Romanoff industries had the following inventory transactions occur during 2018: units cost/unit 2/1/18 purchase 54 $45 3/14/18 purchase 93 $47 5/1/18 purchase 66 $49 the company sold 150 units at $70 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s gross profit using fifo? (rounded to whole dollars) $3,318 $3,552 $6,948 $7,182

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?

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society

Which term best describes the statement given below? if p = q and q = r, then p = r