Pharoah Distribution Co. has determined its December 31, 2020 inventory on a LIFO basis at $908000. Information pertaining to that inventory follows: Estimated selling price $940000 Estimated cost of disposal 32000 Normal profit margin 112000 Current replacement cost 828000 Pharoah records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2020, the loss that Pharoah should recognize is

Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.