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Question - Assume that there are two companies identical in every way except that Company A uses FIFO and Company B uses LIFO to value their inventory. If both companies visited a bank for the purpose of obtaining a loan due to rising inventory costs and the bank made its decision based on the highest net income, which company would be better positioned to obtain the loan? What if the bank made its decision based on the highest cash flows associated with the inventory costing method the company uses? Which company would be better positioned to obtain the loan? Elaborate on your responses.
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Each of the remaining partners agrees to pay $15,000 in cash from personal funds to purchase Spade's ownership equity. Each receives 50% of Spade's equity.
ratio calculations for Current ratio for Plunkett Co. and for Herring Co,Acid Test ratio for Plunkett Co. and for Herring Co Accounts Receivable ratio for Plunkett and for Herring Co
Inventory carrying costs are estimated to be 15% per year. Estimated the annual cost savings as a result of the quality improvement.
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wind fall a manufacturer of leaf blowers began operations this year. during this year the company produced 10000 leaf
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