In its first year of operations, lima company manufactured 1,000 widgets, incurring direct materials and labor costs of $227,000. for book purposes, lima captialized $260,000 of indirect manufacturing costs. for tax purposes, it had to capitalize $315,000 of indirect costs under the unicap rules. at the end of the year, lima had 170 widgets remaining in inventory.

a. for book purposes, compute lima's ending inventory cost and cost of goods sold for the year.

b. for tax purposes, compute lima's ending inventory cost and cost of good sold for the year.

c. compute lima's inventory book/tax differences and indicate if such difference is favorable or unfavorable.

Luis and rosa, citizens of costa rica, moved to the united states in year 1 where they both lived and worked. in year 3, they provided the total support for their four young children (all under the age of 10). two children lived with luis and rosa in the u.s., one child lived with his aunt in mexico, and one child lived with her grandmother in costa rica. none of the children earned any income. all of the children were citizens of costa rica. the child in mexico was a resident of mexico, and the child in costa rica was a resident of costa rica. how many total exemptions (personal exemptions plus exemptions for dependents) may luis and rosa claim on their year 3 joint income tax return? a. 6 b. 5 c. 4 d. 2

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.