 3

mid term   point 8 = 100   point 3 = 88

iqr = 100-88 = 12

final   point 8 = 93   point 3 = 78

iqr = 93 - 78 = 15

the final has the greatest iqr

6.   b - there is a high data value that causes the data set to be asymmetrical for the males: the data for males are high and asymmetrical .   there is an outlier for the males that skews the data

5.   the   iqr is a better measure of spread for the movies and basketball games.   since the basketball game has an outlier, we do not want to use standard deviation for measurement.  

3.   the exam median is much higher than the class median.   the median line is farther to the right on the exams

2.   there is no way to tell what the means are from the box and whisker plots.  

answer:

a=9

step-by-step explanation: lmk if you need a explanation