Retail method; gross profit method selected data on merchandise inventory, purchases, and sales for jaffe co. and coronado co. are as follows: cost retail jaffe co. merchandise inventory, february 1 $400,000 $615,000 transactions during february: purchases (net) 4,055,000 5,325,000 sales 5,100,000 coronado co. merchandise inventory, may 1 $400,000 transactions during may through october: purchases (net) 3,150,000 sales 4,750,000 estimated gross profit rate 35% required: 1. determine the estimated cost of the merchandise inventory of jaffe co. on february 28 by the retail method, presenting details of the computations. jaffe co. cost of the merchandise inventory february 28 cost retail $ $ $ $ ratio of cost to retail price: % $ $ 2a. estimate the cost of the merchandise inventory of coronado co. on october 31 by the gross profit method, presenting details of the computations.

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

How many months does the federal budget usually take to prepare

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?