Question 4. Alpha Curios Ltd. had total revenue of \\( 780,000 \\) and total expenses of \\( 640,000 \\) during the year. Calculate the effective tax rate, if \\( 35,750 \\) of the firm's total expenses in the year are never going to be tax-deductible and the corporate tax rate is \19. There are no other timing differences. A. \9.5 B. \14.1 C. \19.0 D. \23.9 Question 5: Comparing LIFO (last-in, first-out) to FIFO (first-in, first-out) inventory valuation methods, which of the following statements is most likely to be correct? A. When prices consistently rise, the LIFO method understates a company's gross profit when compared with the FIFO method B. When prices consistently rise, the FIFO method understates a company's gross profit when compared with the LIFO method C. When prices consistently rise, the LIFO method leaves inventories on the balance sheet at a higher cost when compared with the FIFO method D. When prices consistently rise, the FIFO method will lead to a cost of sales that is closer to \"replacement cost\" than the LIFO method