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1. How would the balance sheet accounts be affected if LIFO rather than FIFO were used when purchase prices are rising? When purchase prices are falling?
2. What is the LIFO reserve and when is it used?
3. Why are inventories written down to the lower of cost or market?
4. What is the effect on the current period income statement and the balance sheet when inventories are written down using the lower of cost or market method? What is the effect on future period income statement and balance sheets?
Water flows through a horizontal plastic pipe with a diameter of .2 m at a velocity of 10 cm/s. determine the pressure drop per meter of pipe using the Moody chart.
consider a 2-d incompressible velocity field are given u ax b and v -ay cx where a b and c are constants. a check
a bearing steel with 1.2 wt. c is analyzed for its microstructure after annealing heat treatment. a write down the
If inventory carrying costs are $3 per unit per quarter, what is the annual cost of carrying this anticipation inventory? Opening and ending inventories are zero.
consider a non-ideal vapor-compression cycle where refrigerant 134a flows at a rate of 0.05 kgs. the refrigerant enters
a four cylinder two stroke diesel engine has a cut-off ratio of 1.8 and a compression ratio of 22. it operates with an
a steam power plant operates on a rankine cycle between pressure limits of 0.08 bar and 80 bar. the heat added by
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The cover for a 0.5-m-diameter access hole in a water storage tank is attached to the tank with four equally spaced bolts as shown. Determine the additional force on each bolt due to the water pressure when the center of the cover is located 1.4 m..
a particle known as a pion lives for a short time before breaking apart into other particles. suppose it is moving at a
Air flows steadily through a one-inlet, one-exit control volume. At the inlet, which has a flow area of 28 cm2, the air is at 600 kPa, 500 K, and has velocity of 30 m/s. At the exit, the pressure is 300 kPa, the temperature is 456.5 K, and the veloci..
Steam at 300°C and 200 kPa is contained in a rigid tank of volume 0.36 m3. The tank is cooled while 350 kJ of heat are removed. Find the final pressure. Show the process on a P-v diagram
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