Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $960,000 (40,000 units at $24 each). During 2021, 120,000 units were purchased, all at the same price of $29 per unit. 122,000 units were sold during 2021. Assuming an income tax rate of 25%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements
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Experienced problem solvers always consider both the value and units of their answer to a problem. why?
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Mr. beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the bb-1 set. (bb-1 stands for body beautiful number 1.) the carrying cost for bb-1 is $5 per set per year. to meet demand, mr. beautiful orders large quantities of bb-1 seven times a year. the stockout cost for bb-1 is estimated to be $50 per set. over the past several years, mr. beautiful has observed the following demand during the lead time for bb-1: demand during lead time probability40 0.150 0.260 0.270 0.280 0.290 0.1total 1.0the reorder point for bb-1 is 60 sets. what level of safety stock should be maintained for bb-1?
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What legislation increased the ability for federal authorities to tap telephones and wireless devices, tightened the enforcement of money laundering activities, as well as broadened powers toward acts of terrorism and acts such as drug trafficking?
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Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $960,00...
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