Aquatic equipment corporation decided to switch from the lifo method of costing inventories to the fifo method at thebeginning of 2009. the inventory as reported at the end of 2008 using lifo would have been $60,000 higher using fifo. retained earnings had been reported at the end of 2008 as $780,000 (reflecting the lifo method). the tax rate is 40%.requlred: 1‘ calculate the balance in retained earnings at the time of the change (beginning of 2009) as it would have been reportedif fifo had been used in prior years.2 prepare the journal entry at the beginning of 2009 to record the change in principle.

Health insurance protects you if you experience any of the following except: a: if you have to be hospitalized b: if you damage someone's property c: if you need to visit a clinic d: if you can't work because of illness

Weekly sales at nancy's restaurant total $ 84,000. labor required is 420 hours at a cost of $21,000. raw materials used amount to $40,000. what is the partial measure of productivity for labor hours?

Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.