Business, 29.10.2019 22:31 kenna0

Acompany uses lifo. at the beginning of the current year its inventory was $225,000, and at the end of the current year its inventory is $300,000. at the start of the year its lifo reserve was $20,000 and at the end of the year its lifo reserve is $25,000. the company operates in an inflationary environment. if the company used fifo instead of lifo, its ending inventory would be:

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:10

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Answers: 3

Answer

Business, 22.06.2019 11:10

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Answers: 1

Answer

Business, 22.06.2019 19:20

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Answers: 1

Answer

Business, 22.06.2019 19:50

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1

Answers: 3

Answer

You know the right answer?

Acompany uses lifo. at the beginning of the current year its inventory was $225,000, and at the end...

Questions