Business, 27.06.2020 23:01 IntellTanito
Tamarisk Company began operations in 2018 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2020, in accordance with other companies in its industry, Tamarisk changed its inventory pricing to FIFO. The pretax income data is reported below.
Year Weighted-Average FIFO
2018 $373,800 $403,300
2019 391,900 434,700
2020 412,800 471,500
A) What is Cullumber’s net income in 2017? Assume a 35% tax rate in all years.
B) Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.
C) Show comparative income statements for Cullumber Company, beginning with income before income tax, as presented on the 2017 income statement.
Answers: 1
Business, 22.06.2019 02:00, whatistheinternetpas
True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false
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Business, 22.06.2019 18:20, daya88
Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.
Answers: 3
Tamarisk Company began operations in 2018 and for simplicity reasons, adopted weighted-average prici...
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