COST DETERMINATION METHOD

Question $1)$

Peter owns a computer store in Montreal and has just started the sale of a new model of stylus. In that industry, prices of goods are constantly decreasing. Peter wants to report a profit as small as possible to save income tax. Which method will you recommend?

Question $2)$

Amanda will open shortly a new grocery store and her objective is to maximize the cash$-$flows of the company. Which method will you recommend to help Amanda achieve her objective?