Caterpillar, inc., is one of the world’s largest manufacturers of construction, mining, and forestry machinery. the following disclosure note is included in the company’s 2015 financial statements: real world financialsd. inventories ($ in millions)inventories are stated at the lower of cost or market. cost is principally determined using the last-in, first-out (lifo) method. if the fifo (first-in, first-out) method had been in use, inventories would have been $2,498 million and $2,430 million higher than reported at december 31, 2015 and 2014, respectively. required: 1. the company reported lifo cost of goods sold of $33,742 million. calculate the amount that would be reported for cost of goods sold had caterpillar used the fifo inventory method for all of its inventory.2. using the cost of goods sold calculated in requirement 1, how much higher (lower) would income before taxes be, if caterpillar had used the fifo inventory method for all of its inventory?

When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation