Vaughn company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (lcm) basis in valuing inventories:
net realizable product cost value
a $111000 $119000
b 81000 74000
c 153000 162000

if vaughn applies the lcnrv basis, the value of the inventory reported on the balance sheet would be
(a) $338000.
(b) $355000.
(c) $362000.
(d) $345000.

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution