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Chuck K.
Teaching Assistant at UCSC for 2 years
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SAT
TutorMe
Question:

If f(x) = 8 - 3x, what is f(x-2)?

Chuck K.
Answer:

14 - 3x

Personal Finance
TutorMe
Question:

What is the difference between a traditional and Roth IRA?

Chuck K.
Answer:

In a traditional IRA, you invest your money and it gets taxed as ordinary income when you withdraw it. In the Roth IRA, you invest your money and it gets taxed beforehand, however your withdrawals will suffer no penalty.

Accounting
TutorMe
Question:

What are the differences between FIFO, LIFO, Average Cost inventory systems?

Chuck K.
Answer:

FIFO refers to the first-in, first-out method where the initial inventory you acquire will be the first inventory to be expensed. LIFO refers to the last-in, first-out method where the most recent inventory you acquire will be the first inventory to be expense. Average Cost refers to the method where you sum up the total cost of your inventory and you evenly distribute it across your inventory when you expense it.

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