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1. On December 31, 2009, the inventory of Powhattan Company amounts to $800,000. During 2010, the company decides to use the dollar-value LIFO method of costing inventories. On December 31, 2010, the inventory is $1,053,000 at December 31, 2010, prices. Using the December 31, 2009, price level of 100 and the December 31, 2010, price level of 108, compute the inventory value at December 31, 2010, under the dollar value LIFO method.
for the past several years shane banovich has operated a part-time consulting business from his home. as of october
Montoya manufacturing has fixed costs of $1,800,000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $180,000?
Prepare the closing entries and post them to the T- accounts.
Using the data given, prepare an investment opportunities schedule (IOS). Which projects does the IOS suggest should be funded? Does this group of projects maximize NPV? Explain.
"Fair Value" Imagine that you are a consultant working on a special project to help a company determine techniques that it can use in order to calculate the fair value of investments. From the e-activity, prepare a report to management in which you c..
pams stables used two different independent variables trainer hours and number of horses in two different equations to
The effective tax rate for the company is 30%. What is the Southern Division's Return on Investment (ROI) - What is the Pasta Division's capital turnover?
judgement case consider the question of whether the united states should converge accounting standards with ifrs.1.
on january 1 2012 chang corp. had 502000 shares of common stock outstanding. during 2012 it had the following
a study has been conducted to determine if one of the departments in parry company should be discontinued. the
As the CFO of your corporation, you are in charge of preparing and analyzing financial statements that will be presented to potential investors and creditors.
Hypothesize a scenario in which one could intentionally misstate liabilities for his or her personal financial gain. Recommend two (2) actions that companies can take to prevent or detect intentional misstatements of liabilities for personal finan..
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