Laker company reported the following january purchases and sales data for its only product: date activites units acquired at cost units sold at retailjan. 1 beginning inventory 180 units @ $10.50 = $1,890 jan. 10 sales 140 units @ $19.50jan. 20 purchase 110 units @ $9.50 = 1,045 jan- 25 sales 150 units @ $19.50jan 30 purchase 260 units @ $9.00 = 2,340 totals 550 units - $5,275 270 unitsthe company uses a perpetual inventory system. for specific identification, ending inventory consists of 280 units, where 260 are from the january 30 purchase. 5 are from the january 20 purchase, inventory al inventory system. required1. complete comparative income statements for the month of january for laker company for the four inventory methods. assume expenses are s1.650, and that the applicable income tax rate is 40%. (round your intermediate calculations to 2 decimal places.)2. which method yields the highest net specific weighted fifo3. does net income using weighted average fall between that using fifo and lifo?

Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.