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Question - During 2013, Davis Company changed from FIFO to weighted average method of inventory valuation. The FIFO inventory was P 710,000 on January 1 and P790,000 on December 31. The average inventory was P 770,000 on January 1 and P 830.000 on December 31. The income tax rate is 30%. In the 2013 income statement, what amount should be reported, as gain or loss on the cumulative effect of this change?
Security A has an expected return of 7 percent, a standard deviation of expected returns of 35 percent, a correlation coefficient with the market of -0.3, and a beta coefficient of -0.5. Security B has an expected return of 12 percent
At the very least, a broader conversation about this country's tax policy is necessary, and that means asking a simple question: What should tax reform do
Tyneka inherited 1,000 shares of Aqua, Inc. stock from Joe. What is Tyneka's basis for the 1,000 shares purchased on August 20, 2013
The company' credit term for their customers is 30 days. The Total sales is 275000. What is the value of accounts receivables at the end of the year
Analyze at least three items on the balance sheet for your base company that would be important to an investor, and discuss whether your company's performance.
On January 14, Mountain Rocks Inc., a marble contractor, issued for cash 24,000 shares of $25 par common stock at $32, What is the total amount invested
The desired return on investment (ROI) is 10%. Calculate the target cost per unit the company must achieve to ensure it attains its desired ROI
Prepare a schedule showing the estimated increase in annual net income from the planned manufacture and sale of dinosaur toys.
Discuss the impact of accounting transactions in financial statements. Describe the elements and purpose of each financial statement
On the date of acquisition, the shareholders' equity value of Tonic Ltd is $240000. Prepare the journal entries in the consolidation journal
What is the monthly profit if 12 houses are built and sold per month? What is the breakeven point for monthly sales of the houses?
santaigos salsaproduction costsapril 2008production 20000 jars of salsaingredient cost variable 16000labor cost
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