Two different liquid filter systems are being studied to clarify a liquid stream. A traditional filter will operate for one 8-hour shift before being replaced. A special pleated design can last one full week, operating 24 hours a day (3 shifts), 5 days per week. Labor cost to change a filter is estimated to be worth $10.00 for each filter change because a mechanic would work overtime to change the filter. The traditional filters cost $3.50; the special pleated filters cost $90.00. Which filter should be chosen?

Partnerships are the most common type of business firms in the world. t/f

Rats that received electric shocks were unlikely to develop ulcers if the

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.