Entries in the payoff matrix are profits. Buy-Right's profit is before the comma, while Acme's is after the comma. a. Explain what is meant by a dominant strategy. b. Given the payoff matrix above, does each firm have a dominant strategy

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?