Business, 09.04.2020 19:27 jessicadempsey
Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2016, was $768,000 (32,000 units at $24 each). During 2016, 104,000 units were purchased, all at the same price of $27 per unit. 112,000 units were sold during 2016. Esquire uses a periodic inventory system. Assuming an income tax rate of 40%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements?
Answers: 1
Business, 21.06.2019 19:40, farrellandnandi
Which of the following is false regarding the links between jit and quality? a. jit increases the cost of obtaining good quality. b. as quality improves, fewer inventory buffers are needed; in turn, jit performs better. c. jit reduces the number of potential sources of error by shrinking queues and lead times. d. inventory hides bad quality; jit immediately exposes it. e. if consistent quality exists, jit allows firms to reduce all costs associated with inventory.
Answers: 3
Business, 22.06.2019 09:50, sanam3035
For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers
Answers: 1
Business, 22.06.2019 20:00, kiaramccurty
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
Esquire Inc. uses the LIFO method to value its inventory. Inventory at January 1, 2016, was $768,000...
Mathematics, 17.01.2020 05:31